One of the great things about being close to some of the key investor relations firms out there is that I can tell when they are excited about some of their key listed companies. This company – Reed’s, Inc. (NASDAQ: REED) – we have followed for some degree about two years based on the fundamentals of the deal. This private label release is important. Keep your eye on REED.
Reed’s Announces First National Restaurant Chain Private Label Agreement – Maker of Top-Selling Natural Sodas to Partner With Growing Restaurant Chain
LOS ANGELES, CA, Nov 11, 2010 (MARKETWIRE via COMTEX) — Reed’s, Inc. (NASDAQ: REED) (OTCBB: REEDP), maker of the top-selling sodas in natural food stores nationwide, today announced its first private label agreement with a growing national restaurant chain that owns and operates over 100 casual dining restaurants in the U.S. coast-to-coast.
“This allows us to move our premium beverage craftsmanship into the restaurant business in much of the same way that Coke and Pepsi have done with chains nationwide,” stated Chris Reed, Founder, Chairman and CEO of Reed’s, Inc. “Beginning our first private label agreement with a growing national restaurant chain is extremely exciting. We are pleased to have been chosen and to have the privilege of working with a group known for its award-winning food and handcrafted beverages. They have plans to grow by 200 to 300 percent over the next few years. This represents a whole new business line for the Company that could be a tremendous winner for us.”
About Reed’s, Inc.
Reed’s, Inc. makes the top selling natural sodas in the natural foods industry sold in over 10,500 natural food markets and supermarkets nationwide. In 2009, Reed’s started producing Private Label natural beverages for select national chains. Its six award-winning non-alcoholic Ginger Brews are unique in the beverage industry, being brewed, not manufactured and using fresh ginger, spices and fruits in a brewing process that predates commercial soft drinks. The Company owns the top selling root beer line in natural foods, the Virgil’s Root Beer product line, and the top selling cola line in natural foods, the China Cola product line. Recently, Reed’s introduced its Reed’s All Natural Ginger Nausea Relief product for the over-the-counter stomach aisle for all retail channels and acquired the Sonoma Sparkler brand, a sparkling juice celebration drink with an established customer base. Other product lines include: Reed’s Ginger Candies and Reed’s Ginger Ice Creams.
Reed’s products are sold through specialty gourmet and natural food stores, mainstream supermarket chains, retail stores and restaurants nationwide, and in Canada, as well as through private label relationships with major supermarket chains. For more information about Reed’s, please visit the company’s website at: http://www.reedsinc.com or call 800-99-REEDS.
Follow Reed’s on Twitter at http://twitter.com/reedsgingerbrew
Reed’s Facebook Fan Page at: http://www.facebook.com/pages/Reeds-Ginger-Brew-and-Virgils-Natural-Sodas/57143529039?ref=nf
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More information can be found at: http://www.irthcommunications.com/clients_REED.php
SAFE HARBOR STATEMENT
Some portions of this press release, particularly those describing Reed’s goals and strategies, contain “forward-looking statements.” These forward-looking statements can generally be identified as such because the context of the statement will include words, such as “expects,” “should,” “believes,” “anticipates” or words of similar import. Similarly, statements that describe future plans, objectives or goals are also forward-looking statements. While Reed’s is working to achieve those goals and strategies, actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These risks and uncertainties include difficulty in marketing its products and services, maintaining and protecting brand recognition, the need for significant capital, dependence on third party distributors, dependence on third party brewers, increasing costs of fuel and freight, protection of intellectual property, competition and other factors, any of which could have an adverse effect on the business plans of Reed’s, its reputation in the industry or its expected financial return from operations and results of operations. In light of significant risks and uncertainties inherent in forward-looking statements included herein, the inclusion of such statements should not be regarded as a representation by Reed’s that they will achieve such forward-looking statements. For further details and a discussion of these and other risks and uncertainties, please see our most recent reports on Form 10-KSB and Form 10-Q, as filed with the Securities and Exchange Commission, as they may be amended from time to time. Reed’s undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.
Investor Relations Contact:
Mr. Andrew Haag
IRTH Communications, LLC
E-mail: Email Contact
Covered without compensation. We work on an on-going basis with IRTH Communications, the IR firm for REED, with some of their other clients. We cover REED by our own choice.