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Drinks Americas Management Releases Shareholder Letter

^{Published on 2008-12-17 14:06:22 - Market Wire}
 

WILTON, Conn.--([ BUSINESS WIRE ])--Drinks Americas Holdings, Ltd. (OTC BB: DKAM) ("Drinks Americas" or the "Company") today released a detailed shareholder letter that updates investors on the short and long term progress of Drinks Americas' business development. Drinks President and CEO J. Patrick Kenny stated, "There are milestones being reached by Drinks, and our progress in coming to market with our new products needed to be reviewed in a shareholder letter that in a more comprehensive way can offer an overview to the value being created at Drinks. There is great news and exciting progress on our current business, new products, additional icon relationships and international expansion, all of which is reviewed in this letter. In the current economic environment, which impacted every business in this last quarter, we wanted investors to know how excited we are about the near term success and business opportunities."

To view the Shareholder Letter, please go to [ www.drinksamericas.com ], and look under Latest News.

About Drinks Americas

Drinks Americas was founded in 2004 by J. Patrick Kenny, a leading expert in beverage sales and marketing. 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 Interscope Geffen A&M Records to develop and market beverage products.

For further information concerning Drinks Americas and the products that they represent, please visit their 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.