USA: BevAccess.com Secures Funding From Kensington Value Fund, LLC

By Company Press Release | 25 August 2000

BevAccess.com has announced that Kensington Value Fund, LLC, the investment vehicle the Schwab family uses to support private companies, has invested an undisclosed amount in the company."BevAccess.com is ideally positioned as the leader in business-to-business e-commerce for the beverage alcohol industry," said Charles Schwab, Jr. Managing Member of Kensington Value Fund, LLC. "They have first mover advantage, key strategic partnerships and alliances and a skilled management team in place to revolutionize this sector." This investment is part of Kensington's ongoing strategy to target business-to-business e-commerce."BevAccess is well into its first year of conducting transactions on behalf of retail buyers in New York, New Jersey and placing advertising on behalf of wine, spirits and beer producers nationwide," said Greg Ahnert, co- founder of BevAccess.com. "We are committed to providing the best possible technology solutions and information services to maximize efficiencies in the supply chain, and we value the support Kensington has contributed to BevAccess' continuing national expansion."

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BevAccess.com has announced that Kensington Value Fund, LLC, the investment vehicle the Schwab family uses to support private companies, has invested an undisclosed amount in the company."BevAccess.com is ideally positioned as the leader in business-to-business e-commerce for the beverage alcohol industry," said Charles Schwab, Jr. Managing Member of Kensington Value Fund, LLC. "They have first mover advantage, key strategic partnerships and alliances and a skilled management team in place to revolutionize this sector." This investment is part of Kensington's ongoing strategy to target business-to-business e-commerce."BevAccess is well into its first year of conducting transactions on behalf of retail buyers in New York, New Jersey and placing advertising on behalf of wine, spirits and beer producers nationwide," said Greg Ahnert, co- founder of BevAccess.com. "We are committed to providing the best possible technology solutions and information services to maximize efficiencies in the supply chain, and we value the support Kensington has contributed to BevAccess' continuing national expansion."

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