In an increasingly globalized world, and with five generations of experience, the vineyards of Spain are no longer sufficient for our global strategy. In 2008, we launched a joint venture with the Liberman and Domenech families in a country with a long winemaking tradition and a very promising future. The Famatina Valley is the location of the most highly valued vineyards of the Argentinean Rioja province, in the country's Cuyo region. The valley, 1200 km from the city of Buenos Aires, lies between the Velasco and Famatina mountains. It is a very arid area (185 mm annual rainfall), with alluvial soil, at an altitude of between 2600 and 4500 meters above sea level. Of the estate's total area of 690 hectares (1725 acres), 150 hectares (375 acres) are currently planted with vineyards. The most typical varieties are Torrontes for white wine, and Malbec, Bonarda, Cabernet Sauvignon and Syrah for red. All of these varieties go to make our HUALA ("Immensity") label, a selection of varietal wines to be enjoyed anytime and on any occasion.