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Last Trade
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Last Trade:
$0.01
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Change:
0.00 (0.83%)
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Trade Time:
09:53 AM EST
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Market Cap:
$1.62M
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Description of Business
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As of March 9, 2005, the shareholders of Drinks America, Inc. ("DA"), acquired
control of Gourmet Group, which had become a Delaware corporation and changed
its name to Drinks Americas Holdings, Ltd. Prior to entering into this share
exchange, as Gourmet Group, Inc. ("Gourmet Group"), we were a company pursuing
the acquisition of various operating businesses since our sale of Jardine Foods,
Inc., our previous operating entity, in May 2002. As described below, as of
March 9, 2005, DA's shareholders acquired approximately 87% of Gourmet Group's
common stock in exchange for all of DA's outstanding common shares and DA's
business.
As of March 9, 2005, we, as Gourmet Group, issued an aggregate of approximately
42,963,792 shares of our common stock (or approximately 87.28% of the
outstanding common stock on a fully-diluted basis) to DA's shareholders, an
additional 1,800,000 total shares of our common stock (or approximately 3.
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