LOS ANGELES, Dec. 03, 2015 (GLOBE NEWSWIRE) -- Reed’s, Inc. (NYSE MKT:REED), maker of the top selling craft sodas nationwide today announced that it has partnered with DP Distribution, LLC (DP), one of the largest US based independently owned distributors, headquartered in Miami, FL. With over 75 years of experience, DP has developed relationships with the world’s premier brands including Coca-Cola, Campbell’s, Dr. Pepper Snapple Group and P&G, providing direct-to-store distribution throughout Puerto Rico, the Caribbean, Central and South America.
DP recently began distributing Reed’s Extra and Premium Ginger Brews, along with Virgil’s Root Beer, Cream Soda and Flying Cauldron Butterscotch Beer to multiple channels of business including grocery, convenience, natural/specialty and many more. Neal Cohane, Senior Vice President of Sales stated, “We are extremely excited about our partnership with DP and the distribution footprint they are providing for our Reed’s and Virgil’s family of brands in an untapped marketplace. DP will allow our company to leverage their extensive supply chain and sales force to create brand presence for our brands in one of the most dynamic regions in the world. As we solidify our partnership with DP, it will allow Reed’s to tap into many other points of distribution like cruise ships, hotels, resorts, casinos, drug stores, restaurants and all on-premise accounts that DP currently services. The Caribbean has been thirsting for Reed’s craft sodas and our new partners will deliver!”
About DP Distribution
Dade Paper (or DP as it is known in the trade) started out in 1939 and today is one of the largest independently owned distributors in the United States. Based in Miami, FL, we have 25 locations strategically located throughout the US and Puerto Rico. Our vast reach allows us to service much of the US as well as Central and South America, the Islands and Caribbean. DP is continually focused on growth opportunities, such as increasing the products and categories offered.
Our division, DP Distribution, focuses on providing our accounts with consumer packaged goods. As your partners in distribution, we understand your needs and strive to meet and exceed them every day. With a proven track record of outstanding performance in customer service, order fulfillment, delivery, product education, and product offerings, we are always looking to help you achieve success. We offer products across the board and from many different categories so that we truly can be your one stop shop. With our vast product offerings, we eliminate your need to rely upon multiple suppliers for order fulfillment. All of the products needed to stock your shelves as well as run and maintain your operation are here under one roof.
Working on very tight margins and dealing in high volume, we are able to establish pricing that keeps you extremely competitive while at the same time never compromising the outstanding service you’ve come to expect.
About Reed’s, Inc.
Reed's, Inc. makes the top-selling natural sodas in the natural and craft foods industry, which are sold in over 15,000 natural and mainstream supermarkets nationwide. In addition, Reed's products are sold through specialty gourmet, natural food stores, retail stores, convenience stores and restaurants nationwide and select international markets. Its seven 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. The Company owns the top-selling root beer line in natural foods, the Virgil's Root Beer product line, and a top-selling cola line in natural foods, the China Cola product line. In 2012, the Company launched its Reed's Culture Club Kombucha line of organic live beverages. Other product lines include Reed's Ginger Candies and Reed's Ginger Ice Creams. The company celebrated 25 years of hand-crafting the best sodas in the world, naturally, in 2014.
For more information about Reed’s, please visit the Company’s website at: http://www.reedsinc.com or call 800-99-REEDS.
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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 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.
Reed's, Inc. Investor Relations (310) 217-9400 ext. 18 Email: ir@reedsinc.com www.reedsinc.com
