The Alkaline Water Company Inc. (NASDAQ and TSXV: WTER),
a leading producer of premium bottled alkaline drinking water sold
under the brand name Alkaline88®, today announced that PITCO Foods
(“PITCO”) will now be selling Alkaline88® to over 12,000 retail
stores across Northern California and Reno Nevada.
This new agreement enhances distribution in a territory where
the Company already holds a dominant market share. Specifically,
Nielsen data ranks Alkaline88® as the 13th best-selling
still-water brand in Southern California. Pitco will be actively
selling Alkaline88® products to their network of over 12,000 retail
stores in California with the support of our recently announced
“Van Program”.
The Van Program is part of a recent agreement through which the
Company is expanding the retail presence of its flagship brand,
Alkaline88® within the convenience store channel across several
territories, including California. The agreement entails marketing
the Alkaline88® brand via customized vans that prominently display
the brand logo as they visit stores within their territories.
“Coupled with our recently announced Van Program that will be
servicing 13,000 independently owned convenience stores throughout
California and certain Texas markets, this new partnership with
PITCO Foods further expands our reach throughout California in the
independently-owned convenience store and related food service
market,” noted Richard A. Wright, President and CEO of The Alkaline
Water Company, Inc. “California has long been an important region
for us, and we expect this new agreement with PITCO Foods, along
with the recently added promotional support of the Van Program,
will enable us to reinforce and grow our sizable market
position.”
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 PITCO Foods
Headquartered in San Jose, California, PITCO Foods is an
innovative wholesale cash & carry and distribution company
driven to provide a great, quality selection at the lowest price
possible. With 4 locations of member’s only warehouses, PITCO Foods
serves over 12,000 independently-owned grocery, convenience, and
liquor stores along with other retailers and food service
operations from Bakersfield to the Northern California border and
Reno Nevada. For more information on PITCO Foods visit
http://www.pitcofoods.com/
About Alkaline Water Products
Alkaline88®is a premier 8.8 pH balanced bottled alkaline
drinking water enhanced with trace minerals and electrolytes. 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. The
Alkaline Water Company Inc. is currently in the midst of a national
mass-market expansion program, where the product is already
available for consumer sales at a growing number of major retail
locations 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: This new agreement enhances distribution in
a territory where the Company already holds a dominant market
share, Coupled with our recently announced Van Program that will be
servicing 13,000 independently owned convenience stores throughout
California and certain Texas markets, this new partnership with
PITCO Foods further expands our reach throughout California in the
independently-owned convenience store and related food service
market, and California has long been an important region for us,
and we expect this new agreement with PITCO Foods, along with the
recently added promotional support of the Van Program, will enable
us to reinforce and grow our sizable market position.
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, the US Drug Association 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
480-656-2423investors@thealkalinewaterco.com
Media
Jessica Starman888-461-2233jessica@elev8newmedia.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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