ECGI's 2024 Letter to
Shareholders: New Leadership, A New Vision, and the Extraordinary
Opportunity in Targeted Luxury Goods
LOS ANGELES, CA -- January 16, 2024 -- InvestorsHub NewsWire --
ECGI HOLDINGS INC. (OTC:
ECGI) (ECGI or the Company), a diversified holding company with
a distinctive portfolio encompassing viticulture and luxury
fashion, is pleased to provide the following Letter to Shareholders
from the Company's Chief Executive Officer:
Dear Valued Shareholder,
First of all, allow me to express my own personal gratitude, as
well as the gratitude of our entire team here at ECGI, for your
continued support and patience as we navigate the Company toward a
leadership position in the luxury goods marketplace.
As we step into 2024, ECGI Holdings embraces the new year with a
focus on innovation, excellence, and forward-thinking. This is a
time of fresh beginnings and exciting opportunities—a period where
our commitment to pushing the boundaries of performance and
execution becomes our guiding light. We head into this year with a
rejuvenated dedication to delivering exceptional results and
fostering growth in our core strategic objectives, and to the
aggressive pursuit of new opportunities aligned with our
vision.
2023 was a pivotal year for ECGI Holdings, marked by a change in
leadership and a new direction for the Company. Under my guidance,
we have embarked on an ambitious new vision and strategic
direction: to build and nurture luxury brands that resonate with
our core values and market aspirations. And we have already made
substantial strides toward realizing that vision.
One of the transformative highlights of 2023 was our definitive
agreement with Pacific
Saddlery. This joint venture epitomizes our strategic shift
toward luxury branding, leveraging Pacific Saddlery's tangible and
established market presence in equestrian products. This
collaboration represents a significant step in realizing our vision
of creating and elevating luxury brands with a focus on quality,
exclusivity, and an unparalleled consumer experience.
Pacific Saddlery's CEO, Nick Collins, brings over 25 years of
expertise in equestrian luxury goods. He previously founded Rolling
Meadows, created the Allon and Renard et Cheval equestrian brands,
and was instrumental in creating and launching Kaval.com.
This transition will also allow the Company to explore new pathways
to monetize our underutilized assets, including equipment acquired
from East West Farma Group and our captivating five-acre Petite
Sirah vineyard, with its aged roots planted in the mineral-rich
volcanic soil of Lake County, California.
In short, 2023 closed with a sense of accomplishment and an
energized outlook toward a future that holds immense potential and
exciting opportunities.
The global landscape for luxury brands, especially in the realms of
apparel and leather goods, shows great promise, with projections
calling for an expansion to approximately $1.5 trillion in global
sales, signaling a sea of opportunities for brands poised to
capitalize on this growth. The steady expansion in the luxury goods
market, spurred by rising disposable incomes and evolving fashion
trends, underscores the vast untapped potential we are now
targeting.
With this strategic pivot, we aren't merely expanding. We are
redefining our brand identity. Through our ventures, including our
joint venture with Pacific Saddlery, we are carving a niche in the
luxury brands space, ensuring that our products and services are
synonymous with quality, elegance, and an unrivaled value
proposition for end users in this rapidly growing market space.
In line with this mission, ECGI Holdings is proud to announce today
a new and significant milestone: We have been approved by Evolve—a
distinguished name in vacation rental management. This partnership
will transform our 40-acre Lake County, California, property into a
luxurious short-term rental destination aptly named Vintner's
Caldera Ranch.
This development marks a significant step in advancing our strategy
to revitalize and leverage our underutilized assets. Vintner's
Caldera Ranch is set against the backdrop of Lake County's
breathtaking scenery, offering an exclusive getaway experience that
blends natural beauty with luxury.
Choosing Evolve is a strategic move to ensure that Vintner's
Caldera Ranch not only meets but exceeds the high standards of
service and luxury our guests expect. Evolve's expertise in
maximizing rental potential and delivering exceptional guest
experiences is crucial to our vision of making Vintner's Caldera
Ranch a preferred choice for discerning travelers.
