Fresh Vine Wine Inc Says Damian Novak Agreed To Resign As Executive Chairman

Fresh Vine Wine Inc VINE:

• FRESH VINE WINE INC - DAMIAN NOVAK AGREED TO RESIGN AS EXECUTIVE CHAIRMAN, REMOVE HIMSELF FROM HIS MANAGEMENT DUTIES WITH COMPANY BY FEBRUARY 20, 2023

• FRESH VINE WINE INC - DAMIAN NOVAK AGREED TO RESIGN FROM BOARD AFTER COMPLETION OF PENDING CAPITAL RAISING EFFORTS

• FRESH VINE WINE INC - ENTERED INTO A GLOBAL MUTUAL COMPROMISE, RELEASE AND SETTLEMENT AGREEMENT AMONG MS. ANDERSON AND EACH OF NOVAK AND NECHIO

• FRESH VINE WINE INC - PURSUANT TO AGREEMENT, RICK NECHIO, CO'S INTERIM CEO AND A MEMBER OF THE BOARD, HAS AGREED TO RESIGN FROM THE BOARD BY FEB 20

• FRESH VINE WINE INC - NECHIO CONTINUES TO SERVE AS INTERIM CEO OF CO WHILE CO CONTINUES TO SEARCH FOR A PERMANENT PRINCIPAL EXECUTIVE OFFICER