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Drinks Americas Sells and Commences Shipment of $250,000 in Holiday Spirits Orders in First Month of Third Quarter
WILTON, Conn., Nov. 20 /PRNewswire/ -- Drinks Americas Holdings, Ltd. (OTC Bulletin Board: DKAM), a leading owner, developer and marketer of premium beverages associated with renowned icons, announced that it has sold and is shipping $250,000 of its spirits brands in the first month of the third quarter, getting off to a fast start for holiday business. Drinks Americas has successfully utilized its credit facilities now in place to commence rebuilding inventories. Old Whiskey River Bourbon, Olifant Vodka and Trump Super Premium Vodka orders are shipping nationally to distributors.
J. Patrick Kenny, CEO Drinks Americas, stated, "Our revenue will grow each quarter as we rebuild inventory. Getting off to a fast start with these three core products for the holiday quarter is a milestone in the company's forward progress. As revenue builds, we intend to continue to reduce our debt, strategically outsource and aggressively manage our overhead and build toward a profitable company."
About Drinks Americas Holdings, Ltd.
Drinks Americas develops, owns, markets, and nationally distributes alcoholic and non-alcoholic premium beverages associated with renowned icon celebrities. Drinks Americas' portfolio of premium alcoholic beverages includes Kid Rock's American BADASS Beer, Trump Super Premium Vodka, Olifant Vodka and Willie Nelson's Old Whiskey River Bourbon. The company also has a partnership with Universal Music's Interscope, Geffen, A&M Records to jointly develop and launch beverage products. Other products owned and distributed by Drinks Americas include award-winning Damiana Liqueur and Aguila Tequila from Mexico, and Rheingold Beer. For further information, please visit our website at www.drinksamericas.com.
Drinks Americas was founded in 2004 by J. Patrick Kenny, a leading expert in beverage sales and marketing. Mr. Kenny developed his industry expertise in a variety of management positions at the world's leading beverage companies, including Joseph E. Seagram and Sons and The Coca-Cola Company. He has also acted as advisor to several Fortune 500 beverage marketing companies, and has participated in several beverage industry transactions.
CONTACTS Drinks Americas, Inc. Charles Davidson, 203-762-7000 cdavidson@drinksamericas.com or CEO Cast Dan Schustack, 212-732-4300 dschustack@ceocast.com
To see press release go to http://myprgenie.com/3231
SOURCE Drinks Americas Holdings, Ltd.
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