American Premium Water Announces Substantial Increase in Q3 Revenues
PLAYA VISTA, Calif., Jan. 18, 2018 (GLOBE NEWSWIRE) -- American Premium Water Corporation (OTC:HIPH), the producer of Lalpina Hydrogen Water and Gents luxury accessories, is pleased to announce a 1,134% increase in sales over its previous quarter 2017.
Following the company’s acquisition of Gents, American Premium Water Corporation, the producer of Lalpina Hydrogen Water and Gents luxury accessories is pleased to announce a 1,134% increase in sales and 80% reduction in debt over the prior quarter in 2017.
This outstanding performance is attributable to the Gents acquisition, in Q3, while also working hard to significantly reducing long-term convertible debt and increase shareholder value.
“After acquiring Gents this past September, with only one month of sales for the quarter, our Q3 results reflect the impact of the brand and the revenue it has added to HIPH. Gents is quickly becoming a vital asset to HIPH; I am looking forward to having a full quarter of revenue, which could represent a further 200% increase in sales, and further contributions for this coming fiscal year.
“In addition to the revenue the Gents brand adds to HIPH, its product will be leveraged to help promote the LALPINA brand. Its infrastructure and management team will be essential in growing LALPINA’s hydrogen energy products, including the launch of hydrogen infused CBD drink, which is on track to be released in the 1st half of 2018,” commented the HIPH CEO. “I am also pleased that we were able to significantly reduce our debt load by over 80% as we get our balance sheet in order and position the company for substantial growth in 2018,” he added.
Mr. Fishoff, the recently appointed CEO of HIPH, outlined his strategic plans for HIPH that included raising capital, developing strategic partnerships for both the LALPINA and Gents brands, wholesale and direct to consumer distribution growth, and international expansion as part of the company’s growth plan in 2018.
“As we previously announced, we have drastically reduced the company’s debt. I am also confident to see that we will continue the trajectory that we are on, having Gents under our corporate umbrella for all of Q4, the results should be extremely positive. We are looking to seize that momentum into the new year as we look to ramp up LALPINA sales, and drive growth of Gents through various business development opportunities that we are pursuing,” Mr. Fishoff said, adding, “We are looking to raise non-toxic capital in the coming quarter to help fund these growth initiatives, and I am confident that the clean-up we did on the balance sheet will help us achieve this by Q1 2018.”
For more information on American Premium Water Corporation/HIPH, go to http://www.lalpinahydrogen.com/investor-page.html
Gents 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, CEO and 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 Stock Symbol: HIPH
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