WhereDaily News: Metrospaces Announces Record Breaking Wine Harvesting Season With Guaranteed Sales of Approximately $250,000 in the Ikal Lodge and Winery Project
MIAMI, FL--(Marketwired - Feb 19, 2015) - Metrospaces, Inc. (OTC PINK: MSPC) announces record breaking wine harvesting season at the Ikal Lodge and Winery Mr. Silva, Metrospaces CEO stated: "This week ends with good news from Mendoza. Today we will begin wine harvesting season which will last through February and the first 2 weeks of March. So far, we can tell that we will have approximately 510,000Kgs of premium wine grapes, in comparison with last year's 360,000Kgs, a 40% increase year-over-year. We will keep approximately 20% of the production for our own Premium Malbec, Pinot Noir, Chardonnay and Sauvignon Blanc. The rest of the harvest will be delivered in the coming days to our clients Pernod Ricard and "Los Haroldos", a major local wine producer, which have bought our entire production. Deliveries are made on a daily basis, as it is necessary to deliver grapes as fast as possible to our clients' fermentation tanks. As per accounting rules, we will book revenue like we have done every year, April-May which is when invoices are sent out, and payments received. This will be consolidated for the first time under Metrospaces financials starting second quarter.
