August 16/Wilton, Conn./GLOBE NEWSWIRE -- Drinks Americas Holdings Ltd. reported financial results for the fiscal year ended April 30th, 2010.
For fiscal 2010, the company had net sales of approximately $890,000, a decrease of approximately $1,588,000 from net sales of $2,478,000 for fiscal 2009, as the company managed through difficult economic conditions and the loss of its credit facility a year ago. Drinks Americas has focused on its core brands that have sold well in these recessionary times, Olifant Vodka and Old Whiskey River Bourbon, and has prepared the launch of Rheingold Beer. The company has worked through its transition with its strategic venture with Mexcor International Wine and Spirits.