| | Reed’s Inc. Expands from 50 Stores to 154 Weis Market Stores
Reed's Inc.
Expands from 50 Stores to 154 Weis Market Stores
Reed's and Virgil's product lines to move into the main beverage aisle alongside major national brands
LOS ANGELES, July 14, 2009 (MARKETWIRE) -- Reed's, Inc. (Nasdaq:REED), maker
of the top-selling sodas in natural food stores nationwide, announced today
that it has expanded its relationship with Weis Markets (NYSE: WMK), growing
from 50 stores to 154 stores and adding an additional product. Weis Markets
is a 154 store regional grocery chain headquartered in Sunbury, PA.
“Weis Markets is an important regional grocery retailer for Reed’s,”
stated Neal Cohane, Senior VP of Sales & Marketing. “The most important
element of this expanded relationship is the movement of the product from
the ‘specialty/natural’ aisle into the main beverage aisle. This
will give Reed’s and Virgil’s substantial increased visibility
and competitive pricing.”
Mr. David Hepfinger, President & CEO of Weis Markets commented, “We
are extremely excited about expanding our offerings of the Reed’s &
Virgil’s brands to all 154 Weis locations. We are pleased to pass on
tremendous savings on this great, all natural brand to our loyal customers.”
Mr. Chris Reed, Founder and CEO of Reed’s, Inc. added, “Weis Markets
represents the type of relationships we are trying to build in the mainstream
grocery marketplace. We have negotiated the movement from a slower traffic
area of the store to the fast-paced mainstream beverage aisle. We have also
negotiated lower retails by getting all the parties working together to maximize
brand volumes and profits. We expect to see a significant increase in sales
from Weis Markets, similar to the other supermarket chains where we have this
enhanced relationship.”
About Reed's, Inc.
Reed's, Inc. makes the top-selling sodas sold in natural food markets nationwide,
and is currently selling in more than 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
View Reed’s YouTube channel at: http://www.youtube.com/reedsgingerbrew
Review Reed’s Delicious bookmarks at: http://www.delicious.com/reedsinc
Join 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.
Source: Reed’s, Inc.
Contact
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Mark B. Moline
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760-458-4899
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