Reed's Inc. Common Stock Approved for Listing on The NASDAQ Capital Market
LOS ANGELES--Reed's, Inc. (OTCBB:REED) announced today that it has received notification from the NASDAQ Stock Market LLC that Reed's common stock is approved for listing on The NASDAQ Capital Market. Reed's is currently going through the required regulatory processes associated with the switch and expects its common stock to begin trading on NASDAQ under the symbol "REED" on Tuesday, November 27, 2007. Reed's common stock will continue to trade on the OTC Bulletin Board under its current symbol "REED" until such date.
Christopher Reed, Founder and CEO of Reed's, Inc., stated, "The approval of our stock for listing on NASDAQ represents a significant milestone in Reed's progress and development as a publicly traded company. We are tremendously proud of this accomplishment which represents the completion of several steps we have taken to financially position Reed's for future growth. We remain extremely excited about our market position and growth prospects and believe the listing on NASDAQ will give Reed's the ability to attract a larger segment of the financial markets and provide improved liquidity."
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 paragraphs of this press release, particularly those describing Reed's, Inc.'s strategies, contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1993, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While Reed's, Inc. 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 factors, 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, Inc., its reputation in the industry or its expected financial return from operations. Factors such as these could have an adverse effect on Reed's, Inc.'s results of operations. In light of significant uncertainties inherent in forward-looking statements included herein, the inclusion of such statements should not be regarded as a representation by Reed's, Inc that they will achieve such forward-looking statements.
Contacts
Reed's, Inc.
Christopher Reed, Founder and CEO
310-217-9400 ext. 10
or
Integrated Corporate Relations
John Mills
310-954-1105
jmills@icrinc.com
Christopher Reed, Founder and CEO of Reed's, Inc., stated, "The approval of our stock for listing on NASDAQ represents a significant milestone in Reed's progress and development as a publicly traded company. We are tremendously proud of this accomplishment which represents the completion of several steps we have taken to financially position Reed's for future growth. We remain extremely excited about our market position and growth prospects and believe the listing on NASDAQ will give Reed's the ability to attract a larger segment of the financial markets and provide improved liquidity."
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 paragraphs of this press release, particularly those describing Reed's, Inc.'s strategies, contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1993, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While Reed's, Inc. 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 factors, 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, Inc., its reputation in the industry or its expected financial return from operations. Factors such as these could have an adverse effect on Reed's, Inc.'s results of operations. In light of significant uncertainties inherent in forward-looking statements included herein, the inclusion of such statements should not be regarded as a representation by Reed's, Inc that they will achieve such forward-looking statements.
Contacts
Reed's, Inc.
Christopher Reed, Founder and CEO
310-217-9400 ext. 10
or
Integrated Corporate Relations
John Mills
310-954-1105
jmills@icrinc.com
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