Reed’s, Inc. Announces Distribution Agreement With Specialty Beverage of Virginia
20 Maio 2010 - 9:30AM
Business Wire
Reed's, Inc. (NASDAQ:REED) (OTCBB:REEDP), maker of the
top-selling sodas in natural food stores nationwide, announced
today that it has reached a distribution agreement with Specialty
Beverage of Virginia, an affiliate of L. Knife & Sons Co.
Specialty Beverage is a direct store distributor in the state of
Virginia for some of the best craft brews in the United States,
servicing all channels of business.
Christopher Reed, Founder and CEO of Reed’s, Inc., stated,
“Specialty Beverage of Virginia is known for working with some of
the finest specialty import and local independent craft brewers.
This is a great fit for Reed’s and we are excited to partner with
them and further develop our brand in Virginia and the Southeast,
one of our most important markets, and one of the fastest growing
markets in the U.S.”
Eddie Pearson, Reed’s VP of Sales Southern Region, commented,
“Specialty Beverage of Virginia is unique in working with some of
the best known brewers in the world and is at the forefront of
understanding the brewed beverage marketplace and consumers’ tastes
for natural and premium products such as Reed’s. They are committed
to customer service and satisfaction and becoming the preeminent
brewed beverage distributor in Virginia. We are excited to be
working with them in this high growth market.”
Neal Cohane, Reed’s Senior VP of Sales and Marketing, stated,
“We continue our thoughtful and methodical ‘build out’ of
distribution across the U.S. We are extremely excited about this
distribution opportunity as we move south. No other beverage
organization of Reed’s size in the U.S. works as efficiently and
intelligently as our sales team. We will not stop expanding
distribution until Reed’s & Virgil’s is available in every
retail channel; grocery, c-store, drug, mass, club, and on premise.
Opportunities for our brands are endless.”
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 Rx’ line of ginger-based
nausea relief products for the drug store market 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.reedsgingerbrew.com or call 800-99-REEDS.
Follow Reed's on Twitter at:
http://www.twitter.com/reedsgingerbrew
Reed's Facebook Fan Page at:
http://www.facebook.com/pages/Reeds-Ginger-Brew-and-Virgils-Natural-Sodas/57143529039?ref=nf
Subscribe to Reed's RSS feed at:
http://www.irthcommunications.com/REED_rss.xml
More information can be found at:
http://www.irthcommunications.com/clients_REED.php
About Specialty Beverage of Virginia
Founded in 1991 by Bobby Roberts, Specialty Beverage of Virginia
has grown to become one of the finest and most respected craft beer
and wine distributors in the southeast. Representing more than 100
suppliers throughout Virginia, Specialty prides itself in being
able to introduce a world class selection of beers and wines to
retailers statewide. Specialty Beverage is an affiliate of the L.
Knife & Son Companies. Additional information on Specialty
Beverage can be found at:
http://greatbrewers.com/specialty-beverage-virginia.
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.
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