INTERNATIONAL WINE & SPIRITS 1ST QUARTER RESULTS

UST’s subsidiary International Wine & Spirits Ltd. announced their 1st quarter earnings today showing a 9.1% increase in wine sales and an 8.3% rise in premium case sales. During the quarter, the company announced that through its own subsidiary, Ste. Michelle Wine Estates, they reached an agreement to form a partnership with the Antinori family of Tuscany to distribute their portfolio in the U.S.