The specialty beverage sector is a strong sector, with product sales at Reeds, Inc. up strongly.
Reeds, Inc. (REED.OB) recently announced product sales for the fourth quarter and year ended December 31, 2006. For the quarter ended December 31, 2006, sales increased 10.1% to $2.6 million, from $2.3 million for the same period last year. For the year ended December 31, 2006 sales were $10.5 million, a 10.7% increase from $9.5 million for the prior year.
Reed’s, Inc. develops, manufactures, markets and sells innovative, all natural, non-alcoholic beverages, candies and ice creams. Its non-alcoholic Ginger Brews are unique in the beverage industry being brewed from fresh ginger, spices and fruits.
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