Comments on: New Vine assets set for Tuesday sale http://www.northbaybusinessjournal.com/11597/new-vine-assets-set-for-july-14-foreclosure-sale/ Thu, 09 Feb 2012 03:33:25 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: John http://www.northbaybusinessjournal.com/11597/new-vine-assets-set-for-july-14-foreclosure-sale/comment-page-1/#comment-129 John Tue, 14 Jul 2009 18:52:12 +0000 http://www.northbaybusinessjournal.com/?p=11597#comment-129 My company can handle a large number of order fufillment. I run a few internet retailing websites that has been shipping for over 10 years. I would be happy to discuss options with anyone interested. I can be reached via email John@finewinehouse.com. My company can handle a large number of order fufillment. I run a few internet retailing websites that has been shipping for over 10 years. I would be happy to discuss options with anyone interested. I can be reached via email John@finewinehouse.com.

]]> By: Jeff Quackenbush, Business Journal Staff Reporter http://www.northbaybusinessjournal.com/11597/new-vine-assets-set-for-july-14-foreclosure-sale/comment-page-1/#comment-126 Jeff Quackenbush, Business Journal Staff Reporter Tue, 14 Jul 2009 02:51:23 +0000 http://www.northbaybusinessjournal.com/?p=11597#comment-126 In early June, Inertia Beverage Group stepped in to acquire Silicon Valley Bank's position as senior lender to New Vine to prevent a permanent shutdown and liquidation of the company to pay off financing. As we've seen with residential real estate, a lender has the option of foreclosing on collateral securing the loan for the lender's benefit and that of any secondary lenders, which in New Vine's case is Montage Capital LLC. Some speculate Inertia at the foreclosure sale tomorrow will place a bid to acquire New Vine and incorporate it into Inertia's existing direct-to-consumer and direct-to-trade order-fulfillment systems. In early June, Inertia Beverage Group stepped in to acquire Silicon Valley Bank’s position as senior lender to New Vine to prevent a permanent shutdown and liquidation of the company to pay off financing. As we’ve seen with residential real estate, a lender has the option of foreclosing on collateral securing the loan for the lender’s benefit and that of any secondary lenders, which in New Vine’s case is Montage Capital LLC. Some speculate Inertia at the foreclosure sale tomorrow will place a bid to acquire New Vine and incorporate it into Inertia’s existing direct-to-consumer and direct-to-trade order-fulfillment systems.

]]> By: New Vine Customer http://www.northbaybusinessjournal.com/11597/new-vine-assets-set-for-july-14-foreclosure-sale/comment-page-1/#comment-125 New Vine Customer Tue, 14 Jul 2009 01:36:09 +0000 http://www.northbaybusinessjournal.com/?p=11597#comment-125 I represent a third party wine club that uses NVL. I have to admit that I am having a difficult time understanding this auction. The above list of goods being auctioned off makes it sound like the NVL warehouse and offices are being stripped down to the studs. The only missing auction items are wall fixtures and the kitchen sink. Ms. Hoertkorn's statement above, “Upon the conclusion of the foreclosure process, it is our goal that New Vine’s services will continue to be provided in the manner to which our customers have been accustomed," makes it sound like it's business as usual regardless of the auction. My account manager at NVL tells me that NVL will operate for me "long term" and I need not worry. Well....I am worried. Particularly because I have no reason to trust anything NVL and Ms. Hoertkorn tell me and "business as usual" for them means horrid customer service. But I'm stuck. NVL offers me the only model in town that works for a third party wine club like mine. Are you able to put this auction in laymen's terms for me so that I feel a little more equipped to re-tell it's significance and just exactly why my wine club should feel secure with NVL at this point? The catch for me remains; feeling secure with NVL or not...they're the only gig in town that does what it does for 3rd parties. I'm afraid that I will be out of the wine club business in a few more weeks. I represent a third party wine club that uses NVL. I have to admit that I am having a difficult time understanding this auction. The above list of goods being auctioned off makes it sound like the NVL warehouse and offices are being stripped down to the studs. The only missing auction items are wall fixtures and the kitchen sink. Ms. Hoertkorn’s statement above, “Upon the conclusion of the foreclosure process, it is our goal that New Vine’s services will continue to be provided in the manner to which our customers have been accustomed,” makes it sound like it’s business as usual regardless of the auction. My account manager at NVL tells me that NVL will operate for me “long term” and I need not worry. Well….I am worried. Particularly because I have no reason to trust anything NVL and Ms. Hoertkorn tell me and “business as usual” for them means horrid customer service. But I’m stuck. NVL offers me the only model in town that works for a third party wine club like mine.

Are you able to put this auction in laymen’s terms for me so that I feel a little more equipped to re-tell it’s significance and just exactly why my wine club should feel secure with NVL at this point? The catch for me remains; feeling secure with NVL or not…they’re the only gig in town that does what it does for 3rd parties. I’m afraid that I will be out of the wine club business in a few more weeks.

]]> By: The Daily Grapevine – News | WineFoot.com http://www.northbaybusinessjournal.com/11597/new-vine-assets-set-for-july-14-foreclosure-sale/comment-page-1/#comment-124 The Daily Grapevine – News | WineFoot.com Mon, 13 Jul 2009 23:48:20 +0000 http://www.northbaybusinessjournal.com/?p=11597#comment-124 [...] New Vine assets set for Tuesday sale [...] [...] New Vine assets set for Tuesday sale [...]

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