Reed’s, traded on NASDAQ, is in the natural foods business, specializing in brewed ginger beverages. Reed’s has also expanded into ginger candy and ice cream products. Clearly passionate about the herb’s benefits, Reeds goes on to explain (on their website) that “Ginger is traditionally used to improve digestion, cure motion and morning sickness and for general health. The latest research is showing ginger to be anti-cancer, to lower cholesterol, and in Europe it is used as an arthritis medicine.”

The stronger partnership announcement with Sprouts, a large health grocer in the Phoenix area with 26 locations, will cover the Southwest and Rocky Mountain regions for Reeds, and positions Reed’s in more mainstream stores in the region. This news is on the tail of the announcement last week of Reed’s agreement with Ralph’s California-based supermarket chain.

Reed’s is currently trading around $2.16, near its 52-week low of $1.50. Its 52-week high, hit nearly

Nascent Wine Company, Inc. (OTCBB: NCTW), DBA Nascent Foodservice, Inc., announced today that the company has signed a letter of intent to sell the Italian food importer and distributor division, Palermo Italian Foods, LLC. The Miami, Florida-based Palermo Italian Foods is being purchased by a group of investors and the current president and director Victor Petrone of Nascent Foodservice.

Sandro Piancone, CEO of Nascent, stated, “The sale of the Palermo Italian Foods improves the company’s financial position and enables us to focus and streamline the organization on our higher margin businesses. While we continue to believe that the value of the Palermo Foods business is significant, we believe it is in the best interest of our stakeholders to focus the organization on opportunities within our core competency of food distribution in Mexico.”

Piancone went on to say that he was glad that Victor Petrone was purchasing the business after serving