Reed’s, Inc. (REED) Finds Itself in the News Again
QualityStocks (July 7th, 2008) Writes:
In the past, Reed’s, Inc. has been featured in many publications, and today the company announced to its subscribers that it has been appearing in even more publications recently. In USA Today, Reed’s Virgil’s Diet Root Beer was named a “hit”. The root beer isn’t made with any artificial sweeteners, but instead perfectly blended with a number of different herbs and spices. Commenting on the exquisite taste, the article stated, “No question that this particular soda would make the perfect rootbeer float.”
The company also grabbed the attention of WallStreetNewsReporter, who interviewed CEO Christopher Reed. Reed’s, Inc. expects 2008 revenues to exceed last year’s revenues of $13 million by up to 20%. In order to meet increasing demand, the company is streamlining its business operations, refining its target market, and has upped the brewing capacity to handle up to $75 million in annual sales.
The company’s beverages are not the only products getting attention, however,
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