Reed's Inc. Announces Central Massachusetts Launch; Atlas Distributing, Inc. to Distribute...
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Reed's Inc. Announces Central Massachusetts Launch; Atlas Distributing, Inc. to Distribute Reed's Product Line LOS ANGELES--(Business Wire)--Reed's, Inc. (NASDAQ:REED) announced today that Atlas Distributing, Inc., a full-line beer and beverage distribution company, has agreed to distribute Reed's product line throughout Central Massachusetts. Christopher Reed, Founder and CEO of Reed's, Inc., stated, "Atlas Distributing is an innovator in its field and recognized for its comprehensive portfolio of several high growth and quality beer and new age beverage brands. We look forward to utilizing Atlas Distributing's significant regional expertise to increase Reed's brand awareness within an important metropolitan area that represents a population base in excess of one million people." Jack Lepore, Vice President of Finance & Operations of Atlas Distributing, stated, "Since our founding in 1933, Atlas Distributing has established a reputation for innovation within the beverage industry, as evidenced by our continued growth and expansion into new segments of the non-alcoholic beverage business. We are thrilled to add Reed's to our growing 'New Age' beverage product offering." Atlas Distributing, Inc. is a full-line beer and beverage distribution company serving licensed and non-licensed customers throughout the Central Massachusetts market. Atlas Distributing services over 2,500 customer accounts throughout Central Massachusetts including supermarkets, convenience stores, delis and mass merchandisers. In addition to a comprehensive beer offering, Atlas Distributing offers many leading 'New Age' beverage brands including Snapple, Red Bull, Function, Muscle Milk, Jolt and Orangina. About Reed's, Inc. Reed's, Inc. makes the top selling sodas in natural foods markets nationwide and is currently taking its natural food market success into the mainstream markets. Its six award winning non-alcoholic Ginger Brews are unique in the beverage industry being brewed not manufactured and use fresh ginger, spices and fruits in a brewing process that predates commercial soft drinks. In addition, the Company has acquired 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 Juice Brews, Reed's Ginger Candies and Reed's Ginger Ice Creams. Reed's products are sold through specialty gourmet and natural food stores, supermarket chains, retail stores and restaurants nationwide and in Canada. For more information about Reed's, please visit the company's website at: www.reedsgingerbrew.com or call (800) 99-REEDS. SAFE HARBOR STATEMENT Some portions of this press release, particularly those describing Reed's goals and strategies, contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, 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 risks and uncertainties, 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 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-QSB, 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. Integrated Corporate Relations John Mills, 310-954-1105 jmills@icrinc.com Copyright Business Wire 2008
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