SEATTLE, May 2, 2002 (PRIMEZONE) -- Jones Soda Co. (the "Company" or "Jones Soda") (OTCBB:JSDA) (CDNX:JSD) today announced that Matt Kellogg, a director of the Company, has been appointed Executive Chairman by the Company's Board of Directors. In his role as Executive Chairman, Mr. Kellogg will work full time at Jones Soda's headquarters and will have overall responsibility for all aspects of the Company's operations.
The appointment of Mr. Kellogg is intended to allow Peter van Stolk, the C.E.O. of Jones Soda, to focus on the marketing and branding of the Company's family of products, while Mr. Kellogg will have a particular focus on financial and operational issues.
Mr. van Stolk commented on Mr. Kellogg's role: "The appointment of Matt is a natural step in Jones Soda's business evolution and growth. His focus on operations enables me to concentrate on the important tasks of leading Jones Soda in the marketplace and working more closely with our distributors in selling our products. We believe that this new structure will allow Jones Soda to grow and achieve our sales and profitability goals much faster."
Mr. Kellogg has been a member of Jones Soda's Board of Directors since 1999 and has been a member of the Company's Audit Committee. Since 1998, Mr. Kellogg has served as the Managing Member of Kingfisher Capital, LLC, a diversified investment and asset management business with holdings ranging from consumer products to communications technologies.
Headquartered in Seattle, Washington, Jones Soda Co., manufactures its Jones Soda products through its distribution network in select markets across North America. A leader in the premium soda category, Jones is known for its innovative labeling technique that incorporates always-changing photos sent in from its consumers. Jones Soda is sold through traditional beverage retailers and everywhere you'd never expect to find a soda.
Statements in this press release, and elsewhere that look forward in time or include anything other than historical information involve risks and uncertainties that may affect the Company's actual results of operations. Statements contained in this release regarding the Company's anticipated future results of operations, and on the Company's ability to expand the Jones Soda, Jones Naturals, Jones Energy and Whoopass brands are "forward-looking statements" as the phrase is defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements by the Company are subject to certain risks, including future demand for Jones Soda products, the Company's ability to maintain and expand its distributor network, the ability of its distributors to increase product sales, competition from other businesses providing similar products and the Company's ability to successfully execute its business strategy. These risks and uncertainties, as well as other risks that are relevant to the Company's business and results of operations, are discussed in more detail in the Company's periodic reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, including the Company's Annual Report on Form 10-KSB for the 2001 fiscal year.
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