Mr. John R. Preston has joined Southern Wine and Spirits of America, Inc. in the capacity of Vice President, Finance and Administration. The appointment was effective January 15, 2004.

Mr. Wayne E. Chaplin said, "John comes to Southern Wine and Spirits with not only an extensive background and experience within the beverage alcohol industry where he served in various managerial and executive positions for the former Seagram Company LTD, but also brings to us a unique combination of operational, financial and strategic planning skills that will only strengthen our already dynamic leadership team."

Further, Mr. Harvey R. Chaplin, Chairman and Chief Executive Officer, commented that: "John's vast experience in both the financial aspects of our suppliers as well as his in-depth knowledge of capital markets is impressive and in conjunction with working with Mr. Steven R. Becker, First Vice President, Treasurer and Lee F. Hager, our Vice President, Secretary and Chief Administrative Officer, will help ensure our continued operational and financial leadership; taken together, this team ensures that these critical functions will remain on