Boreal Water Collection Inc.'s Application to be Designated as a Regionally Significant Project and To Have Empire Zone Expanded
20 Octobre 2009 - 4:13PM
PR Newswire (US)
KIAMESHA LAKE, NY, Oct. 20 /PRNewswire-FirstCall/ -- Boreal Water
Collection Inc. ("Boreal") (OTC:BRWC.PK-News) is pleased to
announce that on October 15, 2009 the Sullivan County Legislature
approved expansion of the New York State Empire Zone boundaries to
include Boreal's current plant located in Kiamesha Lake, N.Y. as
well as moving forward to designate Boreal as a Regionally
Significant Project. These approvals will provide economic
incentives for Boreal to invest $4.2 million in the expansion and
modernization of their facility and create sixty (60) new jobs in
Sullivan County over the next three (3) years. Francine Lavoie,
President and CEO of Boreal noted "The Sullivan County community
has been so strong in its support of our efforts to build our
company in the United States. We are appreciative of the hard work
of the Sullivan County Legislature and their Chairman Jonathan
Rouis, the Sullivan County Industrial Development Agency and its
President Alan Scott, President Tim McCausland and Vice President
Susan Jaffee of the Sullivan County Partnership for Economic
Development and The Town of Thompson and Supervisor Tony Cellini.
Boreal's inclusion in the Empire Zone will facilitate the growth of
our business and job creation in the community. I am happy that we
can grow our business in Sullivan County." Boreal
(http://www.borealwater.com/) is a personalized bottled water
company specializing in premium custom bottled and labeled water.
In April, 2009 Boreal acquired the spring water business of Leisure
Time Spring Water, based in Kiamesha Lake, New York. Since that
time Boreal has focused on transitioning Leisure Time's resources
to the high-end private label bottled water business.
Forward-Looking Statements Please be advised that statements made
herein, other than historical data, constitute forward-looking
statements that involve risks and uncertainties that could cause
actual results to differ materially from those stated or implied by
such forward-looking statements. The potential risks and
uncertainties include, among others, potential volatility in the
company's stock price, increased competition, customer acceptance
of new products and services offered by the company, and
uncertainty of future revenue and profitability and fluctuations in
its quarterly operating results. Please also be advised that the
company's stock is not currently registered with the Securities and
Exchange Commission. CONTACT: on Boreal Water Collection, please
contact Jacob Billig, Billig Loughlin & Baer LLP, (845)
794-3833 or email DATASOURCE: Boreal Water Collection Inc CONTACT:
on Boreal Water Collection, please contact Jacob Billig, Billig
Loughlin & Baer LLP, (845) 794-3833 or email
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