WILTON, Conn., March 28, 2012 /PRNewswire/ -- Drinks Americas Holdings, Ltd., ("Drinks") (OTCBB: DKAM), a leading developer and marketer of beverage products, announced today that it has commenced sales to the markets of Australia, New Zealand, The Philippines, Singapore, Malaysia, Micronesia, Guam, Taiwan, Australia and New Zealand for its award winning KAH ® Tequila.
The first container of KAH ® Tequila to Asia Pacific valued at over $185,000 has sold and has been shipped, and a second container has been placed on order. Drinks Americas recently expanded the sales of its products to Asia Pacific through Tequila Total / Liberty Lighthouse Group, LLC. The entire first container of Drinks Americas award winning KAH ® Tequila has been presold to these Asia Pacific markets.
In its most recent press release dated March 13, 2012, Drinks Americas announced that it had achieved profitability for the third quarter of 2012.
KAH ® Tequila recently received awards at The Ultimate Spirits Challenge held in New York City, as KAH ® Tequila Anejo received a score of 93, an " Excellent, Highly Recommended" accolade, and KAH ® Tequila Reposado 110 Proof scored 90, also with an accolade of " Excellent, Highly Recommended". KAH ® Tequila previously was voted "Best of the Best" by Tequila.net, received multiple awards for taste in all styles at the Spirits International Prestige Competition with KAH ® EXTRA ANEJO receiving the Platinum Award for Best in Class, and the KAH ® TEQUILA SERIES received Platinum Award for Best in Class for Package Design. In addition to those awards, The Spirits of Mexico Tasting Competition judged KAH ® Tequila Best of Category with a Gold Medal for KAH ® Anejo, a Gold Medal for KAH ® Blanco and a Bronze Medal KAH ® Reposado 110 Proof.About Drinks Americas Drinks Americas develops, owns, markets, and nationally distributes alcoholic premium beverages. In June, the Company entered into a licensing agreement with Worldwide Beverage Imports, LLC and is now selling and distributing KAH ® Tequila, Agave 99, Rio Bravo Beer, Crazy Pig Mexican Ale and Chili Devil Beer. The Company also markets Willie Nelson's Old Whiskey River Bourbon, Olifant Vodka, receives a royalty for Kid Rock's American Badass Beer and Damiana Mexican Liqueur, and owns and distributes Rheingold Beer. For further information, please visit our new websites at www.drinksamericas.com and www.rheingoldbrewingcompany.com. Safe HarborExcept for the historical information contained herein, the matters set forth in this release, including the description of the company and its product offerings, are forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the historical volatility and low trading volume of our stock, the risk and uncertainties inherent in the early stages of growth companies, the company's need to raise substantial additional capital to proceed with its business, risks associated with competitors, and other risks detailed from time to time in the company's most recent filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof. The company disclaims any intent or obligation to update these forward-looking statements.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts