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Prospector
Profile
07.1170
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| 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 |
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Income |
(mil) |
-9.3890 |
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Assets |
(mil) |
6.5850 |
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Liability |
(mil) |
3.7830 |
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(for the year ended 2007-04-30) |
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Category:
Audit Concerns
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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.
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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]
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Description:
The Company develops, produces, markets, and distributes alcoholic and non-alcoholic in the United States of America.
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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.)
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Auditor:
Bernstein & Pinchuk LLP
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Securities:
Common Stock-Symbol DKAM.OB; OTC BB;
79,598,410 common shares outstanding as of July 31, 2007.
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