Reed's Inc. Second Quarter Revenues Increase 26%
02 Agosto 2011 - 10:15AM
Marketwired
Reed's, Inc. (NASDAQ: REED), maker of the top-selling sodas in
natural food stores nationwide, today announced its revenues for
its second quarter ended June 30, 2011.
Revenues for the second quarter of 2011 increased to $6.2
million from $4.9 million in the second quarter of 2010.
"This is our 7th quarter of double-digit revenue growth," stated
Chris Reed, Founder and CEO of Reed's, Inc. "Our branded products
continue to drive growth in the first part of 2011. We expect
continued strong growth for the balance of the year."
The Company will conduct a conference call @ 4:15 EDT on
Thursday, August 11th to discuss its 2011 second quarter results
and outlook for the rest of 2011. To participate in the call,
please dial the following number 5 to 10 minutes prior to the
scheduled call time 1-877-852-0653. International Callers should
dial 512-225-9559. The conference ID is 645933#.
Conference Call will be recorded and be available on
www.reedsinc.com.
Reed's Facebook Fan Page at:
http://www.facebook.com/pages/Reeds-Ginger-Brew-and-Virgils-Natural-Sodas/57143529039?ref=nf.
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.
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 report on Form 10-K and,
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.
About Wall Street Communications Group Inc
Wall Street Communications Group Inc is a specialized IR firm
focusing on emerging growth companies. WSCG has assisted many small
and mid cap companies in reaching their financial goals over the
last 15 years by helping drive revenues and spearheading various
marketing campaigns with its extensive contacts both domestically
and globally.
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Contact: Michael Sclafani President Wall Street Communications
Group Inc Tel. 303-541-0970 E-mail: Email Contact
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