ORLANDO, Fla., June 26, 2007 (PRIME NEWSWIRE) -- RedChip Independent, a division of RedChip Companies, Inc., announced today that it has issued a research update on Leading Brands Inc. (Nasdaq:LBIX).
Holmes Osborne, CFA, RedChip Research Analyst, wrote in the report:
"Leading Brands has won a contract with 7-Eleven(r) to introduce its TrueBlue(r) juice to 5,300 7-Eleven(r) stores. 7-Eleven(r) will carry two flavors in sixteen ounce bottles: blueberry and blueberry pomegranate. 7-Eleven(r) has 7,300 total stores in North America.
"This is a major boon to Leading Brands as this will allow exposure to the Company's flagship drink throughout North America. As a Canadian company, Leading Brands has only penetrated a few parts of the continent and has much room to expand. In many cities, Leading Brands had no contracts with major supermarkets or convenience stores until now. Leading Brands CEO, Ralph McRae, indicated to us that Leading Brands will initially ship about 100,000 bottles."
To receive an abbreviated sample of the RedChip initial research on LBIX, please visit: http://www.redchip.com/independent/subscriber.asp?page=requestLBIX_Update.
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