Drinks Americas Announces Timing for Fourth Quarter and Year-End Fiscal 2007 Earnings Conference Call & Webcast Tuesday July 31, 4:23 pm ET
WILTON, CT--(MARKET WIRE)--Jul 31, 2007 -- Drinks Americas Holdings, Ltd. (OTC BB:DKAM.OB - News), a leading developer, marketer and brand owner of premium beverages associated with renowned icons, including Donald Trump, Paul Newman & Willie Nelson, will release its fourth quarter and year-end fiscal 2007 results before the market open on Wednesday, August 8, 2007, followed by a company-hosted teleconference at 10:00 AM ET the same day. During the teleconference, J. Patrick Kenny, President and Chief Executive Officer will review Drinks Americas' financial results, strategy and outlook. Mr. Kenny will also provide an update on the continued success of Trump Super Premium Vodka, as well as Drink's recently announced joint venture with Interscope Geffen A&M Records, part of Universal Music Group, the largest music company in the world. A question-and-answer session will follow.
The dial-in number for the conference call is 1-866-425-6195, confirmation number 9086380. To listen to the live Webcast, log on to the investor relations section of the Company's website at www.drinksamericas.com. The call will also be available for replay for seven days by dialing 1-877-519-4471, pin number 9086380.
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Drinks Americas Announces Fast Start for Its Newly Added 1.75 Liter Size Trump Super Premium Vodka
Drinks Americas Holdings, Ltd. (OTCBB: DKAM), an owner, developer and marketer of premium beverages associated with renowned icons, including Donald Trump, Paul Newman & Willie Nelson, announced today that case shipments of its new 1.75 liter bottle of Trump Super Premium Vodka have already generated more than $400,000 in sales in the first 30 days of availability to distributors. The revenue will be reflected in the Company's second fiscal quarter for the period ending October 30, 2007.
J. Patrick Kenny, President & Chief Executive Officer of Drinks Americas, stated, "We are pleased and excited to introduce our Trump Super Premium Vodka 1.75 liter bottle, which further leverages our Trump trademark, one of the most well-known and widely recognized in the world. As the largest bottle in our Trump product line, distributors recognize its sales potential based on the product's exceptional smooth taste and distinctive package design. We now offer 'The World's Finest Super Premium Vodka' in four sizes."
The Trump Super Premium Vodka 1.75 liter size bottle will be targeted for back-bar displays and on-premise promotions across all major markets throughout the U.S. The brand is currently available in 46 states, covering 15,000 on-premise accounts and over 50,000 off-premise retail accounts, including liquor stores and supermarkets.
Mr. Kenny concluded, "Heading into the peak holiday season, we expect strong revenue growth across our Trump product line throughout our current fiscal second quarter and upcoming third quarter. Revenue of $400,000 for initial shipments on the 1.75 liter bottle alone represents nearly 50% of our recently reported revenue for our fiscal fourth quarter of 2007. With the product's growing success and awareness, we continue to expand our market reach across all points of distribution on the consumer level. We look forward to begin extending our Trump Super Premium Vodka line with a selection of five flavors later this quarter."
Trump Super Premium Vodka is on track to ship 100,000 cases in its first 12-month period ending November 2007. Drinks Americas recently reported record revenue results for its 2007 fiscal year, which ended April 30, 2007. Revenue for the year was $6.1 million, a 248% increase over its 2006 fiscal year.
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Well below oversold indicator RSI 17 Has been on a downtrend since early march, If this is a play, now is probably the time to get in Is massive dilution the factor here?
They've got products in the market place. Guess I'm missing something.
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Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Introduction
The following discussion and analysis summarizes the significant factors affecting our (1) consolidated results of operations for the three months ended July 31, 2007, compared to the three months ended July 31, 2006, and (2) financial liquidity and capital resources. This discussion and analysis should be read in conjunction with the consolidated financial statements and notes included in Item 1 of this Report, and the audited consolidated financial statements and notes included in Form 10-KSB, which Report was filed on August 8, 2007.
Three Months Ended July 31, 2007 and 2006:
Net Sales. Net sales were $1,307,115 for the three months ended July 31, 2007 compared to net sales of $336,305 for the three months ended July 31, 2006, an increase of 289%. The increase is due primarily to the launch of Trump Super Premium Vodka which commenced in the second quarter of fiscal 2007 as well the growth of the company's overall spirits and wine portfolio and the expansion nationally of the Newman's Own products.
