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Drinks Americas (DKAM) Announces Finance and Credit Facility

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Speedster900   Monday, 04/06/09 12:45:18 PM
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Drinks Americas (DKAM) Announces Finance and Credit Facility with Premier Trade Solutions, Inc.

WILTON, Conn.--(BUSINESS WIRE)--Drinks Americas Holdings, Ltd. (OTC BB: DKAM - News), a leading owner, developer and marketer of global premium beverages, announced today that it has entered into an agreement with Premier Trade Solutions, Inc., for that company to provide working capital for up to $10 million through purchase order and receivable financing.

Patrick Kenny, Chairman and CEO of Drinks Americas, stated, "The working capital we receive through this agreement strengthens our ability to maintain inventories, increase production, and insure that our award-winning products quickly reach the market. In anticipation of our new product launches and the continued growth of our business, this is a very important step."

About Drinks Americas

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 & Sons and The Coca-Cola Company. He has also acted as advisor to several Fortune 500 beverage marketing companies, and has participated in several major beverage industry transactions.

Drinks Americas' portfolio of premium alcoholic beverages includes, Old Whiskey River Bourbon, Olifant Vodka, Kid Rock Beer, Trump Vodka and a selection of spirits brands in partnership with Interscope. The Company’s non-alcoholic brands include the distribution of Paul Newman's Own Lightly Sparkling Fruit Juice Drinks and Flavored Waters. Other products owned and distributed by Drinks Americas include award-winning Damiana Liqueur, Aguila Tequila, Cognac Leyrat and Rheingold Beer. Please visit their website at http://drinksamericas.com.



http://finance.yahoo.com/news/Drinks-Americas-Announces-bw-14855474.html


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