SOURCE: Reed's, Inc.
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December 14, 2009 12:18 ET
Update: Reed's, Inc. Announces Partnership With GBL Distributing Company
Santa Barbara, CA-Based Beverage Distributor Covers San Luis Obispo, Santa Barbara and Ventura Counties; San Fernando Valley, Pasadena, Glendale & Burbank
LOS ANGELES, CA--(Marketwire - December 14, 2009) - Reed's,
Inc. (NASDAQ: REEDR), maker of the top-selling sodas in natural food
stores nationwide, announced today that it has partnered with Santa
Barbara-based powerhouse GBL
Distributing Company. Thanks to their well trained sales force, GBL has a
distribution reach of over 10,000+ accounts, making them the de facto
distribution leader throughout much of the Central and Southern California
coastline. Currently, GBL distributes a variety of national brand beverage
products including Malt Beverages like Schlitz, Corona, Distilled Spirits,
Premium Domestic Wines from Sonoma, Napa Valley, Santa Ynez Valley, the
Central Coast, and Import wines from South Africa. GBL also distributes an
array of non-alcoholic brands including Function, Welch's, Sweet Leaf,
Steaz, Arrowhead Water, Voss, Jana, Crunk Energy, Jolt, Redline, Langers,
Calypso, EAS, Owater, etc.
Dan Litchfield, President of GBL Distributing Co., commented, "We are
extremely excited about our new distribution partnership with Reed's, Inc.
Selling the #1 premium all natural soft drinks to our customers fills a
void in our product portfolio that we have been searching for. We are not
only excited about carrying the Reed's & Virgil's Premium Soda line, but we
are also looking forward to distributing the Reed's all natural Original
Ginger Chews Candy."
Neal Cohane, Senior VP of Sales & Marketing for Reed's Inc., added, "This
partnership with GBL continues our quest to intelligently and methodically
build our direct to store distribution across the entire West Coast market.
We are continuing to build a contiguous distribution system that will run
from San Diego to Santa Rosa and at the same time deliver sustainable
growth for Reed's and our distributor partners for the future."
About GBL Distributing Company
In 1960, a young entrepreneur named G.B. Litchfield had bought his first
beverage brands and began distributing in the small town of Santa Barbara,
California. As the years passed, G.B. Litchfield had built a very
successful business. Major brands including Regal Pale Ale, Carling Black
Label, Stroh's, Schlitz, Coors, Corona, and Snapple joined his winning
team. Today, the business empire built by G.B. Litchfield is run by his
son Dan Litchfield, Sr. and his grandson, Dan Litchfield, Jr. Together,
this Father-Son Team run the day-to-day business operations of the company.
GBL Distributing Company continues to be the leader in the Distribution
industry. GBL is constantly bringing new brands and innovative marketing
ideas to the market it serves which turn into a higher profit margin for
our retailers and better products for our consumers.
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. 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.