On September 14, 2012, pursuant to a separation and release agreement, J. Patrick Kenny resigned his positions as Drinks Americas Holdings, Ltd.'s Chief Executive Officer, Chief Financial Officer and Principal Accounting Officer, as well as his position serving on the company's board of directors. Mr. Kenny's resignation was not due to any disagreement with the company on any matter relating to the company's operations, policies or practices. On September 14, 2012, Federico Cabo was appointed to serve as the company's Chief Executive Officer and President.

Concurrently, Steven Dallas was appointed to serve as the company's interim Chief Financial Officer. Federico G. Cabo joined the company Board of Directors in June 2011. Mr. Cabo is an industry veteran with over thirty five years of experience as a brewer and master distiller.

Steven Dallas joined the company Board of Directors on October 13, 2011. Mr. Dallas has over 30 years' experience in mortgage operations, loan originations, loan administration and servicing. He also has an extensive background in finance, capital and business operations.