Drinks Americas Expands Portfolio Russian Sales Accelerate
March 13 2008 - 7:34AM
Marketwired
WILTON, CT (the "Company"), a leading owner, developer and
marketer of premium beverages, today announced today the long
awaited shipment and commencement of sales of its line of Trump
Premium Flavored Vodkas, and the forward progress of orders for
shipments of Trump Super Premium Vodka to Russia.
The line of Trump Premium Flavored Vodkas, crafted at the
Wanders Distillery in Holland, is comprised of Trump Premium
Citron, Grape, Orange, and Raspberry, distilled with all natural
fruit flavors combined with the award-winning Trump Super Premium
Vodka.
The Company has been accumulating orders for several months for
thousands of cases of the flavored vodkas, but issues concerning
selection of only the very best premium natural flavors had delayed
production and shipment. Over 5,000 cases of Trump Premium Flavored
Vodkas have been produced and will arrive next week for
distribution in New York, New Jersey, Maryland, District of
Colombia and Kentucky. Further orders are expected to be received
when the product is unveiled at the upcoming Wine and Spirits
Wholesalers Convention in Las Vegas in April.
J. Patrick Kenny, the CEO of the Company, said, "We have been
anxiously awaiting the addition of Trump Premium Flavored Vodkas to
our line of products. This will enhance and expand our shelf
presence in bars and liquor stores, add revenue, and leverage the
success we have had to date with award-winning Trump Super Premium
Vodka. We are very happy with the great interest in this new line
by retailers and our domestic and international distributors, and
look forward to an accelerated rate of orders now that deliveries
can be made."
The Company also announced that it expects to ship several
orders to Russia as the logistical issues that have caused recent
delays in the shipment of Trump Super Premium Vodka to Russia have
been resolved. Production pursuant to two orders for 4,000 cases
each from Recolte, the Company's distributor in Russia, is now
moving forward, with shipment pending the receipt of mandatory tax
stamps from Russian import authorities. The Company highlighted the
fact that its agreement with Recolte involves full payment for all
goods in advance of shipping.
Patrick Kenny said, "As we work through our fourth fiscal
quarter, we are encouraged to see the fruits of our intense labor.
While shipments of our flavored vodkas and fulfillment of our
projected orders from Russia were delayed last quarter, we now see
that our work is on track to yield significant long term results.
We are very satisfied and encouraged by the work done by Recolte in
Russia to pre-sell Trump Super Premium Vodka, and are excited about
the prospect of expanding our relationship with Recolte to include
our upcoming cognac product with Dr. Dre. This anticipated cognac
launch is to be the first of several projected products with Dr.
Dre, and the Dr. Dre partnership is only the first transaction
arising out of our partnership with Interscope Geffen A&M. It
is no wonder that our board and our employees are extremely excited
about our Company's prospects over the coming year."
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 Donald Trump's
award winning Trump Super Premium Vodka and Willie Nelson's Old
Whiskey River Bourbon. The Company's non-alcoholic brands include
the distribution of Paul Newman's Own Lightly Sparkling Fruit Juice
Drinks and Flavored Waters. Drinks Americas recently formed a joint
venture with Universal Music's Interscope, Geffen, A&M Records
to develop and market beverage products.
Other products owned and distributed by Drinks Americas include
award-winning Damiana Liqueur and Aguila Tequila from Mexico,
Cohete Rum Guarana from Panama, and Rheingold Beer. Damiana, Old
Whiskey River, Aguila Tequila and Cohete Rum are Gold and Silver
Medal award winners respectively from the International Beverage
Tasting Institute and the San Francisco International Wine and
Spirits Competition. For further information, please visit our
website at www.drinksamericas.com.
Safe Harbor
Except for the historical information contained herein, the
matters set forth in this press 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.
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Public Relations Contact: Adam Schiff Dan Klores Communications,
Inc. 212-981-5216 Email Contact Investor Relations Contact: David
Elias DME Capital, LLC 516-967-0205 Email Contact
www.DrinksAmericas.com
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