The Alkaline Water Company Expands International Sales Strategy with New Canadian Co-packer, World Choice Bottling
12 Décembre 2018 - 2:00PM
The Alkaline Water Company Inc. (NASDAQ and TSXV: WTER)
(the “Company”), with products bottled under the trademark
Alkaline88®, announced today that it has entered into a new
co-packing agreement (the “Agreement”) with British Columbia,
Canada-based World Choice Bottling Inc. (“World Choice”). World
Choice is scheduled to begin production of Alkaline88® in early
2019 utilizing The Alkaline Water Company’s innovative,
state-of-the-art, proprietary electrolysis beverage process,
expediting the Company’s growth opportunities in both China and
Canada.
“We are delighted to join forces with World Choice to allow us
to supply our Alkaline88® product line across Canada and into the
fast-growing Asian markets, and especially China where we have
already made significant progress over the past 14 months and
expect to announce further developments soon,” said Richard A.
Wright, President and CEO of The Alkaline Water Company Inc. “Our
growth strategy continues to accelerate through additional sales
channels and classes of trade, international expansion, and
extension of our product lines into infused beverages, and our
partnership with World Choice will provide a boost toward our
fiscal 2019 revenue and market share goals.”
About World ChoiceLocally owned and operated,
World Choice Bottling produces co-pack brands at their facility in
British Columbia, Canada. Since 1991, World Choice Bottling
has been working with Canadian and International brand owners to
create and package their perfect product. World Choice
Bottling uses cGMP and HACCP and operates their own in-house lab
for product analysis to ensure safety, quality and peace of
mind. For more information, visit:
http://worldchoicebottling.com/
About The Alkaline Water Company Inc.
The Alkaline Water Company Inc. (NASDAQ and TSXV: WTER) is
a leading producer of premium bottled alkaline drinking water sold
under the brand name Alkaline88®. With its innovative,
state-of-the-art, proprietary electrolysis process, the Company
produces healthy, all-natural and great-tasting alkaline water for
a balanced lifestyle. Founded in 2012, the Company is headquartered
in Scottsdale, Arizona, and focuses on national distribution and
marketing for retail sale of Alkaline88®, one of the fastest
growing premium bottled water brands on the market. To learn more
about The Alkaline Water Company, please visit:
www.thealkalinewaterco.com or connect on Facebook, Twitter,
Instagram or LinkedIn.
About Alkaline Water Products Alkaline88® is a
premier 8.8 pH-balanced bottled alkaline drinking water, enhanced
with Himalayan Pink Rock Salt, and the #1 selling bulk alkaline
water in the United States. The product offers consumers the unique
opportunity to purchase alkaline water in conveniently packaged
500-milliliter, 700-milliliter, 1-liter, 1.5-liter, 3-liter and
1-gallon sizes. Alkaline88® is available in over 40,000
retailers in all 50 states, including national retailers such as
Safeway/Albertsons, Walmart, Kroger, CVS, and other top regional
and local supermarket chains. To find a retailer near you
visit: http://thealkalinewaterco.com/about-us/locations/
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements."
Statements in this news release that are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such forward-looking statements include, among other things, the
following: the Company will continue to grow by executing on its
strategy to add new sales channels and classes of trade, expand
internationally and extend its product lines into flavored and
hemp-infused beverages; and that the partnership with World Choice
will provide a boost toward the Company’s fiscal 2019 revenue and
market shares goals.
The material assumptions supporting these forward-looking
statements include, among others, that the demand for the Company's
products will continue to significantly grow; that the past
production capacity of the Company’s co-packing facilities can be
maintained or increased; that the Company will receive all
necessary regulatory approvals for the production and sale of
CBD/hemp-infused water that there will be increased production
capacity through implementation of new production facilities, new
co-packers and new technology; that there will be an increase in
number of products available for sale to retailers and consumers;
that there will be an expansion in geographical areas by national
retailers carrying the Company’s products; that there will be an
expansion into new national and regional grocery retailers; that
there will not be interruptions on production of the Company’s
products; that there will not be a recall of products due to
unintended contamination or other adverse events relating to the
Company’s products; and that the Company will be able to obtain
additional capital to meet the Company's growing demand and satisfy
the capital expenditure requirements needed to increase production
and support sales activity. Actual results could differ from those
projected in any forward-looking statements due to numerous
factors. Such factors include, among others, governmental
regulations being implemented regarding the production and sale of
alkaline water or any other products, including products containing
CBD/hemp; the fact that consumers may not embrace and purchase any
of the Company’s infused water products; the fact that the Company
may not receive approval for any of its CBD infused products; the
fact that the 2018 Farm Bill may not be passed resulting in CBD
derived from hemp continuing to be a controlled substance under
Schedule 1 of the Controlled Substances Act; the fact that the
Company may not receive approval from the USDA or the FDA for its
CBD/hemp infused products; additional competitors selling alkaline
water and enhanced water products in bulk containers reducing the
Company’s sales; the fact that the Company does not own or operate
any of its production facilities and that co-packers may not renew
current agreements and/or not satisfy increased production quotas;
that fact that the Company has a limited number of suppliers of its
unique bulk bottles; the potential for supply chain interruption
due to factors beyond the Company’s control; the fact that there
may be a recall of products due to unintended contamination; the
inherent uncertainties associated with operating as an early stage
company; changes in customer demand and the fact consumers may not
embrace enhanced water products as expected or at all; the extent
to which the Company is successful in gaining new long-term
relationships with new retailers and retaining existing
relationships with retailers; the Company’s ability to raise the
additional funding that it will need to continue to pursue its
business, planned capital expansion and sales activity; competition
in the industry in which the Company operates and market
conditions. These forward-looking statements are made as of the
date of this news release, and the Company assumes no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements, except as required by applicable law,
including the securities laws of the United States and Canada.
Although the Company believes that any beliefs, plans, expectations
and intentions contained in this news release are reasonable, there
can be no assurance that any such beliefs, plans, expectations or
intentions will prove to be accurate. Readers should consult all of
the information set forth herein and should also refer to the risk
factors disclosure outlined in the reports and other documents the
Company files with the SEC, available at www.sec.gov, and on the
SEDAR, available at www.sedar.com.
The Alkaline Water Company Inc.
Richard A. Wright President and CEO 480-656-2423
investors@thealkalinewaterco.com
MediaElizabeth Van EveryBurson Cohn &
Wolfe212-614-3881Elizabeth.vanevery@bcw-global.com
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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