NEW YORK, July 16, 2009 (GLOBE NEWSWIRE) -- AQUAGOLD INTERNATIONAL (Pink Sheets:AQUI), a global distributor of premier Canadian spring water products, announces receipt of a letter of support from eleven organizations and associations in China regarding the launch of AQUAGOLD Premier Canadian Spring Water in China. The letter is addressed to AQUAGOLD INTERNATIONAL, its bankers, the Government of Canada, the U.S. Stock Exchange, and other supporting organizations and personnel.
In the letter, these organizations pledge their support for sales of AQUAGOLD products in China. They state that they will contribute their capabilities as well as sincerity and support in regard to AQUAGOLD Premier Canadian Spring Water and confirm their plan to import significant volume in 2009. They state their belief that there is an extremely large consumer demand and market for top quality water in China, and that they expect the sales and distribution of AQUAGOLD's product to be extremely well received.
The list of organizations supporting AQUAGOLD in China as per this letter includes large corporations such as Oriental International Holding Shanghai Foreign Trade Co. Ltd., China Lianhua Supermarket Holdings Co. Ltd., and the China Wolong Group. Specialized food and related industry organizations include the Shanghai Food Import Enterprise Association, the Shanghai Hotel and Restaurant Association, and the Shanghai ShunFeng Restaurant Group. National and international organizations include the Canada China Business Council, the World Association of Chinese Entrepreneurs, and the International China CEO Association. Other specialized industry organizations include the Shanghai Tieato Trade Corporation and the Tera Wellness Club, one of the largest and most prestigious fitness groups in China with over 100 exclusive clubs nationwide.
"York Tang has elicited stronger support from business leaders than we had planned for," states Marc-Olivier Hassoun, VP of Asian Market Sales, "providing an extremely receptive environment for our products and efforts going forward in China. Support from these business leaders, as well as endeavors such as the Superface television series allow us powerful avenues for brand recognition and development that set the stage for further market expansion in very significant ways. The fact that our product is associated with such prestigious companies and associations in China, where relationships are of paramount importance, underpins our branding and marketing efforts that we believe will lead to solid and substantial future growth."
About AQUAGOLD INTERNATIONAL
AQUAGOLD INTERNATIONAL is pursuing its mission to provide premier Canadian spring water products to the world. Its vision is to distribute its products globally and to become a leading distributor of some of the most recognized brands in the market. The company's mission and vision have begun in China with its first bottled water product, AQUAGOLD Premier Canadian Spring Water.
The information in this press release may involve guidance, expectations, beliefs, plans, intentions or strategies regarding the future. Except for historical information contained herein, all such statements included in this press release are forward-looking statements and are made by AQUAGOLD INTERNATIONAL, INC. in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. All forward-looking statements are based upon information currently available. Although Management believes that the expectations reflected in such forward-looking statements are reasonable, it cannot give any assurances that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. Numerous factors could cause or contribute to such differences. The following risk factors, among others, could cause actual results to differ materially from those described in any forward-looking statements. These risks and uncertainties include, but are not limited to, economic conditions, consumer spending, changes in the law or regulations, demand for products and services of the company, the competitive environment within the industry, the economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.