Drinks Americas Holdings, Ltd., in a filing with the Securities and Exchange Commission said that the company might need to raise additional funds. The company said, We will continue to focus on those of our products which we believe will provide the greatest return per dollar of investment with the expectation that as a result of increases in sales and the resulting improvement in our working capital position, we will be able to focus on those products for which market acceptance might require greater investments of time and resources. To execute this strategy, our short-term focus, for beer and spirits, will be on Olifant, Trump Super Premium Vodka, Old Whiskey River Bourbon, Damiana andLeyrat Cognac. In order for us to continue and grow our business, we will need additional financing which may take the form of equity or debt. There can be no assurance we will be able to secure the financing we require, and if we are unable to secure the financing we need, we may be unable to continue our operations. We anticipate that increased sales revenues will help to some extent, but we will need to obtain funds from equity or debt offerings, and/or from a new or expanded credit facility. In the event we are not able to increase our working capital, we will not be able to implement or may be required to delay all or part of our business plan, and our ability to attain profitable operations, generate positive cash flows from operating and investing activities and materially expand the business will be materially adversely affected.

On 12/15/2009, Drinks Americas Holdings, Ltd. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Drinks Americas Holdings, Ltd. announced that on November 2, 2009, Jeffrey Daub, company's Chief Financial Officer, tendered his resignation in order to pursue other opportunities. On the same day the company retained Mr. Kurt Streams as a consultant to handle certain of the responsibilities previously handled by Mr. Daub. Mr. Streams was scheduled to join us on that day as a consultant to handle certain special assignments. The company expects that Mr. Streams will formally replace Mr. Daub as the company's Chief Financial Officer in the future. Mr. Streams is a CPA and has over twenty five years experience in corporate and public accounting, including two years with Ernest & Young, LLP and six years with Deloitte & Touche, LLP. He has also served as Chief Financial Officer to public and private companies, including IGIA Inc. and The Deal LLC.