Fairport, NY, September 24, 1999 -- Canandaigua Brands, Inc. (NASDAQ: CBRNA and CBRNB) announced today that it has filed an application to list its Class A and Class B Common Stock on the New York Stock Exchange (NYSE).
Pending final approval from the NYSE, Canandaigua Brands, Inc., expects that its shares will commence trading on or about October 12, 1999, under a ticker symbol yet to be assigned. The Company's stock will continue trading on Nasdaq under the symbols CBRNA and CBRNB until the NYSE listing becomes effective.
Richard Sands, Chairman and Chief Executive Officer of Canandaigua Brands, Inc., said, "Our company has grown tremendously over the last few years, including entering the fine wine business and further expanding our reach outside the United States. The move to the NYSE, the largest and most prestigious stock market in the world, will support our continued growth and expansion by enhancing our visibility throughout the world."
Canandaigua Brands, Inc., headquartered in Fairport, New York, is a leader in the production, marketing and distribution of beverage alcohol products in North America and the United Kingdom. The Company markets more than 180 premier brands, including imported beers, wines, spirits, cider and bottled water, and is a leading drinks wholesaler in the United Kingdom.