Fresh Vine Wine Inc. announced that its board of directors has initiated an exploration of strategic opportunities by way of merger, acquisition, or any accretive strategic transaction to enhance shareholder value. ?We believe it?s in the best interest of our shareholders to investigate a range of strategic alternatives. As we navigate this process, we will do our best to keep shareholders apprised to the best of our ability,?

said Mike Pruitt, Interim Chief Executive Officer. There can be no assurance that this process will result in the company pursuing a particular transaction or other strategic outcome. Fresh Vine Wine has not set a timetable for completion of this process.

Fresh Vine Wine has engaged its Investment Banker Oak Ridge Financial to lead the process of sourcing and vetting opportunities, Oakridge Financial is currently acting as the exclusive banker for this transaction and all inquiries should be directed to Oakridge Financial.