Argentina News and Truffles

I’d hope everyone had a terrific Thanksgiving! This week I’d just like to share a few news articles with you that I feel are relevant to our projects in Argentina. The first is a Reuters article that predicts a growth in Argentinean tax revenues as a direct result of a forthcoming increase in tourism, which you can read about here: Link (On a similar topic, Reuters also reports that AMEX is expecting credit card spending to increases at least 10% next year as consumer activity rebounds.) You may remember our announcement not too long ago about the possibility of Algodon Wine Estates cultivating truffles. In addition to our unique vineyard or orchard estate homesites available for private development, we would also plant truffles on estate homesites that are suitable for their cultivation. So, I’m pleased to share this recent media mention of our vineyard estate in Luxury Travel Magazine. The article is headlined: “Indulge in Rare Truffles at the World's Most Exclusive Hotels”, and interestingly enough, Algodon Wine Estates is the only hotel mentioned that will cultivate and harvest truffles for use on its own properties; just one more extraordinary element that sets us apart from the rest. Incidentally, CNN has terrific piece on a North Carolina entrepreneur who is the first person to harvest and sell French black truffles on American soil. It can be a lucrative undertaking if done right. Here’s one more great reason to learn Spanish: The "TED Conference" goes to Buenos Aires in April. Catch it if you can. --Scott Mathis