Young's Market Company Announces Executive Changes

Young's Market Company announced today that Chris Underwood, the CEO of Young's Market Company, will be taking full responsibility for sales. In a written statement, Mr. Underwood, stated:, "As CEO, oversight of Young's Market Company's sales will be my principal focus moving forward. I will also assume the position of interim President of Young's Market Company's California operations."

Mr. Underwood continued. "John Klein will continue reporting to me as the President of Young's Market Company, LLC and he will assume the position of Chief Operating Officer as well. In this new capacity John will devote more of his time to performing a number of critical functions for the Company. Some of those functions, such as supplier relations and corporate and strategic planning, are currently a part of John's job responsibilities. In addition, John will continue to serve on the Board of Managers of the Company's affiliates in the Pacific Northwest. Among his new responsibilities will be the oversight and supervision of the Company's warehousing and logistics, internal operations, information technology, and legal and political initiatives.

John will also assist in the oversight of Young's Holdings, Inc.'s assets, including Wilson Daniels, Ltd., Infinium Spirits, and the Company's substantial real estate holdings. We believe that John is perhaps the most knowledgeable and well versed beverage alcohol executive in the industry. He has spent his entire career in the wine and spirits business, working for suppliers and distributors in a variety of sales, logistics and information technology functions. Young's Market Company is truly fortunate to have his talent and experience to draw upon as we move forward," Mr. Underwood concluded.

Mr. Klein stated: "I am honored by the confidence the Underwood Family has in me. The Company has afforded me many opportunities and challenges over the past 14 years. I am certain that those opportunities and challenges will continue to exist, and I am confident that I will be up to meeting them."

About Young's Market Company: Young's Market Company is one of the nation's largest distributors of fine wines and spirits with operations in California, Hawaii, Arizona, Oregon, Washington, Alaska, Idaho, Utah, Montana and Wyoming.

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