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Monday, October 12, 2009 4:50:59 PM
/ U.S.: Drinks Americas reported an increase of supply of strong alcohol
October 12, 2009, 11:49
Drinks Americas announced new orders from distributors of alcoholic beverages in the amount of 650 thousand dollars in the second quarter of the fiscal year ending October 31, 2009 The company plans to arrange delivery and get a larger portion of the revenues from these orders in the current period.
The results exclude the sale of beer brands of the company, such as BADASS Kid Rock. Last year, the sales value of hard drinks company for three months to October 31, 2008 amounted to 378 thousand dollars.
Drinks Americas Revenue increased due to the company's ability to use new sources of credit, in order to begin to rebuild reserves and take interest in brands such as vodka Olifant.
"Our orders for spirits, we are now processed, indicate that the business expanded by 75% before we began selling beer BADASS BEER. We expect that our reserves hard liquor and beer business expansion will have a positive impact in the coming quarters ", - said CEO Patrick Kenny.
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