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J ANU AR Y NEWS NA VIGA TION Properties owned by Keith and Lynn Holman, including Lang Vineyards, are scheduled to be sold in February. B.C. Winery Group Is Foreclosed Holman Lang properties will be auctioned P enticton, B.C.—An ambitious venture that had set its sights on becoming the largest group of estate wineries in British Columbia is now in receivership. The B.C. Supreme Court appointed Wol- rige Mahon Ltd., Vancouver, as receiver manager for operations and assets of Pen- ticton's Keith and Lynn Holman, Holman Farms and five other companies includ- ing Holman Lang Wineries Ltd. and Lang Vineyards Ltd. "Every single property that the Holmans own related to wine is being foreclosed or has been foreclosed," Michael Cheevers, Wolrige Mahon president, told Wines & Vines. Receivership came at the request of BMO Bank of Montreal, the group's chief finan- cier and one of 11 secured creditors. Court filings indicate that BMO is owed $15.1 million (all amounts in Canadian dollars). An additional $1.75 million is owed to a diverse group of 77 unsecured creditors. The group's debts are just short of $16.9 winesandvines.com Learn more: Search keywords "British Columbia." million; its assets are valued at $22.7 mil- lion, including approximately $20 million in property and $1.3 million in inventory. Wolrige Mahon has set a deadline of Jan. 28 for final offers on the assets and will accept or reject offers by Feb. 9. Sales will close five days later. —Peter Mitham The original, BOTTLE-MATIC-II 3 YEAR WARRANTY INCLUDED Front and Back! $1700 for Wines & Vines Readers! Front & Back! Label any cylindrical container fast and accurately from ½" to 21 day trial MADE IN USA! DISPENSA-MATIC Label Dispensers 8" diameter, @ Speeds of 1200 Pcs. per hour. NOT A CHEAP, IMPORTED KNOCK-OFF! QSEE US AT UNIFIED, BOOTH #2621 Wines & Vines JAnUARY 2011 17 Wasting Time Labeling by Hand! STOP FAX:(573) 392-1757; E-mail: info@dispensamatic.com Web: http://www.bottle-labeler.com 28220 Playmor Beach Rd, Rocky Mount, MO 65072 Call Toll Free: 1 (800) 325-7303 or (573) 392-7684 Price subject to change without notice. 2/01/10 MAGALIE L'ABBÉ