Reed's, Inc. Announces Enhanced Partnership With Haggen, Inc.
LOS ANGELES--(BUSINESS WIRE)--Reed's, Inc. (NASDAQ: REED) announced today that it has formed an expanded partnership with Haggen, Inc., which operates 33 grocery stores in Washington and Oregon. Haggen carries a wide variety of natural and organic products, including select Reed's Ginger Brews & Virgil's All Natural Sodas, and has committed to begin carrying Reed's full product line throughout all of its Haggen Food & Pharmacy, TOP Food & Drug and Larry's Market stores.
Christopher Reed, Founder and CEO of Reed's, Inc., stated, "Our enhanced partnership with Haggen reflects Reed's commitment and success in expanding into the mainstream marketplace. As a leading retailer of natural and organic products in Washington and Oregon, Haggen represents a significant opportunity to increase brand awareness in the Pacific Northwest."
Carl Bertrand, Region Manager for Reed's, Inc., commented, "With this new partnership, we look forward to driving the Reed's brand through the development of full year ‘partner-with-purpose' marketing plans, in-store sampling campaigns, Weekly Ad/Circular participation and additional promotional efforts which will greatly expand our reach with Haggen consumers in Washington and Oregon."
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 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 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.
About Haggen, Inc.
Haggen, Inc., operates 33 supermarkets in Washington and Oregon under the Haggen Food & Pharmacy, TOP Food & Drug and Larry's Market names. Headquartered in Bellingham, Wash., it is the largest independent grocer and sixth-largest private company based in the State of Washington. For more information, visit www.Haggen.com and www.Top-Foods.com.
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.
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