AUSTIN, Feb 08, 2007 (M2 PRESSWIRE via COMTEX) -- A very interesting indicator
to look for is where the money is flowing into. We have a filter that we watch
every morning that shows us "Dollar Volume". Here are a few of these stocks:
stockwire.com .
Drinks Americas Holdings, Ltd. (OTCB DKAM) Wednesday's market went down 12.01%
to $2.93 per share, with a total of 812,109 shares traded. The company announced
that it has fully funded its marketing, sales and promotional program for its
product lines. The Company stated that it has completed an institutional private
placement of $8 million in common stock through Midtown Partners & Co., LLC,
with all details of the equity financing being contained in yesterday's filing
with the Securities and Exchange Commission on Form 8K which is available on
www.sec.gov. J. Patrick Kenny, CEO of Drinks Americas, stated, "This new capital
ensures that Drinks Americas is equipped to execute our business plan on an
accelerated basis and support and grow each of our icon brands. This equity
funding establishes a strong net worth and, together with our credit facilities
at BACC/Sovereign Bank, positions the Company to anticipate and meet product
demand, have substantial marketing resources, and provide for our corporate
working capital needs. Whether it be the continued rapid growth of our Trump
Super Premium Vodka or the anticipated re-launch of our newly acquired Rheingold
Beer, this capital assures the unfettered growth of our products and our
company."
Drinks Americas Holdings, Ltd. engages in the production, marketing, and
distribution of premium alcoholic and nonalcoholic beverages associated with
icon entertainers, sports figures, celebrities, and destinations to beverage
wholesalers in the United States. The company markets nine beverage brands,
including Old Whiskey River Bourbon, a small batch bourbon; Old Whiskey River
Bourbon Cream, a blend of dairy cream and bourbon; Cohete Rum, a sipping rum;
Aguila Tequila, a 100% tequiliana weber blue agave reposado tequila; Normans
Wines; Damiana, a Mexican liqueur; Y Sake; Swiss T, a ready to drink tea; and
Newman's Own Lightly Sparkling Fruit Juices, a natural juice product. Drinks
Americas was founded in 1986 and is based in Wilton, Connecticut. |
