Drinks Americas Holdings (DKAM) spikes on distribution deal

Posted on: Wednesday, May 25th, 2011
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Drinks Americas Holdings, Ltd. (OTCBB:DKAM) shares leaped 22.7% Wednesday to 27-100ths of a cent, on word its Rheingold Beer will be sold in Maryland by Wantz Distributors. Volume for the stock was 14.1 million shares, compared to a daily average of 2.2 million.

The Connecticut-based beverage retailer added that Wantz Distributors operates just outside Hagerstown in a state of the art facility and distributes to Garrett, Allegany, Washington, Frederick and Carroll counties in Maryland.

Rheingold Beer National Sales Manager Joe Belli said, “Wantz Distributors is an outstanding addition to our Rheingold network. Austin McGuire leads a team of enthusiastic professionals who are sure to bring excitement to Rheingold in Maryland.”

Additionally, a total of nearly 5,000 cases of Rheingold Beer will have been shipped to Texas with an additional container now having been ordered by Ben E. Keith Company of Dallas. Rheingold Beer started shipping to Texas in April.

Drinks Americas launched Rheingold Beer in September 2010, and the brand is now being sold in New York, New Jersey, Connecticut, Pennsylvania, Georgia, Ohio, Kentucky, Maryland, Michigan, Florida and Texas with additional states slated to open up over the summer months.

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Category: OTCBB, Penny Stocks
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