Sales and Financial Results for 2006 and Projections for 2007 are Very Strong for the “New Age” Beverage Firm; Reed’s, Inc. (OTCBB: REED)
Reed's Inc. (OTCBB: REED.OB) reported very strong sales and financial results for 2006 and projects further growth in 2007. For 2006, Net Sales increased 10.7% to $10.5 million compared to the same period last year. Gross Profit increased 19.3% to $2.1 million. The Company expects 2007 to be a banner year with first quarter 2007 revenue to increase by approximately 40 - 50%. Further, the outlook for revenue in the full year 2007 is for growth of 20-40%. The Company appears well positioned to achieve strong results in the high growth "New Age" beverage segment for many years to come.…