Reed’s, Inc. (REED.OB) Files 10QSB Detailing a Significant Increase in Net Sales
Reed’s develops, manufactures, markets, and sells natural non-alcoholic and “New Age” beverages, candies and ice creams. The company currently offers six unique product lines including, Reed’s Ginger Brews, Virgil’s Root Beer and Cream Sodas, China Colas, Reed’s Ginger Brews, Reed’s Candies, and Reed’s Ginger Ice Creams. This morning, Reed’s released its quarterly report to the public. Net sales increased 10% from $3,157,818 to $3,472,360 for the quarter ended June 30, 2007 compared to the same period last year. The company believes the increase in net sales over this period were caused by its successes in its Southern California direct distribution…