Jones Extends Target Deal
Jones Soda announced that its distribution deal with Target has been extended until December 31.
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Jones Soda Signs Arizona Distribution Agreement
Jones Soda announced that they have signed a distribution agreement with SPIKE Beverage for Arizona distribution of Jones Soda products.
Peter van Stolk, President and CEO, stated, “SPIKE Beverage has a proven history of building brands in the state of Arizona and we are very pleased and honored to partner with such a strong distributor. This is consistent with our strategy of aligning with strong distribution partners throughout the United States. We are also excited to partner with the brother and sister team of Christopher and Kimberly Clements, the founders of SPIKE Beverage.”
Jones Soda To Raise $30M From Private Placement
Reuters notes that Jones Soda will be raising about $30 million through a private placement of 3.2 million shares. The common shares are being sold to institutional investors at a price of $9.50 per share.
Stock Options Takes A Bite Of Jones’ Earnings
Jones Soda announced that 1Q06 revenue jumped 27%. But with nearly $400,000 in stock options expenses in the first quarter, their earnings were hampered.
Most noteworthy, however, is the huge increase in shareholder’s equity the company is showing on its balance sheet. Equity jumped from $4.78 million in 1Q05 to $7.36 million in 1Q06 - an increase of nearly 54%.
Jones Soda 1Q06 Conference Call
Jones Soda’s 1Q06 earnings conference call will be Thursday, May 4 at 1:30pm Pacific Time. More details in this announcement.
