American Premium Water
Corp. (OTC:HIPH) Announces Half-Year Revenue of $138,826, 5023%
Increase Year over Year
The Company reduced its current
liabilities by 40% due to elimination of differed comp
Playa Vista, CA --
August 21, 2018 -- InvestorsHub NewsWire -- American Premium
Water Corporation (OTC Pink:
HIPH) (the “Company”) announces that for the first 6 months of
the 2018 fiscal year, the Company generated revenue of $138,826, an
increase of 5023% compared to the same period in fiscal 2017. The
Company also announced that is has reduced its current liabilities
by nearly 40%, or a total of $816,550, from forgiveness of differed
compensation and the retirement of third party
debt.
American Premium Water
Corporation
Highlights:
- First to launch, with 100% market share
- hydro infused CBD water
- 80%
reduction in debt at end of 2017
- International distribution agreement – Chinese
JV
- Looking to uplist by end of
2018
- Given .15 price target by SeeThru
Equity
http://irdirect.net/prviewer/release/id/3162174
Ryan Fishoff, CEO
American Premium Water Corporation commented: “I am excited to
report to our shareholders that the Company surpassed revenue for
the same period by 5023%. The second quarter was helped with the
launch of Gents “Axe Capital” hats as part of its licensing
arrangement with Showtime Networks. This has been a great
partnership for us which that has connected with Gents target
demographic. In addition, the Company was able to reduce its
liabilities by almost 40%, entirely through the retirement and
elimination of differed compensation and amounts due third parties.
I want to clarify that this reduction was due to forgiveness, and
none of these liabilities were converted into free trading shares.
I have been very committed to reducing the Company’s debt load, and
this has been a key achievement of mine, especially as I conclude
my first year as CEO, and look forward to the next year with many
big things on the horizon, most notably the release of LALPINA
Hydro CBD next week.”
The Company announced
on July 25th that it would be launching its LALPINA
Hydro CBD product for sale on August 27th, and
subsequent announcement on August 9th announcing that
the Company had filed with the Patent and Trademarks office.
Delivering a prototype and bringing to market has been the one of
the signature achievements during Mr. Fishoff’s tenure as CEO. The
Company’s transition into the CBD sector will position it to be a
part of a $1 Billion industry that’s projected to grow to $3
Billion by 2020, according to Greenware Advisors. LALPINA Hydro CBD
is slated to the be the first of many products going forward
utilizing CBD that the Company intends to market and
sell.
“The Company is real
excited to begin sales of LALPINA Hydro CBD. We have been talking
about it for awhile, but the launch date is near. There has been a
lot of interest and demand for this product, I am excited to begin
fulfilling it and growing the brand. Having immersed myself in the
space over the past year, I really see the untapped opportunity for
CBD products as part of the overall cannabis market. There really
is a lack of public education about the benefits of CBD and the
differences between THC. As the public gets more educated, the
sector will only expand. We are going to do what we do best –
leverage our branding and marketing expertise to leverage the
Company’s brands to create products to fulfill needs in these
categories. Over the next year, the Company will be looking to
expand into several categories and market segments; mens grooming
and pet products are two segments that I want to expand into under
the Gents and LALPINA brands respectively. I am hopeful we will go
to market with CBD products under those brands by the end of the
year. I am also very interested in exploring how the Company can
utilize THC in its energy drinks. I look forward to updating the
investor community on all these developments in the coming weeks
and months.” concluded Mr. Fishoff.
American Premium Water
Corp is the publicly holding trading company that owns LALPINA
HYDRO, LALPINA HYDRO CBD, Gents, Worthy, FashionCoinX and THRD
Coin.
Please follow us on
our social media outlets listed
below:
@americanpremium
@lalpinabrands
@GentsCo
@WorthyLux
@FashionCoinX
#Gentsco
#lalpinahydrogen
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 (NYSE:M), Nordstrom
(NYSE:JWN), and Saks Fifth Avenue
(TSE:HBC).
Visit www.gentsco.com
to learn more. https://www.gentsco.com
@GentsCo
#GentsCo
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 Company’s Board of
Directors.
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.
Contact
Information:
American Premium Water
Corporation
12777 Jefferson
Blvd.
Suite
300
Playa Vista, CA
90066-7408
(888)-983-0054
Stock Symbol:
HIPH
General
Inquiries:
info@americanpremiumwater.com
Investor Relations:
ir@americanpremiumwater.com
Company Website:
http://www.lalpinahydrogen.com/investor-page.html
Twitter:
@americanpremium, @lalpinawater
Instagram:
#lalpinahydrogen
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