Fairport, New York, October 12, 1999 -- Canandaigua Brands, Inc. (NYSE: CDB and CDB.B) announced that effective today it will commence trading its Class A Common Stock and Class B Common Stock on the New York Stock Exchange (NYSE). The stock will be traded under the ticker symbols CDB (Class A Common Stock) and CDB.B (Class B Common Stock).
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. Look for us on the Internet at www.cbrands.com