Reed's, Inc. Announces Expanded Relationship With Ingles Markets
25 Março 2009 - 10:00AM
Marketwired
Reed's, Inc. (NASDAQ: REED), maker of the top-selling sodas in
natural food stores nationwide announced today that it has formed
an expanded relationship with Ingles Markets, Incorporated (NASDAQ:
IMKTA), based in Asheville, North Carolina.
Ingles will begin taking delivery of four SKUs of Virgil's All
Natural Sodas direct to their warehouse in North Carolina. The
company has also committed to placing the products in the
mainstream beverage aisle in 100 of its stores.
Neal Cohane, Senior VP of Sales, National Accounts, stated, "We
believe that the placement of our products in the mainstream
beverage aisle will greatly enhance our brand recognition and
translate into increased sales within the Ingles chain." Mr. Cohane
added, "Ingles is a significant customer, with 197 stores in six
states. Our efforts to transition our product line into the
mainstream has resulted in better sales and stronger brand
recognition, which our customers recognize as a mutually beneficial
opportunity."
Eddie Pearson, Region Manager for Reed's, Inc., commented, "With
this enhanced relationship, we look forward to increasing awareness
of the Reed's and Virgil's brands through the development of full
year 'partner-with-purpose' marketing plans, in-store sampling
campaigns, Weekly Ad/Circular participation and additional
promotional efforts which will greatly expand our reach with Ingles
customers in the region."
About Ingles
Ingles Markets, Incorporated is a leading supermarket chain with
operations in six southeastern states. Headquartered in Asheville,
North Carolina, the Company operates 197 supermarkets. In
conjunction with its supermarket operations, the Company also
operates 73 neighborhood shopping centers, all but 16 of which
contain an Ingles supermarket. The Company's Class A Common Stock
is traded on The NASDAQ Stock Market's Global Select Market under
the symbol IMKTA. For more information, visit Ingles' website at
www.ingles-markets.com.
About Reed's, Inc.
Reed's, Inc. makes the top selling sodas in natural food markets
nationwide and is currently selling in 10,500 supermarkets in
natural foods and mainstream. 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. In addition, 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. 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. 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
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.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact IRTH Communications, LLC Mark B. Moline Managing Partner
760-458-4899 Email Contact http://www.irthcommunications.com
http://www.twitter.com/irthcomm
Reeds (NASDAQ:REED)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Reeds (NASDAQ:REED)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024