Lakeport Brewing Income Fund Record Breaking Sales18 July 2005
Lakeport Brewing Income Fund (TSX: TFR.UN) today announced that the company's "over-the-counter" beer sales at The Beer Store hit an all time record. For the week ending July 3, 2005 the company's sales hit a single week record of more than 167,000 cases of equivalent 24s purchased at Ontario beer stores. "Despite fierce competition in the marketplace, Lakeport's market share exceeded 9% of all sales at The Beer Store this past long weekend. We are thrilled that our customers are responding positively to our great beer at fair prices," said Teresa Cascioli, the company's Chair & CEO. During the past 22 weeks the company's market share has averaged more than 9.5%. "We are confident that our customer will continue to support Lakeport, the leader in the value category. This support was evidenced this past long weekend with record-breaking sales. Thank you Ontario!" said Ms. Cascioli. Lakeport Brewing Income Fund is an Ontario-based brewery focused on producing value-priced quality beer for the Ontario take-home market. Lakeport produces 10 proprietary beer brands. Its Lakeport Honey Lager is one of the top-selling brands in The Beer Store in Ontario. Lakeport has approximately 163 full-time employees at its production facilities in Hamilton, Ontario. The fund's units trade on the TSX under the symbol TFR.UN (TFR stands for 'two-four'). The final prospectus for Lakeport's initial public offering is available on SEDAR at Other information on Lakeport is available at Certain statements included in this news release may be considered forward-looking. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that actual results will be consistent with such statements. For further information: Teresa Cascioli, Chair and CEO, Lakeport Brewing Income Fund, (905) 523-1170
Source: NewsWire
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