Reed's, Inc. Announces Record Revenues of Over $20 Million for 2010
18 Janeiro 2011 - 10:00AM
Marketwired
Reed's, Inc. (NASDAQ: REED) (OTCBB: REEDP), maker of the
top-selling sodas in natural food stores nationwide, announced
today that revenues increased 34% and exceeded $20 million for
2010, surpassing its 30% guidance as product sales increased across
all categories.
"We continue to experience strong growth in our branded
products," said Mr. Chris Reed, Founder, Chairman and CEO of
Reed's, Inc. "In addition, our private label business continues to
grow even faster. This is helping to fuel the growth of Reed's and
Virgil's brands as we work with some of the best, well-known
retailers in the world. As we stated in the past, we continue to
finance the growth of our brands from the gross profits of our
private label business. We expect to see the same kind of revenue
acceleration in 2011 as in 2010 as we launch new branded products
and increase our distribution into mainstream supermarkets and
natural food stores."
Mr. Reed added, "We believe our record top line results for 2010
reflect the integral value of Reed's business model with our
private label initiative fueling the increase of sales of our
branded products. We continue to see momentum build here. "
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. Ginger Brews are made using fresh ginger, spices
and fruits with a brewing process that predates commercial soft
drinks. Reed's, Inc. owns Virgil's Root Beer, the top-selling cola
line in natural foods, as well as China Cola, the top-selling
natural foods cola. Recently, Reed's introduced its Reed's All
Natural Ginger Nausea Relief product for the drug store and grocery
retail channels. Reed's also acquired the Sonoma Sparkler brand at
the end of 2009, an all natural 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, and restaurants
nationwide. Reed's products are also sold in Canada and Mexico,
along with a small presence in Europe, the Middle East, South
Africa, Japan and Singapore.
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:
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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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Investor Relations Contact: Mr. Andrew Haag Managing
Partner IRTH Communications, LLC Tel: +1-888-825-6456 E-mail: Email
Contact Website: www.irthcommunications.com
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