Total Trump Super Premium Vodka sales aggregated $781,450 on 7,504 cases sold, which accounted for 59.8% of total dollar sales and 19.8% of total case sales for the three months ended July 31, 2007. Sales of all alcoholic products aggregated approximately $990,000 on 9,643 cases sold for the three months ended July 31, 2007 as compared to approximately $213,000 on 1,982 cases sold for the three months ended July 31, 2007. Net sales of our non-alcoholic product, Newman's Own sparking fruit beverages and sparkling waters increased to approximately $318,00, on 32,646 cases sold, in the first quarter of fiscal 2008 as compared to $123,000, on 13,363 cases sold, in the first quarter of fiscal 2007. The Company has modified the Newman's Own product eliminating the high fructose corn syrup and replacing it with pure cane sugar; Newman's Own is now kosher certified. The Company began a national expansion of the Newman's Own product line in the third quarter of our 2007 fiscal year. The Company has been able to sustain its inventory positon due to its financing facilities and sales growth.
Gross Margin. Gross margin was $469,649 for the first three months of fiscal 2008 (35.9% of net sales)an increase of $347,429 compared to gross margin of $122,220 (36.3% of net sales) for the first three months of fiscal 2007. The dollar increase in gross profit can be attributed to sales of Trump Super Premium Vodka and increased sales of our overall spirits and wine portfolio and Newman's Own Products. Trump Super Premium Vodka is sold at a substantially higher gross margin than a majority of our other products, this increase is offset by Newman's Own Products which is sold at a lower gross margin.
Selling, General and Administrative Expenses. Selling, general and administrative expenses were $1,985,275 for the three months ended July 31, 2007 compared to $865,510 for the three months ended July 31, 2006, an increase of $1,119,765. The increase in the current fiscal year is mainly due to selling and marketing expenses relating to Trump Super Premium Vodka. Charges relating to our short term financing which commenced in fiscal 2007 aggregated approximately $64,000 for the three months ended July 31, 2007 and $0 for the same period of our previous year. Travel expenses have also increased for the three months ended July 31, 2007 compared to the same period of the prior year. The increase is due to travel expenses relating to the launch of Trump Super Premium Vodka. In June 2007 the Company issued 40,000 shares of our common stock to a member of its board of directors, for serving on the board recognizing an expense of $50,000. The Company recognized an additional $50,000 in directors' fees for the three months ended July 31, 2007. For the three months ended July 31, 2006 no expense for directors' fees were recognized by the Company.
Drinks Americas Announces Timing for First Quarter Fiscal 2008 Earnings Conference Call & Webcast Saturday September 15, 1:13 pm ET
WILTON, CT--(MARKET WIRE)--Sep 15, 2007 -- Drinks Americas Holdings, Ltd. (OTC BB:DKAM.OB - News), a leading developer and marketer of premium beverages associated with renowned icons, including Donald Trump, Paul Newman & Willie Nelson, will release its first quarter fiscal 2008 results on Monday, September 17, 2007, followed by a company-hosted teleconference at 4:00 PM ET the same day. During the teleconference, J. Patrick Kenny, President and Chief Executive Officer, will review Drinks Americas' financial results, strategy and outlook. A question-and-answer session will follow.
The dial-in number for the conference call is 1-866-425-6195, confirmation number 9250588. To listen to the live Webcast, log on to the investor relations section of the Company's website at www.drinksamericas.com. The call will also be available for replay for seven days by dialing 1-877-519-4471, pin number 9250588.
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Looks like this might be a bottom, it's been bouncing between .55 and .65 for a month. CMF is above 0.00 which shows some interest. Accum is flat but not tanking, maybe someone's building a base for themselves. Been on a down trend since march maybe a decent PR and this will move.
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Has a little more room to drop before it's oversold. I don't know what's the deal here except lost interest and dilution.
excuse me? there hasnt been any further dilution that im aware of..as of now it looks like it was diluted from 3.50s and its over i think.
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Last bid .42 CMF looks surprisingly good for a stock that's been falling for 8 months. We could see a dip into the high 30's and then hopefully a serious move up. jmo
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What a freak'n nightmare and it looks like it could drop further. Guess I'll wait until we get to .20 and consider a buy. POS
i dunno man that was a pretty good run for "old news" watch what it will do on big news which is coming very soon..so load up and get on board!
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