Jones Soda Co. to Cancel 451,250 Escrow Shares

SEATTLE–(BUSINESS WIRE)–Jan. 10, 2002–Jones Soda Co. (the “Company” or “Jones Soda”)(OTCBB:JSDA – news; CDNX:JSD – news), announced today that it has received regulatory approval to purchase and then cancel 451,250 common shares.

The Company elected to purchase and retire escrow shares from those individuals who are no longer principals in the Company and as permitted by the Escrow Agreement of May 27, 1993.

Subsequent to the completion of this transaction, the common shares in the Company will decrease from 20,251,846 to 19,800,596.

Headquartered in Seattle, Washington, Jones Soda Co., manufactures its Jones Soda, Jones Juice, Jones Energy and Whoopass brands and sells it 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.

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