Drinks Americas Closes $10 Million Credit Facility to Fund Sales Growth
Drinks Americas recently announced that it has orders and commitments in the initial stages of its launch for $5 million of its new Trump Super Premium Vodka.
06/06/06 Drinks Americas Holdings, Ltd. (OTCBB: DKAM) ("Drinks Americas" or the "Company") today announced that is has closed an asset-based, revolving financing facility with Business Alliance Capital Company ("BACC"), a division of Sovereign Bank, to provide Drinks Americas with up to $10 million to fuel and support the rapid growth of the Company's product lines.
Drinks Americas recently announced that it has orders and commitments in the initial stages of its launch for $5 million of its new Trump Super Premium Vodka. Drinks is expanding the marketing of Newman's Own Sparkling Fruit Juice Drinks, and is adding distribution Newman's Own Sparkling Flavored Water and Newman's Own Fruit Tea lines to its portfolio.
Drinks Americas continues its strategy of marketing premium beverage brands associated with icons. Drinks expects to launch Trump Super Premium Vodka this summer.
Patrick Kenny, CEO of Drinks Americas, said, "The credit facility from BACC, combined with our purchase order financing facility from Production Finance International announced last week, positions Drinks Americas to grow at a rapid pace in the coming year."
