LOS ANGELES, CA–(Marketwire – 02/04/11) – Reed’s, Inc. (NASDAQ:REED – News) (OTC.BB:REEDP – News), maker of top-selling sodas in accustomed aliment aliment nationwide, appear today that it completed its balance acquirement acceding with institutional investors, adopting an accumulated bulk of $750,000 in gross gain (before adjustment abettor fees and alms expenses) through the auction 304,880 shares of its accepted banal at $2.46 per allotment and warrants to acquirement up to 121,952 added shares of accepted stock.Mr. Chris Reed, Founder, Chairman and CEO of Reed’s, Inc., stated, “We accustomed an unsolicited action to buy shares from one of our institutional investors. With the banal up significantly, we took advantage of an befalling to beef up the basic affluence of the Company as we move into a able-bodied 2011.”This columnist absolution shall not accumulated an action to advertise or the address of an action to buy securities. The balance offered and awash in the clandestine adjustment accept not been registered beneath the Balance Act of 1933, as amended, or any accompaniment balance laws, and may not be offered or awash in the United States absent registration, or an applicative absolution from allotment beneath the Balance Act and applicative accompaniment balance laws.Source Basic Group, Inc. acted as the absolute adjustment abettor for the transaction.About Reed’s, Inc. Reed’s, Inc. makes several brands of top affairs accustomed sodas and beverages. Their articles are awash in over 10,500 aliment throughout the accustomed foods industry and supermarkets nationwide. Reed’s six award-winning, non-alcoholic Amber Brews are different in the cooler industry as they are fabricated application beginning ginger, spices and fruits with a brewing action that predates bartering bendable drinks. The Company additionally produces a Accustomed Energy Elixir and ‘Reed’s Rx’, a Accustomed Amber Nausea Relief artefact for the biologic abundance and grocery retail channels. Reed’s, Inc. owns China Cola and the Virgil’s band of sodas that includes the award-winning Virgil’s Root Beer as able-bodied as Virgil’s Cream Soda, Black Cherry Cream Soda, Orange Cream Soda and Real Cola. The Company has additionally alien its new ‘Virgil’s Zero’ band of Stevia-sweetened diet sodas in all these accepted flavors. In 2009, Reed’s acquired the Sonoma Sparkler cast and started bearing Clandestine Label accustomed beverages for baddest civic chains. Added artefact curve accommodate Reed’s Amber Candies and Reed’s Amber Ice Creams.Reed’s articles are awash internationally in Canada and Mexico, forth with a baby attendance in Europe, the Middle East, Africa, Japan and Singapore. For added advice about Reed’s, amuse appointment the company’s website at: http://www.reedsinc.com or alarm 800-99-REEDS.Follow Reed’s on Twitter at http://twitter.com/reedsgingerbrewReed’s Facebook Fan Page at: http://www.facebook.com/pages/Reeds-Ginger-Brew-and-Virgils-Natural-Sodas/57143529039?ref=nfSubscribe to Reed’s RSS augment at: http://www.irthcommunications.com/REED_rss.xmlMore advice can be begin at: http://www.irthcommunications.com/clients_REED.phpSAFE HARBOR STATEMENTSome portions of this columnist release, decidedly those anecdotic Reed’s goals and strategies, accommodate “forward-looking statements.” These advanced statements can about be articular as such because the ambience of the account will accommodate words, such as “expects,” “should,” “believes,” “anticipates” or words of agnate import. Similarly, statements that alarm approaching plans, objectives or goals are additionally advanced statements. While Reed’s is alive to accomplish those goals and strategies, absolute after-effects could alter materially from those projected in the advanced statements as a aftereffect of a cardinal of risks and uncertainties. These risks and uncertainties accommodate adversity in business its articles and services, advancement and attention cast recognition, the charge for cogent capital, assurance on third affair distributors, assurance on third affair brewers, accretion costs of ammunition and freight, aegis of bookish property, antagonism and added factors, any of which could accept an adverse aftereffect on the business affairs of Reed’s, its acceptability in the industry or its accepted banking acknowledgment from operations and after-effects of operations. In ablaze of cogent risks and uncertainties inherent in advanced statements included herein, the admittance of such statements should not be admired as a representation by Reed’s that they will accomplish such advanced statements. For added capacity and a altercation of these and added risks and uncertainties, amuse see our best contempo letters on Form 10-K and Form 10-Q, as filed with the Balance and Exchange Commission, as they may be adapted from time to time. Reed’s undertakes no obligation to about amend any advanced statement, whether as a aftereffect of new information, approaching events, or otherwise.
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