Coastal Holdings, Inc. announces reverse merger with Aqua Gold International Inc., is now completed. Wednesday April 4, 10:24 am ET
HOUSTON, TX, April 4 /PRNewswire-FirstCall/ - Coastal Holdings, Inc. (PINKSHEETS: COHG - News) is proud to announce that the reverse merger process with Aqua Gold International, Inc. is now completed. Both parties are extremely satisfied with the conditions of the definitive reverse merger agreement. Aqua Gold International will now have officially acquired (within the next 30 working days) all of the outstanding common stocks of Coastal Holdings as agreed in the previously announced LOI. ADVERTISEMENT
As stated in the January 5th Press Release, and after reviewing all of its strategic options, Coastal Holdings determined that a reverse merger with Aqua Gold International is the most effective way to enhance shareholder value. This decision was based on Aqua Gold's existing high quality asset and expandable revenue base, experienced management team and high-growth profile we have been able to appreciate through due diligence process.
Aqua Gold's natural spring water is already enjoyed by millions of consumers in United States and Canada under a private label. The bottled water is distributed in superstores such as: Wal-Mart, grocery stores, convenience stores and gas stations.
Aqua Gold is a Canadian Corporation involved in the marketing and distribution of premium natural spring water. "AQUA GOLD" brand manufacturer is recognized by: Wal-Mart, The Canadian Bottled Water Association (CBWA), The International Bottled Water Association (IBWA), and The National Sanitation Foundation as a superior quality producer. Aqua Gold's standards of excellence far surpass our competition. We recognize that the consumer is looking for safe, good tasting water and we strive to deliver exactly that. Aqua Gold is committed to producing the best quality, purest tasting natural spring water available on the market. We select our spring water sources according to very high internal standards. These standards are far more stringent than the US Food and Drug Administration (FDA's), the CBWA's and IBWA's.
For more information on Aqua Gold International, Inc. please contact Mr. Manuel Da Silva at (514) 886-9079 or visit our Corporate website at www.aquagoldinternational.com.
Forward-Looking Statements
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