Reed’s, an award winning leader in the development of top selling sodas in natural food markets nationwide, announced March 14th that it would present at the Roth Capital Partners 20th Annual Growth Stock Conference (ROTH) to be held February 19th – 20th, 2008 at The Ritz Carlton Hotel in Laguel, CA.
Reeds, Inc. makes and markets New Age beverages, premium ice cream, and candies. Two items in its gourmet line of Ginger Brews, made from fresh ginger, spices and fruits, were recently ranked #2 and #3 among the natural food industry’s top ten sodas. The company markets 15 different beverages, including its acquired Virgil’s Root Beer and China Cola brands, and distributes products through specialty gourmet and natural food stores, supermarket chains, retail stores and restaurants.
Reed’s sales grew 11% last year to $10.5 million, and gross profits rose 9% to $8.4 million. The proceeds from its December IPO allowed the company to expand its sales force and distribution network. As a result, March quarter sales grew 52% year-over-year to $3.0 million.
A Reed’s, Inc. investor presentation is scheduled for Thursday, February 21, 2008 at 9:30 a.m. PT. The presentation will be a live webcast and can be viewed at the Roth Capital Partners 20th Annual Growth Stock Conference section of the Roth Capital Partners website at http://www.rothcp.com. An online replay of this presentation will be available shortly after the live presentation.
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