FOR IMMEDIATE RELEASE Contact: Randy Pace (805) 686 9400 Alan Phillips Joins Terravant as Director of Winemaking New Custom Crush Facility secures Premiere Winemaker Buellton, CA, January 23, 2008 – Terravant Wine Company, the new alternating premise and custom crush winery in Buellton CA., is pleased to announce the addition of Alan Phillips as the Director of Winemaking for all production services. Alan joins the team to head-up the service oriented facility which is specifically designed to suit the needs of small and large ultra-premium wine producers who require a broad availability of services at a single location. Alan comes to Terravant with over 30 years of experience in all aspects of the wine business. Most recently he was the General Manager at Foley Estates Winery where he developed the business and crafted award winning wines for more than a decade. His prior experience encompassed almost 20 years in Napa Valley where he spent 10 years at Monticello Cellars, a premier producer of Cabernet and Chardonnay. In 1981, Alan had graduated from UC Davis with Honors with a BS in Enology. While at Monticello, Alan developed a following of small wine producers who needed a high quality facility to make their wines. Says Alan “we had a beautiful new winery and more space than we needed so we thought let’s share it with others who also wanted to make great wines.” That led to a custom crush arrangement that by 1988 was helping over 70 clients crush, produce, and bottle their individual wines. “It was a great experience to be able to work with many different winemakers and collaborate on making so many types and styles of wine. Every harvest was an opportunity to learn something new.” In 1988 the lure of Santa Barbara brought Alan to the Central Coast where he spent the past 10 years crafting wines at Foley & Lincourt Wineries. “I had an amazing opportunity to build something literally from the ground up” says Alan. Foley & Lincourt Wines continue to receive high acclaim, earning top scores from critics and a loyal following of wine consumers. In the fall of 2007, Alan crossed paths with Randy Pace, a friend from Napa Valley who had relocated to Santa Barbara, and was currently in the process of developing a new facility for AP and custom crush called Terravant Wine Company. As Terravant's General Manager, Pace commented “We needed a winemaker who matched the caliber of our facility, has experience with custom crush and of course has intimate local knowledge. I am thrilled Alan has joined our team.” Terravant is specifically designed to serve the needs of small, ultra-premium producers. From grape delivery to bottling, Terravant will meet the needs of the most discerning winemaker. State of the art equipment includes multiple crushing and pressing options, fully jacketed tanks with warm and cold control, multiple filtration options, and alcohol and VA reductions. A full array of bottling, storage and fulfillment services are also available. Says Alan “This is the best equipped and designed winery in California. I can’t think of a service we can’t supply.” Terravant Wine Company will open for production in spring of 2008 and is currently providing case good and barrel storage and other services at their facility located at 70 Industrial Way, Buellton Ca. Reservations for winemaking space are currently being made for crush of 2008. Terravant Wine Company provides an end-to-end solution for winemakers from grape sourcing and crush to long-term storage and bottling. Currently the company operates a refrigerated bonded barrel and case good storage facility and will open the new facility this spring. Industry veteran Randy Pace is a principal and General Manager. Terravant Wine Company is a sister company of the Fortune Financial group of companies, founded by Fred Kayne and Associates. Lew Eisaguirre is the local representative of the firm and will serve as a Managing Partner to the Company. Fortune Financial has been a principal investor and exercised management control in a wide variety of business ventures focused mostly in retail and manufacturing. Currently Fortune Financial oversees eight (8) operating companies which it founded including Fortune Fashions, Big Dog Holdings, Paige Premium Denim, Fortune Swimwear, The Walking Company, Visionaire Lighting, Cottonsmith, and Terravant Land Company. Combined revenues of these sister companies exceeds $600 million annually with over 3,000 employees. Industry veteran Randy Pace has over 30 years wine production experience including a 19 year stint at Stag’s Leap Wine Cellars as Chief Operations Officer and 3 years at Bridlewood Estate Winery as General Manger. Mr. Pace has a Masters in Business Administration from Humboldt State University and was the Interim Director at Allan Hancock College for the Viticulture and Enology Department. Mr. Pace also has extensive experience in wine brand marketing as a wine retail buyer. Lew Eisaguirre has 27 years experience as a Business Consultant, Manager and Executive with a wide range of entrepreneurial undertakings including as a founder of IndeNet (NASDAQ: INDE) and a variety of technology, software and real estate ventures. Previously, Mr. Eisaguirre was a consultant with Price Waterhouse and graduated from Colorado College with a degree in Business and an MBA from University of Alaska.