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Press Release
Reed's, Inc. Retains
IRTH Communications, LLC to Provide Investor Relations
Services
Leading Natural Beverage Company Working With 'Green'
Investor Relations Firm to Increase Investor Exposure
and Implement Social Media Platform
LOS ANGELES, CA--(MARKET WIRE)--Feb
5, 2009 -- Reed's, Inc.
(NasdaqCM:REED) announced today that it has retained Los Angeles, California-based IRTH Communications, LLC, a "Green"
investor relations and communications firm with a focus
on the natural and organic space.
Andrew Haag, Managing partner at
IRTH, commented, "Typically, beverage companies are
valued at a multiple of sales. Reed's is currently trading
at a market cap that represents a discount to sales, which
creates a compelling value proposition for the small cap
investor looking for a high-quality, well branded company
with great upside potential. We believe that Reed's, already
a clear leader in its category, has its strongest growth
ahead of it and we are excited to be involved."
"We are extremely pleased to have
IRTH on board," commented Chris Reed, Founder and
CEO of Reed's, Inc. "Their focus on 'Green' companies
and natural and organic products in particular made them
a perfect fit for Reed's." He added, "Our focus
right now needs to be on the retail investor and in building
relationships with brokers and institutions that see the
value in our company. Having a boutique investor relations
and communications team with a specific focus on natural
and organic living companies instills the energy and enthusiasm
that we need to reach our goals."
Reed's and IRTH will be creating several
different initiatives aimed at increasing corporate exposure
with new investors, as well as current shareholders, customers
and vendors. The company is aware that many of its loyal
customers are also shareholders. As the company grows
and expands its reach in the functional beverage category
it expects that this cross pollination of the customer/investor
base will continue. REED'S strategy going forward, as
it enters new markets and launches new products, is to
further open the lines of communication, access 'new media'
outlets to penetrate the market, and utilize all the resources
available to achieve profitability.
About IRTH Communications, LLC
IRTH Communications provides Investor
Relations, Financial Communications and Strategic Consulting
services to companies focusing on alternative energy,
clean and renewable technology, natural and organic products
and socially responsible activities.
In general, socially responsible investing,
sustainable investing & ethical investing, describes
an investment strategy which seeks to maximize both financial
return and social good. Our focus is to serve "Green"
businesses as a strategic, value-added advisor and partner.
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: http://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." 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:
IRTH Communications, LLC
Mark B. Moline
Managing Partner
760-458-4899
http://www.irthcommunications.com
http://www.twitter.com/irthcomm
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