Drinks Americas Holdings, Ltd. (DKAM)

[sneaky_peaky]

Transcript of Labatt and Wild Turkey purchase Q&A:

Caller: Hi Pat. I would like to say first of all congratulations on surviving this quarter while having to deal with the same credit limitations that the largest companies in the country and the world have had to deal with. And I appreciate mightily how you have set Drinks up to be lean and mean towards profitability in the coming growth in the next couple of quarters and beyond.

I have two questions. This is probably one of the greatest periods of consolidation we've ever seen in the beverage industry. Many opportunities out there for alot of different reasons of companies divesting and consolidating. In the wake of the InBev/Anheuser Busch merger one of the stipulations by the Dept. of Justice for that merger to go through was that InBev divest of the American portion of Labatts brewery. I heard from some sources that those proceedings are moving along towards a fairly swift conclusion. Is there any chance that Drinks might be one of the bidders in the mix there?

PK: Drinks wouldn't comment if it could or if it...we're not in a position to comment on that question whether we would be bidders or not bidders. We wouldn't offer comment. What I would generally say is that Drinks is in a position to be an acquirer for opportunities "generally like that" and in speculation in the press there's everything from parts of the major global companies up for sale in this economic environment through to something you just reviewed. So, Drinks obviously we have the management capacity; we have the ability to source capital to do transactions beyond well in advance of the size of the current company; and certainly has the management skill base with Jeff Daub, Fred Schulman, and Jason Lazo to "agressively" size up and move against any opportunities that do come on the market. We wouldn't comment on this particular question but we would point our shareholders to say that we believe we're positioned for growth both through internal brand development; growth of the brands we do have and acquisition both small and large. Olifant drew something that would be as big as something like what we're talking about. Drinks has the capacity to do that. We think that's a large part of the value. What was the other question?

Caller: Pat just one more quickie. Not sure whether you can comment or not. Another franchise that I have found out is available right now potentially would look awfully attractive in your product mix is Wild Turkey. Could you; would that be something you might be interested in?

PK: "Yeah"; I mean we consider The Turkey a qualified icon but you know again our formal position has to be no comment and any brands like that would ultimately be attractive to Drinks and within our capacity to move forward on given our access to equity with our partners; our investing partners. But, our official position obviously is no comment.


Now my friends. We have already highlighted that if PK's official position is "No Comment", then why all the talk about how these acquisitions could be done? Why did he immediately say "Yeah" to the Wild Turkey deal? That is the way you would respond to a situation you were familiar with. How would PK know that The Turkey was an attractive brand to Drinks without know ing the price tag already? And the biggest of all....

"given access to equity with our partners; our investing partners."

Since when have we had investing partners??

This Q&A was conducted just like a job interview and PK had some ears listening from big boy land. He wanted folks to know he has big deals without saying it. He wanted his Damiama contact from Mexico to call in as it will be a natural transition to blend Mesa in San Diego as Labatts leading distributor to our business in SA. He wanted that global touch on the call and the global reach of this company.