AWH INCREASES INFLUENCE

Australian Wine Holdings expanded its wine portfolio to include Hay Shed Hill and Pitchfork which result from a joint venture with McWilliam’s Wines. This comes after their 2005 agreement with the Alexandra Bridge label that requires Australian Wine Holdings to supply certain wine under labels shared by the two companies. AWH managing director Mike Calneggia remarked that, “In contrast to the current unpredictable wine industry conditions, we look forward to the steady and sustainable growth provided by the expanded joint venture agreement."