American Premium Water Corp. Ramps Production and Reduces Costs
PLAYA VISTA, Calif., April 12, 2018 (GLOBE NEWSWIRE) -- American Premium Water Corporation (OTC Pink:HIPH) (the “Company”) announces that they have entered into a long-term supply agreement with a US-based hydrogen beverage supplier enabling the company to increase and streamline production while reducing cost.
This agreement gives the Company a manufacturing partner that has the capability to scale. The first order for LALPINA Hydrogen has already been placed and the product will be available for sale across all channels in the next few weeks.
Ryan Fishoff, CEO American Premium Water Corporation, commented: “This supply agreement is a pinnacle step in establishing LALPINA as the market leader in hydrogen energy products. This agreement not only provides us with a stable supply, but it also allows us to manufacture LALPINA Hydrogen domestically, which will significantly reduce shipping costs. It will also significantly reduce lead times, which will allow us to better utilize capital and not have it tied up with in-transit inventory.”
Previously, HIPH was sourcing its LALPINA Hydrogen from Japan. The Company will still continue its relationship with this supplier as it eyes expansion into Asia, leveraging HIPH’s Gents subsidiary’s joint-venture in China as a platform for Asian expansion.
“In addition to no longer having to ship the product over the Pacific, our new supplier is producing LALPINA in metal cans, which will increase the shelf life of the product by 100%. (90 to 180 days). This will greatly expand the pool of retailers who can now carry our product, expanding our potential reach, maximizing our ability to capture market share and drive revenue growth. The supplier can also produce CBD infused hydrogen and other hydrogen infused products that we are excited about and will be announcing as they become available,” added Mr. Fishoff.
HIPH is still on schedule to release LALPINA Hydrogen CBD by the end of June or sooner. The Company has started initial R&D with its new supplier on developing a hydrogen CBD beverage formulated specifically for the pets. The pet market is currently estimated to be a $26 Billion industry according to the market research firm Packaged Facts.
“The pet food industry is huge. Being a pet owner myself, I know what pet owners will do (and spend) for their pets. I recently learned that Chrissy Teigen tried CBD to ease her bulldog’s pain, and I think hydrogen can be an effective CBD delivery system for pets as well. If my bulldog had the same issues, I would do and spend whatever I had to alleviate its pain. I look forward to working with our new supplier to develop this among products for many other applications. I also want to explore doing a THC/Cannabis beverage for the states where it is legal. These are all products that we can offer to establish LALPINA as the preeminent hydrogen infused brand,” Mr. Fishoff concluded.
American Premium Water Corp is the publicly holding trading company that owns LALPINA HYDROGEN, LALPINA HYDROGEN CBD & Gents.
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For more information on American Premium Water Corporation / HIPH, go to http://www.lalpinahydrogen.com/investor-page.html
The New York-based Gents is a producer of luxury hats and other fine accessories and apparel. Their line is carried in over 200 retail outlets internationally, including Bloomingdale’s, Nordstrom, and Saks Fifth Avenue.
Visit www.gentsco.com to learn more. https://www.gentsco.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 by Alfred Culbreth, Founder /Director.
Disclaimer Regarding Forward Looking Statements
Certain statements in this press release, on American Premium Water Corporation’s (“APWC”) website and other oral and written statements made by APWC from time to time are “forward-looking statements”, as that term is defined in Section 27A of the United States Securities and Exchange Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended, Forward-looking statements include, without limitation, statements regarding beliefs, objectives, intentions, goals, plans, strategies, financial projections, any other statements regarding the future and any statements that are not purely historical. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date on which they are made, and APWC expressly disclaims any obligation to update or revise any forward-looking statements to reflect events or circumstances after the date thereof. All forward-looking statements, whether written or oral and whether made by or on behalf of the APWC, are expressly qualified by these cautionary statements. Forward-looking statements involve risks and uncertainties which could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. APWC’s expectations, beliefs and projections are expressed in good faith and are believed by the APWC to have a reasonable basis, but there can be no assurance that management's expectations, beliefs or projections will result or be achieved or accomplished. A variety of factors, many of which are beyond APWC’s control affect APWC’s operations, performance, business strategy and results and could cause the actual results, performance or achievements of APWC to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. For APWC, particular uncertainties arise, amongst others but not limited to and not in any order of importance, from (i) focusing on and allocating more resources on certain target markets (ii) the possibility to raise further equity and debt to fund future growth, (iii) changes in demand for APWC’s products, (iv) performance issues with key suppliers, affiliates, agents, advisors or subcontractors, (v) changes in government changes in laws or regulations to which APWC or its suppliers are subject, including environmental laws and regulations relating to water or water sources and (vi) the inability to complete announced acquisitions, difficulty or unanticipated expenses in connection with integrating acquired businesses and the risk that anticipated synergies and opportunities as a result of acquisitions will not be realized or the risk that acquisitions do not perform as planned, including, for example, the risk that acquired businesses will not achieve revenue projections.
THIS NEWS RELEASE HAS BEEN PREPARED BY APWC’S MANAGEMENT, WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NO SECURITIES REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED OF THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.
American Premium Water Corporation 12777 Jefferson Blvd. Suite 300 Playa Vista, CA 90066-7408 (888)-983-0054
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