American Premium Water Corp. (OTC:HIPH) Announces Two-Container Order from British Distributer; Provides FY2019 Guidance of $1 Million in Revenue
PLAYA VISTA, Calif., April 15, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – American Premium Water Corporation (OTC: HIPH) (“APWC”) announces that the Company has received a two container order from a distributer in the UK. The order is expected to ship out during the 2nd quarter and be reflected in the subsequent Q2 financials. Based on the expectation of residual orders from this distributor and other pending distribution deals, the Company is announcing guidance for fiscal year 2019 of at least $1 million in expected revenue.
CEO American Premium Water Corporation, Ryan Fishoff commented, “I am excited to announce that the Company has secured a two-container order from a distributor in the UK, thanks to the efforts of Tanya Gullick and the rest of our European team. We are very excited about this and feel that this is just the beginning of more exciting things to come from the continent (Europe). With these developments in mind and considering other discussions the Company is currently engaged in stateside, we are issuing guidance of $1 million of expected revenue for the 2019 fiscal year. The Company will provide periodic updates throughout the rest of the year. Everyday the Company has been making strides towards becoming an industry leader in the consumer CBD space, and I want to thank the team for all their hard work and effort. The Company still has a long way to go to where I would like it to be, but we are making progress on a daily basis to achieve the goals for 2019 and beyond.”
The 2019 guidance comes after the Company released scientific analysis of its proprietary Hydro-Nano formulation, which delivers CBD molecules in particles less than one nanometer of size, establishing LALPINA CBD as a market front runner in the CBD-infused beverage market. To keep up with rising demand, the Company has brought on cutting edge beverages, who is covering accounts in the Northeast, and A&R Opportunity, to handle select national accounts and business in the Midwest of the US. The Company has also expanded to the UK, where in addition to the recent order, the team has established a partnership with Hanlon’s Brewery to manufacture CBD-infused beer. And the Company has further diversified into CBD-infused products, acquiring plant + body essentials (www.plantbodyessentials.com), a CBD infused topical brand and the launch of Vanexxe’s e-commerce website (www.vanexxe.com/), which provides a cosmetic solution to mask varicose veins. A version of Vanexxe infused with CBD will be launched later in 2019.
“The Company has been really active over the first quarter positioning itself for growth in the rest of the year. I really feel that the Company is poised to get to the next level. We are really excited with all the opportunities that we are chasing, both organic and add-ons (acquisitions). Our main goal is to create long-term shareholder value and establish the Company as the premiere luxury CBD-infused consumer products company. I look forward to sharing updates with investors about these initiatives in the coming weeks as soon as we can share them.”
About American Premium Water Corp.
American Premium Water (OTC: HIPH) is a diversified luxury consumer products company focused on businesses in the health and beauty and biotech sectors. The company is focused on harnessing the powers of hydrogen and Nano technologies paired with cannabidiol (CBD) to treat health disorders and enhance quality of life. This business model aims to market emerging fashion brands by leveraging classic retail partners and incorporating disruptive blockchain technologies to expand the retail footprint. The company’s portfolio includes the LALPINA Hydro and LALPINA Hydro CBD brands (www.LalpinaInc.com), LALPINA Productions, LALPINA Records, Canyon Create (www.canyoncreate.com), Vanexxe (www.vanexxe.com), Gents (www.gentsco.com), Worthy, and blockchain platform FashionCoinX (www.FashionCoinX.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 of American Premium Water Corporation.
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