ORLANDO, Fla., Feb. 12, 2008 (PRIME NEWSWIRE) -- RedChip Independent, a division of RedChip Companies Inc., today announced that it has dropped research coverage on Drinks Americas Holdings Ltd. (OTCBB:DKAM).
RedChip Companies' rating of a "Buy" and a target price of $1.40 are no longer active. For further information on RedChip Companies, our rating system, and our dropping coverage policy, please visit www.redchip.com and review any and all pertinent policies and disclosures.
About Drinks Americas Holdings, Ltd.
Drinks Americas develops, owns, markets, and nationally distributes alcoholic and non-alcoholic premium beverages associated with renowned icon celebrities. Drinks Americas' portfolio of premium alcoholic beverages includes Trump Super Premium Vodka, Willie Nelson's Old Whiskey River Bourbon. The Company's non-alcoholic brands include distribution of Paul Newman's Own Lightly Sparkling Fruit Juice Drinks and Flavored Waters.
About RedChip Companies, Inc.
RedChip Companies is an international small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. RedChip delivers measurable results for its clients through its extensive international market expertise as well as its comprehensive platform of products: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences held throughout the United States, RedChip Radio(tm) and RedChip Visibility Research Program services. To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/services.asp
"Discovering Tomorrow's Blue Chips Today."(tm)
RedChip Independent Research Disclosure
The analysts contributing to DKAM RedChip equity research reports do not hold any shares of DKAM. Additionally, the analysts contributing to these research reports certify that the views expressed therein accurately reflect the analysts' personal views as to the subject securities and issuers. RedChip certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analyst in the DKAM RedChip equity research report. Additional information on the securities mentioned in the reports is available upon request. This DKAM RedChip equity research report is based on data obtained from sources we believe to be reliable but is not guaranteed as to accuracy and is not purported to be complete. As such, the DKAM RedChip report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed therein are subject to change.