The Alkaline Water Company Inc. (NASDAQ and
TSXV: WTER)(the “Company”), a leading producer of premium
bottled alkaline drinking water sold under the brand name
Alkaline88®, today announced it has entered into a Management and
Services Agreement with Austin, Texas-based Water Source One
(“WSO”) to expand its production and distribution capabilities.
Under the agreement, Water Source One will assist the Company in
managing the production and distribution of its flagship
Alkaline88® premium bottled alkaline drinking water across the
United States, including providing customer service and regulatory
support, quality assurance management, and raw materials and
logistical support.
As WSO is one of the country’s premier producers and suppliers
of bottled water products, the Company is confident that this
partnership will allow it to aggressively scale the Alkaline88®
brand. Specifically, the Company expects this partnership to
benefit its product line in a number of ways and help it sustain
continued growth, including:
- Water Source One supplies from more than 30 strategically
placed bottling facilities located across the U.S. that all meet or
exceed FDA regulations and are Safe Quality Food (SQF) certified.
These facilities are expected to enable the Company to lower
shipping costs and solidify its growing national manufacturing
footprint.
- Water Source One has the manufacturing capability to support
the growing demand the Company is seeing for its products and to
enable it to scale production and distribution as the Alkaline88®
brand continues to expand.
- The Company expects to benefit from Water Source One’s
experienced management team. Many WSO team members are long-term
veterans from major beverage companies such as Nestle and
Coca-Cola.
- Water Source One has a proven track record of success, with
over 100 years of aggregate operating history and growth.
“We are excited to partner with Water Source One, one of the
leading producers and suppliers of branded and private-label
bottled water products in the United States. Its network of over 30
bottled water plants across the United States and its production
expertise make Water Source One the ideal partner to expand our
infrastructure to support our extensive growth plans,” remarked
Richard A. Wright, president and CEO of The Alkaline Water Company
Inc. “Our sales are expected to continue to grow exponentially with
national account expansion, the addition of new sales channels and
classes of trade, and international expansion. We expect to launch
infused beverages like our all-natural flavored Alkaline Water and
Hemp Water, which is expected to further enhance our sales. The
partnership with Water Source One will provide the necessary
production, distribution infrastructure and associated support our
growth plans.”
“We are thrilled to work with The Alkaline Water Company and
participate in their remarkable growth, as more and more retailers
and consumers across the country recognize the benefits of alkaline
water and of their leading brand, Alkaline88®. Our bottling and
distribution facilities will allow The Alkaline Water Company to
continue its march towards full national coverage and our teams
will work well together and complement one another to benefit both
companies,” commented Dave Evans, President and CEO of Water Source
One.
The Company fully intends to comply with all federal, state, and
local laws, rules and regulations as the Company develops its
hemp-infused alkaline water and other nutraceutical product lines.
The Company will not pursue the production or sale of hemp-infused
products until legally permitted and all necessary approvals have
been obtained.
About Water Source One Water Source One,
headquartered in Austin, Texas, is a leading producer and supplier
of branded and private label bottled water products in the United
States. The company’s bottled water products include spring
water, purified drinking water, distilled water and various
enhanced bottled water products. These products are packaged
in both PET and HDPE bottles and range in size from 10 ounces to
2.5 gallons. Water Source One is currently supplying bottled
water products to major retailers from 30 bottled water plants
across the United States. For more information
visit http://watersourceone.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 47,500 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/where-to-buy/
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: that the Company is confident that this
partnership will allow it to aggressively scale the Alkaline88®
brand and expand its infused beverage division; that the Company
expects this partnership to benefit its product line in a number of
ways and help it sustain continued growth; that Water Source One’s
facilities are expected to enable the Company to lower shipping
costs and solidify its growing national manufacturing footprint;
that Water Source One has the manufacturing capability to enable
the Company to scale production and distribution as the Alkaline88®
brand continues to expand; that the Company expects to benefit from
Water Source One’s experienced management team; that Water Source
One is the ideal partner to expand the Company’s infrastructure to
support its extensive growth plans; that the Company’s sales are
expected to continue to grow exponentially with national account
expansion, the addition of new sales channels and classes of trade,
and international expansion; that the Company expects to launch
infused beverages like our all-natural flavored Alkaline Water and
Hemp Water, which is expected to further enhance its sales; that
the partnership with Water Source One will provide the necessary
production, distribution infrastructure and associated support the
Company’s growth plans; and that Water Source One’s bottling and
distribution facilities will allow the Company to continue its
march towards full national coverage and Water Source One’s and the
Company’s teams will work well together and complement one another
to benefit both companies.
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 even though the Farm Bill was passed into law, the
Company may not receive approval from state and local regulatory
bodies 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
Media
Elizabeth 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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