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  • Liquor Group Wholesale Finishes 27th Consecutive Profitable Period 1 comment
    Jul 15, 2009 6:45 PM | about stocks: DKAM

    July 15, 2009 Jacksonville, FL – Liquor Group Wholesale (OTCBB:LIQR) posted its Fiscal 3rd Quarter results today, documenting twenty-seven periods of consecutive accrued profitability. LIQR posted a modest Basic EPS prior to distributing shares of common stock for both 2008 & 2009 Employee/Vendor/Supplier Stock-sharing plan disbursements and implementation of its annual compensation plan for Officers and Directors. Additionally, the company paid down several supplier balances early to accrue substantial discounts, taking advantage of “cash on hand” rather than leaving it stagnant, and it expended legal and administrative costs associated with preparing for distributor acquisitions, laying the groundwork for consolidation which should continue to benefit the company and shareholders over the long term as acquisitions are announced.

    The Company’s sales force continues to outpace major supplier inventories.  All but one major supplier was able to fulfill outstanding back-orders: Drinks Americas (OTCBB:DKAM) left confirmed orders generated during the last several quarters of more than $830,000 unfilled and did not reimburse Liquor Group for more than $60,000 in marketing expenses. Liquor Group has taken legal action against DKAM to recover revenues and expenses lost.
    Liquor Group also achieved new contract positions with major suppliers such as Adamba Imports and renewed contracts with long-time suppliers such as Old St. Andrews Scotch, demonstrating that our Patent-Pending Bailment System is working, even with larger suppliers.
    “This was a great quarter for Liquor Group,” says Jason Bandy, CFO. “Our U.S. Wholesale operation, although a small part of overall operations (under 10%), has now been publicly-traded for three quarters, and continues to grow and profit; during these tough times, it’s nice to know our business model is not just working, it’s flourishing!” 
    Detailed information regarding information contained herein is available in the Liquor Group Wholesale 10Q Report filed 07-15-2009. 
    DISCLOSURE: The author of this post has holdings of less than $10,000 each of LIQR and DKAM Common Stock.
    Stocks: DKAM
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    Author’s reply » Liquor Group Wholesale, Inc. Announces Profitable Fiscal 2009 Operating Results


    Jacksonville, Florida – August 31, 2009 – Liquor Group Wholesale, Inc. (OTCBB: LIQR) announced its unaudited results for fiscal fourth quarter of 2009, prior to the annual shareholder conference.


    Fiscal year net income was $729,828 or $0.0682 basic weighted earnings per share before non-cash expenses. The Company enjoys all profits through the use of a $25 million net operating tax loss captured in the merger of August 2007, an asset utilized to offset tax due on net profits every quarter.


    Key Financials:


    Key financial highlights for fiscal 2009 include:


    • Gross margin of 38.8%
    • Net income of 40.2%
    • Current liquid ratio of +1.85


    C. J. Eiras, President and CEO commented, “Liquor Group Wholesale, which represents approximately 8% of Liquor Group associated worldwide operations continued to see positive developments in operations again this year, as evidenced by strong performance in the final quarter of our fiscal year. Once again our profitability demonstrates that even in this tough economy our operational system works. Our continued portfolio expansion of high-margin brands coupled with increased market presence has again led to positive results for our shareholders.”


    Eiras continued “Our core business operations were again positively impacted by the advantages of our patent-pending business model. Increased sales are partly attributed to some new additions to our brand portfolio as well as the expansion of our sales force and territories, which continued to outpace supplies of products due to our buying power and leverage. Some of the leading premium products in the market have begun taking advantage of our growing operation; and our business model is increasingly becoming more accepted by the alcohol beverage industry.”


    The Company provides these results to investors so that they might gain better insight into its underlying business trends from continuing operations.
    31 Aug 2009, 10:53 AM Reply Like
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