Published:
Reed's, Inc. Updates Calendar for Rights Offering

Reed's, Inc. (NASDAQ: REED), maker of the
top-selling sodas in natural food stores nationwide, announced today that
certain dates have been adjusted to the calendar for its previously announced
rights offering of Series B Convertible Preferred Stock. Due to the November
11, 2009 holiday, the last day to buy stock and receive rights will be November
9, 2009, and the Shares will trade ex-rights on November 10, 2009. The record
date remains unchanged at November 13, 2009. The complete updated calendar is
as follows:
Important Dates
Last Day to Buy Stock and Receive Rights November 09, 2009(1)
Shares Trade Ex-Rights November 10, 2009
Record Date November 13, 2009
Subscription Period From November 16, 2009 to
December 14, 2009(2)
Rights Eligible for Trading November 17, 2009
Last Day Rights May Be Traded December 9, 2009(2)
Expiration Date December 14, 2009(2)
(1) Assumes three day settlement.
(2) Unless the offering is extended.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy these securities, nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of any
such state. The securities may only be offered by means of a prospectus,
additional copies of which may be obtained, when available, by contacting the
information agent, MacKenzie Partners, Inc., at 105 Madison Avenue, New York, NY
10016, toll-free: (800) 322-2885, collect: (212) 929-5500.
Reed's, Inc.
Reed's, Inc. makes the top selling sodas in natural food markets nationwide and
is currently selling in 10,500 supermarkets in natural foods and mainstream. Its
six 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. In addition,
the Company owns the top selling root beer line in natural foods, the Virgil's
Root Beer product line, and the top selling cola line in natural foods, the
China Cola product line. Other product lines include: Reed's Ginger Candies and
Reed's Ginger Ice Creams.
Reed's products are sold through specialty gourmet and natural food stores,
mainstream supermarket chains, retail stores and restaurants nationwide, and in
Canada. For more information about Reed's, please visit the company's website
at:http://www.reedsgingerbrew.com or call 800-99-REEDS.
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.
Copyright © 2009, MarketWire
Copyright © 2009, NewsBlaze,
Daily News
Tags: ,Food and Beverage:Retailers, FoodandBeverage:Beverages, Retail:Supermarkets, ,NASDAQ01,NASDAQ01,CA,LOS ANGELES, CA