American Premium Water Corp. (OTC:HIPH) Announces Subsidiary Gents Q4 Revenue of $169,313
PLAYA VISTA, Calif., April 03, 2018 (GLOBE NEWSWIRE) -- American Premium Water Corporation (OTC Pink:HIPH) (the “Company”) announces that its Gents subsidiary posted revenue of $169,313 in the fourth quarter of 2017, exceeding the 600-700% guidance provided last week, with a 150,000% increase in revenues over the same period last year (Q4 17’-Q4 16’). The Gents results will propel the Company to over a 400% year over year increase in top-line revenue. The 2017 year-end report will be released later this week.
Ryan Fishoff, CEO American Premium Water Corporation commented: “I am happy to report to our shareholders that Gents financial performance in Q4 beat even internal expectations. I was a bit conservative with guidance last week, but even I am blown away with the results. We had a good holiday selling season; same store sales were up compared to last year for our department store partners. We have seen progress from a number of initiatives we began in Q1 and I am optimistic that the momentum will continue through 2018. We will be releasing full year end results for the Company by end of the week and I am confident, with the addition of Gents, the Company guidance increases to roughly 400% year over year revenue growth from 2017.”
“The Gents acquisition has already been successful for the Company. In addition to the revenue it has brought in, the Gents team has brought expertise in marketing and branding, as well as logistical & distribution support that will be utilized going forward as we ramp up the sales and distribution of LALPINA beverages. The intellectual capital acquired from Gents will be critical to for the Company to achieve its goals in the near and long term,” added Mr. Fishoff
Gents (www.gentsco.com) is sold in over 200 luxury retail outlets, including Bloomingdales, Saks Fifth Avenue, and Nordstroms. The brand, founded in 2012, focuses on men’s accessories, and has created a niche as being the first brand to focus on luxury baseball caps. The brand recently announced a joint venture with Zhangjiagang Advanced Company, a Chinese company that will begin distributing Gents products into mainland China. In addition to expanding geographically, Gents is looking to add product categories in 2018, leveraging its distribution network for accretive revenue.
“Gents provides tremendous growth potential for the Company. It’s a great brand that has broad appeal. The Company is in a position to invest in the brand, and diversifying the product offerings is a key part of this strategy. There are 35 registered trademarks for Gents. I want to start leveraging them. Apparel is one area that we are going to aggressively pursue. Men’s grooming is another that I see lots of potential for. I’ve also had exploratory discussions with CBD producers about incorporating CBD into topical skin creams. From my research in the market, I have not seen any products like this in the men’s luxury marketplace, and this could be a real niche category for us. These are all things to consider as we evaluate how to invest the capital we are raising from the Reg A (Regulation 1/A) we recently submitted for review,” Mr. Fishoff commented.
The Company submitted a 1/A filing to the Securities and Exchange Commission for review on March 26th. The Company is awaiting feedback and comments before the offering is effective, which at that point will determine the offering price and number of shares to be issued. The Company feels this structure will allow it to raise non-toxic capital and giving it the means to start the uplist process, which is a goal of the Company’s to be completed by the end of 2018.
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.
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.
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American Premium Water Corporation 12777 Jefferson Blvd. Suite 300 Playa Vista, CA 90066-7408 (888)-983-0054
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