Reed's, Inc. Announces New Board Appointment
January 11 2018 - 8:30AM
Reed’s Inc. (NYSE American:REED) (“Reed’s” or the “Company”), owner
of one of the nation’s leading portfolios of handcrafted, natural
beverages, today announced the appointment of Dan Doherty,
Principle of Raptor/Harbor Reeds SPV LLC. to the Reed’s Board
of Directors effective January 10, 2018.
Mr. Doherty commented, “As one of the lead
investors in Reed’s, I am happy to accept the invitation to join
the Board of Directors and help support the strategic growth of the
Reed’s and Virgil’s brands. Reed’s is well capitalized and
has a strong leadership team, an excellent network of operating and
retail partners and great tasting and refreshing natural beverages
that have been embraced by our loyal customers for more than 25
years. There are many new and exciting developments in store,
and we see great things ahead for Reed’s in 2018 and beyond.”
The Company also announced today that Charles
Cargile resigned from the Board of Directors effective January 6,
2018. Mr. Cargile commented, “I am confident that Reed’s is
well positioned for success and has made great progress in the last
year. I am also confident that Dan Doherty will provide
a great contribution. After joining the Reed’s board of
directors, I became the Chief Executive Officer of Sunworks
(NASDAQ:SUNW), I now need to devote more of my time to
Sunworks. I will continue to be a huge supporter and
shareholder of Reed’s.”
About Reed’s, Inc.Established
in 1989, Reed’s has sold over 500 million bottles of its category
leading natural, handcrafted beverages. Reed’s is America’s #1
selling Ginger Beer brand and has been the leader and innovator in
the ginger beer category for decades. Virgil’s is America’s #1
selling independent, natural craft soda brand. The Reed’s Inc.
portfolio is sold in over 20,000 retail doors across the natural,
specialty, grocery, drug, club and mass channels nationwide.
Reed’s Ginger Beers are unique to the category because of the
proprietary process of hand brewing its award-winning products
using fresh organic ginger combined with natural spices and fruit
juices. Reed’s Ginger Beers come in three levels of increasing
ginger intensity that deliver a delicious and powerful ginger bite
and burn that can only come from fresh ginger root. The Company
uses this same handcrafted approach and dedication to the highest
quality ingredients in its award-winning Virgil’s line of great
tasting, bold flavored craft sodas.
For more information about Reed’s,
please visit the Company’s website at:
http://www.reedsinc.com or call
800-99-REEDS.
Follow Reed’s on Twitter at
http://twitter.com/reedsgingerbrew Reed’s
Facebook Fan Page at
https://www.facebook.com/reedsgingerbrew
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-K, Form 10-Q and Form S-1, 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.
CONTACT: Reed's, Inc. Investor
Relations (310) 217-9400 Ext 6Email: ir@reedsinc.com
www.reedsinc.com
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