Reed's, Inc. Announces Partnership With Odom Corporation
02 Abril 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 a
partnership with Bellevue, Washington based Odom Corporation. The
Odom Corporation currently distributes Coca-Cola, Miller Beer and
Coors Beer, along with many other fine beverage products in three
states -- Alaska, Washington and Northern Idaho.
Neal Cohane, Senior VP of Sales & Marketing stated, "Odom is
an important distribution partner for Reed's in the Pacific
Northwest region. With a team of more than 1,500 associates in this
market, Odom will substantially strengthen our presence in all
channels of business."
"The Pacific Northwest is growing into an extremely important
market for Reed's," added Cohane. "The consumer culture there is
very conscious of natural and organic products, and our brands are
performing extremely well in natural/mainstream retailers. We look
forward to building a solid long-term relationship with the Odom
team."
John Odom President and CEO of The Odom Corporation commented,
"Reed's brings a very unique soft drink proposition in a rapidly
growing segment of the soft drink market. We are pleased to provide
the sales and delivery to retail outlets."
About The Odom Corporation
The Odom Corporation (Odom) is one of the Northwest's leading
beverage distributors of foreign and domestic beers, wines, spirits
and soft drinks, including Coca-Cola of Alaska. Odom is a second
generation family business founded in 1934 -- equally owned by
John, Bill and Jim Odom and is proudly celebrating its 75th
anniversary in 2009. The Company employs over 1,500 associates who
sell and distribute more than 20 million cases annually. For more
information about Odom, please visit www.odomcorp.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
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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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