Michael Mondavi Family Buy Carneros Creek Winery
                              The 
                                Michael Mondavi family has purchased 
                                the winery previously known as Carneros Creek 
                                Winery from Francis & Kathleen Mahoney. This 
                                will be the home for I'M, Oberon, and Hangtime 
                                wines. Mahoney will retain the Mahoney Vineyards 
                                and Fleur de California Brands, which will continue 
                                to be produced at the winery. 
                                
                                The winery was built in 1973 by Mahoney and Balfour 
                                Gibson and made Pinot Noir a benchmark for Carneros 
                                wines. The winery was expanded in 1999 and then 
                                in 2000 a visitors and administration building 
                                was added. 
                                
                                The Michael Mondavi Family will be working closely 
                                with Folio Fine Wine Partners, the marketing, 
                                sales, and distribution company that the family 
                                founded in 2004. "Francis has done a wonderful 
                                job creating a winemaker's winery", said 
                                Michael Mondavi, " so our objective is to 
                                produce great wines here and add our personal 
                                style while having fun in a business that we love". 
                                
                                
                                "We are fortunate to have made wine at the 
                                winery last harvest", said Rob Mondavi., 
                                "We are continually delighted with Francis's 
                                focus on ensuring that it is a modern and state 
                                -of-the-art winery, where we will continue to 
                                create world class wines , " he continued. 
                                
                                
                                "Our winery is located in the picturesque 
                                Los Carneros Appellation of Napa Valley", 
                                said Dina Mondavi. "We will continue the 
                                spirit of a small, family-owned and operated winery". 
                                
                                
                                Further details will be announced at the close 
                                of escrow. The purchase price was not announced. 
                                
                                
                                Michael, Isabel, Rob and Dina Mondavi 
                                
                                For more information, please contact: Lisa Maass 
                                707-256-2707