updated 2/21/2011 10:17:04 AM ET 2011-02-21T15:17:04

LOS ANGELES, Feb. 21, 2011 (GLOBE NEWSWIRE) -- EquityNet Research, an independent West Coast equity research firm based in Los Angeles, announced today that it has initiated research coverage on Davi Luxury Brand Group, Inc. (OTCBB:MDAV).

A full copy of the report and disclosure requirements are available at EquityNet Research's website: www.equitynet.net

Davi Luxury Brand Group, Inc., through its wholly-owned subsidiary, Davi Skin, is licensing, developing and marketing a line of luxury skincare products founded by Carlo Mondavi, grandson of American winemaking icon Robert Mondavi, using the powerful, natural antioxidants found in wine and grapes.

Randy Lewis, CFA, Founder and Senior Analyst with EquityNet who is covering the Company, stated, "The Mondavi name lends a significant competitive advantage to this type of product, one certainly not enjoyed by new market entrants. Within the world of cosmetics, skincare is clearly the star, accounting for a 23% market share. In the U.S., skincare is expected to swell by $264 million from 2009–2014, largely driven by nourishers/antiagers. While many subcategories, like body moisturizers and facial cleansers, have reached maturity and are expected to see sales growth slow or even decline, the nourishers/antiagers category shows no signs of slowing down."

About EquityNet Research

EquityNet Research was formed to provide the investing public with professional, independent, objective research on under-followed public companies. It does this by preparing detailed reports that highlight the key aspects of each company and its industry. EquityNet strictly maintains independence and objectivity according to the Standards of Professional Conduct of the CFA Institute (CFAI), and though is compensated for performing due diligence and creating reports, thus keeping its research free to the public, does not have extraneous relationships with its followed-companies nor has any present or future pecuniary benefit other than that disclosed for each company on its website. EquityNet was compensated $12,500 by the subject company for the preparation of the MDAV report. EquityNet is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. 

The EquityNet Research logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7585

CONTACT: EquityNet Research
         Randy Lewis, CFA, MBA, Senior Analyst

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