This initiative is a testament to our innovative approach to
realizing the value of our assets—a pivotal step toward
diversifying and strengthening our portfolio. With this venture, we
are not only expanding ECGI Holdings' footprint within the luxury
rental marketplace but also contributing to the local economy and
enhancing the appeal of Lake County as a tourist destination. We
are excited about the possibilities that Vintner's Caldera Ranch
creates for our shareholders and look forward to further
developments poised to unlock the value of our other underutilized
assets.
As we look forward to the new year, ECGI Holdings' strategic goals
are focused on innovation, expansion, and maximizing shareholder
value. A key highlight of our future outlook is the debut of
Pacific Saddlery's new mobile retail boutique at the prestigious
Desert International Horse Park's Desert Circuit event later this
month.
This innovative venture represents a significant step in our
strategy to enhance brand visibility and engage directly with our
target market. The mobile boutique concept is a testament to our
commitment to bringing our luxury equestrian products closer to
enthusiasts and professionals alike. The Desert Circuit event,
renowned for its prominence in the equestrian world, serves as the
perfect platform for this launch, aligning with our vision to be at
the forefront of luxury equestrian experiences.
Beyond specific events, we are dedicated to pursuing ventures that
contribute to a steady increase in shareholder value. This includes
exploring new markets, innovating within our product offerings, and
optimizing our operational efficiencies.
Our focus remains steadfast on strategic growth, operational
excellence, and customer satisfaction. By adhering to these
principles, we believe that ECGI Holdings will lay a solid
foundation for sustained success and profitability in the years to
come. That focus is firmly rooted in a strategic context that holds
enormous financial opportunities for sustained growth with
asymmetric payoff potential. We believe we have the right team and
the right partnership ecosystem already in place to aggressively
capitalize on these opportunities, and we are committed to building
on this edge over coming quarters.
In conclusion, the wheels are turning. We have a potent vision, and
we have put in place the building blocks to bring that vision to
fruition. We also value our shareholders immensely and will place a
high priority on keeping you informed and engaged as we embark on
this exciting journey into 2024 and beyond.
Best Regards,
Jamie Steigerwald
CEO, ECGI
Holdings, Inc.
About ECGI
ECGI is a diversified holding company with a distinctive portfolio
encompassing viticulture and luxury fashion. The Company owns and
manages a five-acre vineyard in Lake County, California,
specializing in cultivating Petite Sirah, known for its bold and
rich character, aligns with the growing demand for unique and
high-quality wine experiences. In the fashion sector, ECGI has
strategically invested in Pacific Saddlery, a premier manufacturer
and retailer of luxury equestrian tack, apparel, and accessories.
This unique blend of wine and fashion investments reflects ECGI
Holdings' commitment to delivering sophistication and innovation
across diverse markets, positioning the Company as a distinctive
player in the intersection of technology, viticulture, and luxury
lifestyle.
For additional information, please contact us at info@ecgiholdings.com.
Forward-Looking
Statements
This release contains
"forward-looking statements" within the meaning of the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Forward-looking statements also may be included in other
publicly available documents issued by the Company and in oral
statements made by our officers and representatives from time to
time. These forward-looking statements are intended to provide
management's current expectations or plans for our future operating
and financial performance, based on assumptions currently believed
to be valid. They can be identified by the use of words such as
"anticipate," "intend," "plan," "goal," "seek," "believe,"
"project," "estimate," "expect," "strategy," "future," "likely,"
"may," "should," "would," "could," "will" and other words of
similar meaning in connection with a discussion of future operating
or financial performance. Examples of forward-looking statements
include, among others, statements relating to future sales,
earnings, cash flows, results of operations, uses of cash and other
measures of financial performance.
Because forward-looking statements
relate to the future, they are subject to inherent risks,
uncertainties and other factors that may cause the Company's actual
results and financial condition to differ materially from those
expressed or implied in the forward-looking statements. Such risks,
uncertainties and other factors include, among others such as, but
not limited to, economic conditions, changes in the laws or
regulations, demand for products and services of the Company, the
effects of competition and other factors that could cause actual
results to differ materially from those projected or represented in
the forward-looking statements. Any forward-looking information
provided in this release should be considered with these factors in
mind. We assume no obligation to update any forward-looking
statements contained in this report.
For more information, please
contact:
Jamie Steigerwald
jamie@ecgiholdings.com
SOURCE: ECGI HOLDINGS, INC.
