American Premium Water Corporation (OTC Pink: HIPH) Announces International Distribution Agreement
Subsidiary Gents establishes partnership for distribution and marketing and across Asia
PLAYA VISTA, CA / ACCESSWIRE / March 15, 2018 / American Premium Water Corporation (OTC PINK: HIPH) announces that its Gents subsidiary has entered into a joint venture with Zhangjiagang Advanced Company (ZAC) to market and sell Gents in China and other Asian markets.
American Premium Water Corporation (OTC PINK: HIPH) is pleased to announce that Gents has agreed to a joint venture with Zhangjigang to market and sell the Gents brand line of products throughout mainland China and other countries in eastern Asia. HIPH is also exploring partnerships for LALPINA Hydrogen CBD distribution in the region as well.
Ryan Fishoff, CEO American Premium Water Corporation stated, "This is a significant step for the brand to expand internationally. Working together with ZATC, we have a partner that will help us expand our footprint internationally and establish a presence in the world's largest market. It also establishes a base to setup distribution in other major markets in the area, including Japan and Korea."
Fred Su, Principal of ZAC spoke of the partnership "I am really excited, and looking forward to our new partnership with the Gents premium brand and introducing them to the Chinese market. The Chinese population loves premium American brands, and I think Gents has the potential to capture a large part of the market that continues to grow rapidly. We will have special collections created exclusively for the Asian markets which will further establish the brand in our country."
Mr. Fishoff is currently in China this week to execute the agreement and set the strategy for the launch. Gents will create an e-commerce site exclusively for the Chinese market and will also sell products on JD.com (JD). The tentative launch for the collaboration will be for Fathers Day, as its celebrated at the same time in both the US and China.
Mr. Fishoff added, "I am excited to go to China to personally see the initiation of this partnership and plot out our strategic plans for the rest of 2018. This is just the first piece of a broader international strategy for Gents and HIPH. This partnership will give us a foothold in Asia and allow us to pursue many opportunities across the continent. While I am in China, I will be also having conversations with regional beverage distributors who are interested in our Hydrogen CBD product."
HIPH has previously announced it has a created a hydrogen infused CBD beverage under the LALPINA Hydrogen CBD brand. The Company still anticipates the product will be available for sale by June or earlier. Cannabinoid, a natural phycannbinoid extracted from cannabis is just being introduced in Asian countries, including China, and these markets offer tremendous opportunity to grow by establishing a first to market in these countries.
Establishing a foothold in the continent will give HIPH a potential strategic advantage over other competitors in the CBD space who have focused on domestic markets like PotNetwork Holding Inc (POTN), Rocky Mountain HIgh Brands (RMHB), Isodiol (ISOLF) and Elev8 Brands Inc (VATE)
"Having a foothold in China will allow us to achieve all our strategic growth objectives. I hope our Gents joint venture will be the first of many different partnerships and ventures in China. Now that we are establishing a presence there, I will pursue licensing and JV opportunities with other brands, in line with our growth through acquisition growth initiatives. Also, working with International Monetary, they have a number of relationships in Asia, and I have seen how they were able to leverage them to grow NFusz (FUSZ) which I am confident they can replicate for us"
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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 (M), Nordstrom (JWN), and Saks Fifth Avenue (HBC).
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.
Playa Vista, CA 90066-7408
Stock Symbol: HIPH
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Company Website: http://www.lalpinahydrogen.com/investor-page.html
SOURCE: American Premium Water Corporation