Drinks Americas Holdings, Ltd. (OTCBB:DKAM) signed a letter of intent to acquire Worldwide Beverage Imports, LLC (WBI) for $0.95 million in stock on May 16, 2012. Drinks Americas will issue 1 million of its common shares in exchange for the assignment and assumption of the contract and sale rights to WBI's licensed brands, WBI's sales rights in California, WBI's lease for warehouse facilities and a right of first refusal to purchase the assets of Fabrica de Tequilas Finos, S.A. de C.V. and Cerveceria Mexicana, S. de R.L. de C.V. and Cerveceria Azteca, S. de R.L. de C.V. Execution of a definitive agreement is subject to, among other things, the grant to Drinks Americas of a thirty day right of first refusal to purchase the assets of Fabrica de Tequilas Finos, S.A. de C.V. and Cerveceria Azteca, S. de R.L. de C.V., which right of first refusal shall expire twelve months from the date of the contemplated definitive agreement.

Drinks Americas Holdings, Ltd. (OTCBB:DKAM) cancelled the acquisition of Worldwide Beverage Imports, LLC (WBI) on May 16, 2013.