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Article: Drinks Americas Announces $5mil Investment Agreement.
- Article from:
- Business Wire
- Article date:
- August 18, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WILTON, Conn. -- Drinks Americas Holdings, Ltd. (OTCBB: DKAM) (the "Company"), a leading owner, developer and marketer of premium beverages associated with renowned icons, including Kid Rock, Donald Trump, Dr. Dre, & Willie Nelson, today announced that it has entered into a definitive financing agreement (the "Investment"). Documents are being circulated and signed today. Proceeds from the Investment will be used to fund operations and working capital needs of the Company. Drinks Americas believes that this timely financing will provide the Company with needed capital to fund the Company's operations, inventory, production and sales efforts. Source Capital Group, Inc. ...