Press Release - Frequently asked questions

For Customers and Suppliers

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Will I still be able to buy wine through www.vinfolio.com?

Yes. While you may have noticed small changes to the look and feel of our site, the Vinfolio wine store, Marketplace and flash sales are all open for business at vinfolio.com

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I bought wine on pre-arrival from the predecessor company. How will the new Vinfolio handle my order?

Though not legally obligated to do so, new Vinfolio is committed to a fair and timely fulfillment of all pre-arrival orders made with the predecessor company. If for any reason we are unable to complete your order(s), we will provide you with an online Vinfolio wine store coupon for the same dollar amount. All customers with pre-arrivals will be receiving an email specifically addressing their order(s). We appreciate your continued patience as we work through this process.

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What will happen to store credits I had with the predecessor company?

If you had a store credit with the predecessor company, the new Vinfolio will issue you an online Vinfolio wine store coupon of the same dollar value which you can use to buy wine from Vinfolio through Dec 31, 2010.

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Is my storage wine safe? Is the new Vinfolio still in the wine storage business?

Yes, your storage wine is safe and remains in our climate-controlled, secure warehouse. There are over 400,000 bottles currently in Vinfolio storage; this remains one of our core services.

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How can I be confident in selling wine through the new Vinfolio in the future?

Since January 2010, all funds received for sales of Marketplace and Fixed-Price Auction sales have been held in segregated accounts through which suppliers are paid. The new Vinfolio will continue this practice.

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Will wine suppliers to the predecessor company be paid? If so, how and when?

While the new Vinfolio has not assumed and is not responsible for the liabilities of the predecessor company, the new Vinfolio has indicated its intent to resolve any legitimate claims of Vinfolio's community of wine suppliers over time as prudent financial management and cash flow permits. More specifically, VF Wine's investors have committed not to take any profit distribution, fee, dividend or other return of capital until wine suppliers' legitimate claims are addressed. The timeframe for such resolutions cannot be determined but will likely extend through 2011 and 2012. The new Vinfolio will be contacting each supplier individually to explain next steps.

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Who do I contact with any questions or requests regarding buying, selling or storing wine?

About VF Wine, Inc.

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Who is VF Wine, Inc.?

VF Wine, Inc. is a wholly owned subsidiary of R.S.T., Inc.

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Who is R.S.T.?

R.S.T., Inc. is a Delaware corporation which is the secured creditor of Vinfolio, Inc.

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Why is VF Wine, Inc. acquiring the assets of the predecessor company?

VF Wine, Inc. believes that Vinfolio fills a unique and important role in the fine wine community and believes that continuing the business is preferable to a liquidation for all stakeholders.

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What is VF Wine, Inc.'s role in the new Vinfolio?

VF Wine, Inc. is the owner of new Vinfolio. It does not have a day-to-day management role. That responsibility will be in the hands of a new CEO to be announced in the coming weeks.

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How has the new Vinfolio been funded?

R.S.T. has provided the equity capital for the company. VF Wine Inc., the new Vinfolio, has no debt.

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Who are the people involved in R.S.T.?

Jon Moramarco is a principal investor in R.S.T. Other funders include N. Colin Lind and Jean-Michel Valette.


About the Assignment Process

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Why did the Assignment for the Benefit of Creditors take so long?

On January 15th, Vinfolio, Inc. assigned its assets and liabilities to Vinfolio (assignment for the benefit of creditors), LCC, ("the Assignee") to sell the assets of the business for the benefit of creditors. These processes take time, as the Assignee needed to broadly market the assets, solicit expressions of interest from many parties and undertake negotiations to sell those assets. For further information on the Assignment process, please contact:

Vinfolio (Assignment for the Benefit of the Creditors), LLC
P.O.Box 391600
Mountain View, CA 94039-1600
Attn: Proof of Claims
650-329-9996 Telephone
650-938-0980 Fax

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