Reed's, Inc. Announces Record Fourth Quarter Revenues
14 Janeiro 2010 - 11:00AM
Marketwired
Reed's, Inc. (NASDAQ: REED), maker of the top-selling sodas in
natural food stores nationwide, announced today that the Company
experienced record revenue growth in the fourth quarter ending
December 31, 2009, seeing sales rise approximately 21% over the
same quarter in 2008. Detailed financial results will be available
with the reporting of the audited financials in the company's 10K
expected to be filed with the SEC in March.
"We are thrilled with our fourth quarter revenue growth," stated
Mr. Chris Reed, Founder, Chairman and CEO of Reed's, Inc., "2009
proved to be a difficult year for beverage companies due to the
global recession. Some of the largest beverage companies reported
sales decreases in the range of 8% to 10% and many premium brands
were down closer to 30%. In light of this, Reed's held up very
well, reporting first through third quarter sales down between
4%-8% per quarter, well above the industry average."
Mr. Reed added, "The hard work is paying off. The strong
performance of our brands; along with contribution from our Sonoma
Sparkler acquisition and our newly launched private label business
are helping to propel the business back into a growth mode. Our
business will continue to benefit by a recovering economy and our
new product lines. The private label business is opening new sales
channels with some of the largest retailers in the country. These
new relationships are benefiting our branded business as well. We
have great momentum going into 2010 and expect that both our
branded and private label business, along with new product
offerings to be announced, will result in amazing growth of
profitable business during the next few years."
Follow Reed's on Twitter at:
http://www.twitter.com/reedsgingerbrew
Reed's Facebook Fan Page at:
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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 supermarkets. 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.
Recently, Reed's added the Sonoma Sparkler brands to its line, a
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. 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.
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