American Premium Water Corp.(OTC:HIPH) Announces Distribution Agreement with Subsidiaries of Singlepoint, Inc (OTC:SING)
PLAYA VISTA, Calif., Oct. 02, 2018 (GLOBE NEWSWIRE) -- American Premium Water Corporation (OTC Pink:HIPH) (the “Company”) announces that it has entered into an agreement with SinglePoint, Inc (OTC:SING) to distribute LALPINA Hydro CBD on two of their e-commerce channels; SingleSeed.com and DIGSHydro.com. The Company will drop ship product to the customers.
Ryan Fishoff, CEO American Premium Water Corporation commented: “I am pleased to announce our distribution deal with SING. This is the Company’s first third party deal for LALPINA Hydro CBD, but it won’t be the last! These e-commerce arrangements are going to be a pillar of our e-commerce distribution strategy. Third-party sites will not only drive additional impressions for the LALPINA brand, it will also drive awareness of the Company to a wider audience. I think this distribution channel could bring in excess of a million of revenue over the life of the agreement. It’s great that we are partnering with a first-rate Company like SING. They are doing great things, and I hope this (agreement) is just the start of potential future collaborations down the line.”
“We are excited to add infused CBD to a line of CBD products to SingleSeed. We have seen tremendous response to our SingleSeed e-commerce site and LALPINA Hydro CBD we believe will provide additional revenue for SinglePoint.” commented Wil Ralston, President, Singlepoint, Inc.
The two sites, Singleseed.com and DIGSHydro.com, are subsidiaries of SING. LALPINA Hydro CBD will be the first hydro-nano beverage to be sold on both sites. This agreement follows the DEA’s announcement last week removing CBD as Schedule 1 drug when there is 0.1% or less trace amounts of THC. LALPINA Hydro CBD contains non-detectable amounts of THC. Adding more outlets of distribution will further cement LALPINA Hydro CBD as a market front runner as the only CBD beverage that utilizes hydro-nano technology, by mixing hydro and encapsulating the CBD with Nano technology, LALPINA turns the CBD molecule into a water soluble compound, maximizing it's bioavailability and delivery to the body's cells and tissues. This technology allows consumers to have up to 90% more absorption rates than traditional CBD water.
American Premium Water Corp is the publicly holding trading company that owns LALPINA HYDRO, LALPINA HYDRO CBD, Gents, Worthy, and FashionCoinX.
Singlepoint, Inc SinglePoint, Inc (SING) is a technology and investment company whose portfolio includes mobile payments, ancillary cannabis services and blockchain solutions.
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 of American Premium Water Corporation
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