The AWX is creating a capital market for the wine industry by being the Issuer of tradeable securities for premium wine labels proposed to be listed on the Stock Exchange of Newcastle.
The market will enable premium wine producers to access capital presently tied up in inventory working capital and to build brand visibility by offering initial public offers (IPO's) of pre-release premium wine to the client bases of stockbrokers. The IPO will be in the form a wine security.
Toll Technologies CEO, Mark Rowsthorn said, "Through the AWX, Toll has built relationships with other leading organisations, including Commonwealth Securities, and has validated its strategy of selective investment in businesses that leverageToll's ability to offer specialised solutions."
"Providing innovative fulfilment services to the AWX is part of our plan to enhance our position as the leading supplier of logistics services in the Beverages sector", Mark Rowsthorn said.
Toll will perform the AWX services within its Logistics Division's newly created Wine Services business.
