Exhibit 10.7

      Assignment of Limited Liability Company Interest in Old Whiskey River

               ASSIGNMENT OF INTEREST IN LIMITED LIABILITY COMPANY

      This Assignment is executed this 9th day of December, 2002, and is
executed by SHEP E. GORDON ("Assignor") and DRINKS AMERICAS INC., a Delaware
corporation ("Assignee").

                  Assignor and Assignee hereby agree as follows:

1.                         For valuable consideration, Assignor hereby assigns
                           and transfers to Assignee twenty-five percent (25%)
                           of Assignor's existing right, title and interest in
                           and to Old Whiskey River Distilling Company LLC, a
                           Hawaii limited liability company (the "Transferred
                           Amount"). At the time of such assignment, Assignor
                           shall hold a one hundred percent (100%) membership
                           interest in Old Whiskey River Distilling Company LLC.

2.                         Following this assignment of the Transferred Amount,
                           Assignor shall hold a seventy-five percent (75%)
                           interest in Old Whiskey River Distilling Company LLC
                           and Assignee shall hold a twenty-five percent (25%)
                           interest in Old Whiskey River Distilling Company LLC.

3.                         Assignor hereby warrants to Assignee that Assignor
                           owns the Transferred Amount, and is assigning the
                           Transferred Amount to Assignee, free and clear of all
                           liens and encumbrances.

4.                         Assignee hereby accepts and assumes the Transferred
                           Amount and agrees to enter into the Old Whiskey River
                           Distilling Company LLC Operating Agreement,
                           substantially in the form attached hereto as Exhibit
                           A (the "Operating Agreement"), as a member thereof
                           and be bound by its terms.

5.                         Assignee has had an opportunity to review all
                           documents of and relating to Old Whiskey River
                           Distilling Company LLC and the Transferred Amount and
                           is aware of and satisfied with the rights and
                           obligations it shall obtain and assume as a member of
                           Old Whiskey River Distilling Company LLC pursuant to
                           the Operating Agreement.

6.                         Assignor hereby reaffirms all representations and
                           warranties made in that certain Interest Purchase
                           Agreement, dated December 9, 2002, between Assignor
                           and Assignee, related to the Transferred Amount.

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7.                         Assignor shall indemnify and defend Assignee against
                           all loss, liability and expense of every kind which
                           Assignee may suffer or incur, including reasonable
                           attorney's fees and costs, as a result of or arising
                           out of any failure by Assignor to promptly pay and
                           perform any and all obligations relating to the
                           Transferred Amount as and when due.

8.                         Assignee shall indemnify and defend Assignor against
                           all loss, liability and expense of every kind which
                           Assignor may suffer or incur, including reasonable
                           attorney's fees and costs, as a result of or arising
                           out of any failure by Assignee to promptly pay and
                           perform any and all obligations relating to the
                           Transferred Amount as and when due.

9.                         Assignee agrees to perform all its obligations under
                           that certain Note dated concurrently herewith
                           including, but not limited to, payment of all sums
                           due from Assignee to Assignor thereunder when such
                           sums are due and the obligation to convey sixty
                           percent (60%) of the Transferred Amount back to
                           Assignor upon failure of Assignee to perform its
                           obligations under the Note.

10.                        This assignment may be executed and endorsed in one
                           or more original or facsimile counterparts and each
                           such facsimile counterpart shall, for all purposes,
                           be deemed to be an original, and all counterparts
                           shall together constitute one and the same
                           instrument.

                            [SIGNATURE PAGE FOLLOWS]


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                           Executed and effective as provided above.

                                   /s/
                                   ---------------------------------------------
                                   SHEP E. GORDON

                                                                      "Assignor"

                                   DRINKS AMERICAS INC.

                                   By: /s/
                                       -----------------------------------------
                                          Name:  J. Patrick Kenny
                                          Title:  Chief Executive Officer

                                                                      "Assignee"


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                                    Exhibit A

                    Old Whiskey River Distilling Company LLC

                               Operating Agreement


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