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Jones Soda
Jones Soda Co. is a beverage company based in Seattle, Washington, United States. It bottles and distributes soft drinks, non-carbonated beverages, energy drinks, and candy.
The Jones Soda brand was started by Peter Van Stolk in 1995. Van Stolk was the president and founder of Urban Juice and Soda Company Ltd., a beverage distributor in Western Canada.
By 2000, over 85% of its revenues came from the Jones Soda brand, and the company officially changed its name to Jones Soda and moved its headquarters from Vancouver to Seattle. In November 2006, Jones Soda announced that it would replace high fructose corn syrup (HFCS) in its products with cane sugar (in the form of an inverted syrup). On January 22, 2007, Jones Pure Cane Soda was launched in 12-ounce cans. By April 2007, all of the company's products switched to cane sugar, except for its energy drinks, which changed that fall.
In 2007, the company announced an $11.6 million loss, due to the attempted expansion into the canned-soda market, whose barriers to entry were high against mass-produced Coca-Cola and Pepsi.
In 2008, Jones Soda announced a second-quarter loss and the downsizing of 42 employees (40% of its workforce), cutting costs a little over $2.6 million annually.
In March 2010, Jones Soda agreed to allow rival, Reed's, Inc., to purchase the company at a steep discount. Later in the month, Jones backed out of the purchase. The company then named former Talking Rain president William Meissner as President and CEO.
In June 2010, the company announced a distribution deal with Walmart and $10 million in financing from Glengrove Small Cap Value Ltd.
In June 2011, Jones moved out of its South Lake Union headquarters to a building in Pioneer Square opposite CenturyLink Field.
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Jones Soda
Jones Soda Co. is a beverage company based in Seattle, Washington, United States. It bottles and distributes soft drinks, non-carbonated beverages, energy drinks, and candy.
The Jones Soda brand was started by Peter Van Stolk in 1995. Van Stolk was the president and founder of Urban Juice and Soda Company Ltd., a beverage distributor in Western Canada.
By 2000, over 85% of its revenues came from the Jones Soda brand, and the company officially changed its name to Jones Soda and moved its headquarters from Vancouver to Seattle. In November 2006, Jones Soda announced that it would replace high fructose corn syrup (HFCS) in its products with cane sugar (in the form of an inverted syrup). On January 22, 2007, Jones Pure Cane Soda was launched in 12-ounce cans. By April 2007, all of the company's products switched to cane sugar, except for its energy drinks, which changed that fall.
In 2007, the company announced an $11.6 million loss, due to the attempted expansion into the canned-soda market, whose barriers to entry were high against mass-produced Coca-Cola and Pepsi.
In 2008, Jones Soda announced a second-quarter loss and the downsizing of 42 employees (40% of its workforce), cutting costs a little over $2.6 million annually.
In March 2010, Jones Soda agreed to allow rival, Reed's, Inc., to purchase the company at a steep discount. Later in the month, Jones backed out of the purchase. The company then named former Talking Rain president William Meissner as President and CEO.
In June 2010, the company announced a distribution deal with Walmart and $10 million in financing from Glengrove Small Cap Value Ltd.
In June 2011, Jones moved out of its South Lake Union headquarters to a building in Pioneer Square opposite CenturyLink Field.