PLAYA VISTA, Calif., May 09, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- American Premium Water Corporation (OTC: HIPH) CEO Ryan Fishoff provides an update to shareholders on the Company’s progress in the 1st quarter and outlook for the rest of the year. Here is a summary on a number of topics:
Distribution:
“Expanding distribution has been the Company’s key focus since the beginning of the year. We have been working diligently expanding our distribution network, which will drive revenue across the Company’s various brands. Although production delays (related to third-party manufacturing issues and China-US tariffs affecting aluminum supply for new bottles) limited revenue growth in 2018, the Company is well positioned to expand. The Company received a two-container (one container typically holds between 35,000-50,000 units) order from a distributor in England which will generate significant revenue. The Company anticipates this will be the first of many orders from the region, and is excited about prospects in the region (the UK and Europe). Additionally, Vanexxe (www.vanexxe.com) officially launched and has already gotten on Amazon and a fast growing MLM network, opening the door to distribution in Asia for the Company’s products. These developments prompted the Company to issue guidance for FY 19’ with projected revenue of $1million.”
Partnerships:
“The Company has entered into some exciting partnerships that have the potential to increase brand awareness, revenue, and shareholder value. I am very excited about our partnership with Hanlon’s Brewery to jointly develop CBD infused beer. This has the potential to be a big hit across Europe, as the Company is an early entrant’s in this exploding sub-category of the overall worldwide alcoholic industry. I am looking forward to trying my first CBD pint next week when I plan to visit the brewery to check up on the progress of the development. I'll also be working with the UK team to develop a marketing and distribution plan for the CBD beer. I am also very excited for the partnership with LinkRes Pets to produce a CBD-infused water designed specifically for pets. The pet industry in the US is huge, and CBD products for pets is one of the fastest growing sub-category’s in this industry. While there are many CBD oils and treats in the market, there aren’t many beverages (CBD or non-CBD) specifically designed for pets. I think there is a huge opportunity and I am looking forward to the production of the first prototype in the next couple of months. The Company is also engaged in discussions with other potential partners on licensing our Hydro-Nano technology and/or partnering to jointly develop new CBD infused products. I look forward to providing shareholders updates on these in the coming weeks.”
Science:
“The Company has been focusing on the science of our products, and incorporating it into the Company’s marketing and branding. We have made a significant investment in this area, setting up a lab in southern California that will allow the Company to best leverage its proprietary Hydro-Nano formulation. The Company procured some very advanced technology; an Atomic Force Microscope and High Performance Liquid Chromatography machine that will allow for the scalability of the Company’s Hydro-Nano technology. The Hydro-Nano formulation was tested independently, and the analysis showed that the formulation reduces the particle size that delivers CBD to less than one nanometer in diameter. A lot of companies are claiming they have superior technology, but very few have backed those claims with science, and I am proud that we have done so. I challenge any of our competitors to provide a similar level of scientific analysis on bioavailability of their products. I also look forward to the launch of the THC version of our LALPINA branded infused water utilizing the proprietary Hydro Nano formulation. Having the lab based in southern California provides access to the world’s largest cannabis market, and ease of distribution from that location.”
Acquisitions:
“The Company completed its acquisition of plant + body essentials. The CBD-infused cosmetics market is growing exponentially, just as fast as the infused beverage market. This acquisition gives the Company products in the topical and balm segments that allow for expanded distribution into luxury cosmetic channels and those which have not adapted infused beverages. plant + body's previous owner under managed brand; the Company sees tremendous opportunity to grow the business by directing resources to actively manage its e-commerce site and bring the products into wholesale distribution. The deal we did in November with Canyon Create has also begun to pay off, as Vanexxe was launched and has already gotten distribution, and there are discussions with other potential large distribution partners. The Company is constantly looking for acquisition opportunities; the mandate is to find businesses within the cannabis/CBD space that have premium brands or businesses that support the Company's mission to be the leading branding and marketing platform, accelerating the promotion of all the products in the Company’s portfolio. We are in active negotiations with a few different targets and I look forward to updating shareholders about the progress as soon as I am able too.”
Uplisting:
“The Company remains committed to getting a PCAOB audit, filing a form 10, and uplisting to a higher exchange. Our long term goal remains uplisting to the NASDAQ by the end of 2020. The Company has been in discussions with an auditor and is hoping to make an announcement shortly. I believe that if the Company continues to execute its strategic plans, the goal of uplisting to the NASDAQ within the next 18 months is attainable.”
“Lastly, I would like to thank shareholders for their patience and input over these past few months. We have gone through some growing pains, but I am confident that with all that we have accomplished, we have positioned the Company for growth and long-term shareholder value. I appreciate you trusting the process,” concluded Mr. Fishoff
About American Premium Water Corp.
American Premium Water (OTC: HIPH) is a diversified luxury consumer products company focused on businesses in the health and beauty and biotech sectors. The company is focused on harnessing the powers of hydrogen and Nano technologies paired with cannabidiol (CBD) to treat health disorders and enhance quality of life. This business model aims to market emerging fashion brands by leveraging classic retail partners and incorporating disruptive blockchain technologies to expand the retail footprint. The company’s portfolio includes the LALPINA Hydro and LALPINA CBD brands (www.lalpinahydrocbd.com), Gents (www.gentsco.com), Vanexxe (www.vanexxe.com) plant + body essentials (www.plantbodyessentials.com) Worthy, and blockchain platform FashionCoinX (www.FashionCoinX.com).
Safe Harbor Notice
Certain statements contained herein are “forward-looking statements” (as defined in the Private Securities Litigation Reform Act of 1995). American Premium Water Corporation cautions that statements made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections or implied results. American Premium Water Corporation undertakes no obligation to revise these statements following the date of this news release. Additional details of the Company's business can be found in its public disclosures as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.
This press release is issued on behalf of the Board of Directors of American Premium Water Corporation.
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