AQUAGOLD International, Inc. Announces $118 Million in Sales From First Consolidated Sales Contract Friday April 11, 8:30 am ET
LAS VEGAS, NV and MONTREAL--(MARKET WIRE)--Apr 11, 2008 -- AQUAGOLD International, Inc. (Other OTC:AQUI.PK - News) today proudly announces revenue details pertaining to its first announced consolidated sales contract. Following the announcement of partnership with WOLONG HOLDINGS, which now acts as distributor for AQUAGOLD's premium spring water products in China, AQUAGOLD today reveals details of its 8-year sales agreement. AQUAGOLD has proceeded with an initial consolidation of orders stemming from end users at the retail level. This consolidation results in a primary sales contract representing slightly fewer than 17 million cases of product for total revenue of $118 million dollars. The initial purchase orders and means of payment tied in with this contract are currently being finalized. ADVERTISEMENT
Daniel Sauvé, AQUAGOLD's President and CEO, stated, "It is a pleasure to begin to release the highly anticipated details of our business. Our mission is to become the imported water of choice in China. With our strong relationships in China we have the necessary support and marketing structure to make this happen. These sales represent the first numbers of a larger picture soon to be seen by all. This picture is one of a company that works hand in hand with local partners from the ground up and understands what it takes to make AQUAGOLD's brand one of the most recognized in China."
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-------------------- Up Up and Away! Posts: 225 | From: Minneapolis | Registered: Jan 2006
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Just saw this on I hub and agree with it...
I currently see a market cap for AQUI at $4.7MIl with no history at all, but with the recent and pending contract news I see $618Mil in contracts spreading from 5 to 8 years or about $114Mil per year in sales, without any new contract news. Right, so what's the deal with the share price. Even with less than 100Mil shares outstanding. It don't make sense.
And its trading at .05 ???
Posts: 2498 | Registered: Mar 2006
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quote:Originally posted by Stockstar69: Heard that all employees are at the water plant today. Wonder what is going on?
Where did that info come from?
Someone at another board called the company and the receptionist told them that they were all at a meeting.
Posts: 2498 | Registered: Mar 2006
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I could have seen that Friday...It was National Donut Day! Nothing goes with a donut like a good draft. ?
Posts: 2498 | Registered: Mar 2006
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The reason for the silent treatment is due to the company HAS TO MIND THE P's & Q's in order to keep CHINA officials happy.
Posts: 2498 | Registered: Mar 2006
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AQUAGOLD International, Inc. (OTC:AQUI) issues CEO&apos S statement to shareholders - June 12, 2008
M2 PressWIRE - June 13, 2008 - LAS VEGAS, NV and MONTREAL
Attention AQUAGOLD (OTC:AQUI) shareholders,
Earlier this week we received the final certification from China commodity inspections bureau which allows us to import AQUAGOLD Canadian spring water in its completely redesigned packaging. As mentioned at the recent investors meeting held last April in New York City, our new packaging is the result of a concerted effort between both North American and Chinese design agencies. The long process of design essentially reinvented every single aspect of the package: bottle, label, box and an industry innovation in cap design. We have spent the last weeks harmonizing these new elements with our production division.
The relationship with our Chinese partners is one of complete collaboration. Our cooperation is the foundation of the AQUAGOLD business model and the determining factor that allowed us to secure payment by irrevocable letter of credit as also mentioned at the meeting in New York. Our irrevocable letter of credit is an extremely favorable condition which is not granted to imported food products, consignment is the standard in the market.
Our legal counsel has advised us to maintain the current level of compliance.
This being said we are very aware that our current shareholder base is concerned with AQUAGOLD's stock value. As much as we share the desire to achieve solid growth in all aspects of the company, we are focused on our efforts in China. The task that we are accomplishing is a massive undertaking and we are committed to assisting WOLONG HOLDING our general distributor in China in succeeding with our common mission statement: "Making AQUAGOLD spring water products rank among the top 3 imported waters in Asia".
We are working according to our Chinese counterparts' schedule and we applaud their thought out, meticulous and proven approach. As a group we will take every step and all the time necessary to ensure the success of AQUAGOLD'S products as this is our promise to shareholders. We will be very proud to provide you with information of substance on company activities via our corporate website (www.aquagoldinternational.com) and press releases in the very near future.
Sincerely Daniel Sauve President & C.e.O. AQUAGOLD INTERNATIONAL INC.
About AQUAGOLD International, Inc.
AQUAGOLD International, Inc. has developed a national network of retailers and points of sale in preparation for the highly anticipated launch of its line of premium spring water products in China. In 2005, sales of bottled water in China experienced strong growth of 16% (litres) and 15% (RMB/$) to reach 11.2 billion litres and RMB24.1 billion or $3.17 billion USD in volume and current value terms.
AQUAGOLD is actively pursuing additional growth and is focused on growing market share in China as well as the rest of Asia, and the Company anticipates even more substantial opportunities in the near future as the Chinese capital city of Beijing hosts the 2008 Olympic Summer Games.
Forward-Looking Statements
This news release contains forward-looking statements made by AQUAGOLD INTERNATIONAL, INC. in reliance upon the safe harbour provisions of Section 27A of the Securities Act of 1933 and Section 21e of the Securities exchange Act of 1934. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. 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, changes in the law or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events.
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