After Ninja Turtles and Toxic Waste, Eos Estates Purchaser Must Walk Grueling Tightrope To Succeed

The Saint James Company (Pink Sheets – SJTC:OB) — which has slogged a path through toxic chemicals, radioactive waste and Mutant Ninja Turtles — will certainly be the wine industry’s Cinderella story of the century so far, if it can walk the tightrope that leads successfully from being a shell corporation to the owner of Eos Estates Winery.

The EOS Estate Winery distributes the Cupa Grandis, Eos Estate Private Reserve, Eos Estate, Lost Angel, Novella, Carneros Creek, and Wildhurst brands. It purchased the Carneros Creek and Wildhurst wine brands in March 2009.

According to the SEC filing, the EOS Estate Winery was established in 1987, by the Arciero Family and currently produces in excess of 200,000 cases under its own proprietary labels. On August 3, 2007, Sapphire Wines LLC of Franklin, Tenn. bought “substantially all of the assets” of Arciero Wine Group,LLC for approximately $20,500,000. Jeff Hopmayer served as CEO of Sapphire Wines.

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60-DAY OLD CORPORATION ACQUIRES EOS PARENT COMPANY

According to the Form 8-K filed November 9 by the Saint James Company, its freshly minted, wholly-owned subsidiary — The Saint James Eos Wine Company (SJEOS) — “closed on the acquisition” of all the limited partner memberships of  Sapphire Wines LLC and Emerald Wines LLC.

The Saint James Eos Wine Company was registered with the state of California on Sept. 9, 2009.

TWO INDUSTRY VETS TO TAKE HELM

The Saint James 8-K said that the top positions at the new company will be filled by two industry veterans, George McCarthy, who has been Chairman of the Board of Directors since Sept. 16, 2009 and CEO Richard Hurst, who joined the company on June 1, 2009

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Also In This Article:

The full text of the following sections is available to VIP Premium Subscribers).

• LITTLE CASH DOWN, MANY DEBT HOOPS TO JUMP THROUGH TO CLOSE CURRENT DEAL

• COMPLICATED ACQUISITION COULD EASILY IMPLODE

• ILLIQUIDITY AND SHAKY FINANCES MAKE FOR DELICATE BALANCE
  

• HOW COMPANY WENT FROM RADIOACTIVE WASTE TO NINJA TURTLES AND FINALLY WINE

• SAINT JAMES INKS DEALS, HOOKS UP WITH VIANSA/360 GLOBAL WINE FINANCIERS
  

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