Reed's, Inc. to Trade on OTC Bulletin Board
29 Dezembro 2006 - 5:05PM
PR Newswire (US)
LOS ANGELES, Dec. 29 /PRNewswire-FirstCall/ -- Reed's, Inc.
(OTC:REED) (BULLETIN BOARD: REED) , today announced that the
company has received approval for the listing of Reed's common
stock on the Over the Counter Bulletin Board (OTCBB), effective as
of December 29, 2006. The initial public offering for 2,000,000
shares of Reed's common stock has been completed and was priced at
$4.00 per share and will trade under the symbol "REED.OB." The
proceeds of this offering are being used to expand product lines
and allow broader product distribution in mainstream grocery
channels. The underwriters for the offering were US EURO
Securities, Inc. and Brookstreet Securities Corporation. For more
information, in the form of the final prospectus, please visit:
http://www.sec.gov/Archives/edgar/data/1140215/000114420406042189/v053486_po
sam.htm . About Reed's, Inc. Founded in 1989, Reed's is the only
company to brew all-natural soft drinks and incorporate fresh
ginger root into its products. With the craftsmanship found only in
microbreweries, the new-age beverage company uses more than a
million pounds of fresh ginger annually and is ranked #1 in
Neilson's natural food ratings. In 2005, Reed's gross revenues were
approximately $9.5 million. Reed's award-winning gourmet products
include: Reed's Ginger Brews, Reed's Ginger Juices, Reed's Ginger
Candies and Reed's Ginger Ice Creams. In addition, Reed's
manufactures the award-winning Virgil's Root Beer and China Cola
product lines. Reed's products sell at Whole Foods, Wild Oats,
Trader Joe's, Costco, Safeway, Kroger and other upscale markets and
supermarket chains nationwide and in Canada. For more information
on Reed's please visit http://www.reedsgingerbrew.com/ . About OTC
Bulletin Board The OTC Bulletin Board (OTCBB) is a regulated
quotation service that displays real-time quotes, last-sale prices,
and volume information in OTC equity securities. An OTC equity
security generally is any equity that is not listed or traded on
NASDAQ or a national securities exchange. OTCBB securities include
national, regional, and foreign equity issues, warrants, units,
ADRs, and Direct Participation Programs. More information is
available at http://www.otcbb.com/ . SAFE HARBOR STATEMENT Some
paragraphs of this press release, particularly those describing
Reed's strategies, contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1993, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
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 factors,
including difficulties in marketing its products and services, need
for capital, competition from other companies 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. Factors such as these could have an adverse
effect on Reed's results of operations. In light of significant
uncertainties inherent in forward-looking statements included
herein, the inclusion of such statements should not be regarded as
a representation by Reed's and its subsidiaries that they will
achieve such forward-looking statements. DATASOURCE: Reed's, Inc.
CONTACT: Investor Relations, Jim West, +1-310-402-6730, or Media
Relations, Rachel Gutierrez or Trish Scorpio, +1-651-228-9141, all
for Reed's, Inc. Web site: http://www.reedsgingerbrew.com/
http://www.otcbb.com/
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