August 13, 2007
Prospector
Profile
07.1170
 
Drinks Americas Holdings Ltd. NAICS 312140
372 Danbury Road, Suite 163 Wilton, CT 06897 Description Beverages Mfg.
(203) 762-7000 Employees 8
http://www.drinksamericas.com/ Revenue (mil) 6.0840
  Income (mil) -9.3890
  Assets (mil) 6.5850
  Liability (mil) 3.7830
  (for the year ended 2007-04-30)
 
Category: Audit Concerns
 
Event: Bernstein & Pinchuk LLP expressed substantial doubt about Drinks Americas Holdings Ltd.'s ability to continue as a going concern due to its significant losses from operations since its inception. The company posted a $9,389,250 net loss on $6,084,520 of total revenues for the year ended April 30, 2007, as compared with a $5,845,371 net loss on $1,607,606 of total revenues in the prior year. At April 30, 2007, the company's balance sheet showed $6,585,195 in total assets, $3,783,471 in total liabilities and $2,801,724 in stockholders' equity.
 
Intellectual Property: The Company owns a number of trademarks, including, in the United States, Drinks Americas™, Cohete™, Swiss T™, Screaming Monkey™ and Aguila™, Casa/BoMago™. Trademarks have been filed and pending with no opposition for Drinks Americas™, Monte Verde™ and Corcovado™. In addition, the Company has trademark protection in the United States for a number of other trademarks for slogans and product designs, including The Rooster Has Landed®, Party Harder™, Success Distilled™ and The World's Finest Super Premium Vodka™. [SEC Filing 10-KSB 08-08-07]
 
Description: The Company develops, produces, markets, and distributes alcoholic and non-alcoholic in the United States of America.
 
Officers: Bruce Klein (Chair); J. Patrick Kenny (Pres. & CEO); Jason Lazo (COO); Jeffrey Daub (CFO); Marvin Traub (Dir.); Thomas Schwalm (Dir.); Fredrick Schulman (Dir.); Hubert Millet (Dir.)
 
Auditor: Bernstein & Pinchuk LLP
 
Securities: Common Stock-Symbol DKAM.OB; OTC BB; 79,598,410 common shares outstanding as of July 31, 2007.
 
 
 
return to main page