Drinks Americas Reports 330% Revenue Growth in the Second Quarter Fiscal 2007
Friday December 22, 7:01 am ET
Ships $2 Million of Trump Super Premium Vodka Orders in October and Provides Sales Guidance for 12-Month Period
WILTON, CT--(MARKET WIRE)--Dec 22, 2006 -- Drinks Americas Holdings, Ltd. (OTC BB:DKAM.OB - News), a developer and marketer of premium beverages associated with renowned icons, reported results for the second quarter ended October 31, 2006. The period includes the first one month sales on the eastern seaboard of Trump Super Premium Vodka. It is the company's expectation that the brand will be available nationally by the beginning of 2007.
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On a quarterly basis revenue for the second quarter fiscal 2007 was $2.2 million compared to $0.5 million for the second quarter of the prior year, an increase of 330%. Revenue increased in the first half of the year 210% from $0.8 million to $2.6 million. The increase in sales was principally the incremental revenue gained as a result of the Trump Super Premium Vodka, which was launched in early October.
Patrick Kenny, President & Chief Executive Officer of Drinks Americas Holdings, stated, "Sales and sell through of Trump Super Premium Vodka continue to exceed our expectations. Based on feedback from our distributors, our goal is to ship roughly 150,000 cases of Trump Super Premium Vodka over the first 12-months through the holiday October/November period of calendar 2007.
Mr. Kenny continued, "We believe the Trump Super Premium Vodka brand, along with our Paul Newman sparkling fruit juices and flavored waters, Willie Nelson's Old Whiskey River Bourbon and the relaunch of Rheingold Beer in near term will all be an important contribution to our sales growth in the coming year. We also continue to make progress in introducing our premium wine offerings."
More information on the Company's quarterly results can be found in its 10-Q filing with the SEC.
About Drinks Americas
Drinks Americas develops, owns, markets, and nationally distributes alcoholic and non-alcoholic premium beverages that are often associated with renowned icon celebrities. Drinks' portfolio of premium alcoholic beverages includes Donald Trump's Trump Super Premium Vodka, Willie Nelson's Old Whiskey River Bourbon and Bourbon Cream. Drinks' non-alcoholic brands include the distribution of Paul Newman's Own Lightly Sparkling Fruit Juice and Flavored Water Drinks.
Other products owned and distributed by Drinks include Damiana, the Mexican liqueur, Aguila Tequila; Drinks' award-winning Cohete Rum Guarana from Panama, Swiss T 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. |
