| Liquor Group Files Breach Of Contract Claims Against Drinks Americas |
|
|
|
| Written by BusinessWire | |
| Thursday, 02 July 2009 | |
|
Jacksonville, Florida - Liquor Group Wholesale, Inc. (OTCBB:LIQR) filed claims exceeding $1,000,000.00 of damages against Drinks Americas Holdings, LTD. (OTCBB:DKAM). Liquor Group commenced representation of Drinks Americas Michigan, which was swiftly amended to include Florida and Sixteen (16) additional states (all NABCA.org listed Control States except MS) of exclusive representation of brands marketed by Drinks Americas including: Trump Vodka & Trump Flavored Vodkas, Willie Nelson’s Old Whisky River Bourbon, Damiana Liqueur, Bo Dietl’s Casa BoMargo Wines, Cohete Rum & Agulla Tequila and other Drinks Products as they become available. These agreements utilize Liquor Group’s patent pending Bailment method for the sale of alcohol products to the state level. On or about December 19, 2008, Liquor Group notified Drinks Americas of their alleged numerous contract violations, including but not limited to overdue marketing funding and insufficient inventory to fill customer orders in excess of $300,000.00. Drinks Americas was given six months to bring their accounts current with Liquor Group and to revise the marketing agreements at this time, however no action was taken on their part to rectify the deficiencies. Currently more than $830,000.00 of back-orders generated by Liquor Group remained unfilled by Drinks Americas. |
| < Prev | Next > |
|---|
