American Premium Water Corp.(OTC:HIPH) Positioning for Fourth Quarter M&A Activity
September 27 2018 - 10:30AM
InvestorsHub NewsWire
American Premium Water
Corp.(OTC:HIPH) Positioning for Fourth Quarter M&A
Activity
The Company provides general
update to shareholders in advance of start of 4th
Quarter
PLAYA VISTA, CA.
-- September 27th, 2018 -- InvestorsHub NewsWire --
American Premium Water Corporation, (USOTC
Pink: HIPH) (the “Company”) fresh off the release of it’s
market front running LALPINA Hydro CBD beverage, is positioning
itself for a strong fourth quarter, with a number of acquisitions
in the pipeline. The Company has identified four targets, three
within the CBD/THC sector, and is currently engaged in active
negotiations.
Ryan Fishoff, CEO
American Premium Water Corporation commented: “It has been a busy
month with the launch of our LALPINA Hydro CBD beverage. While
there were some initial teething issues with the website and
delivery logistics, we have been working to address them and don’t
anticipate any further complications. Additionally, some of the
acquisitions that we are working on are strategic, which will
ensure quicker delivery and turnaround times for orders. All the
acquisitions that are currently under consideration fit the within
Company’s ‘Brand.Luxury.Lifestyle’ corporate strategy that was
unveiled earlier this year. With my (M&A) background, I see a
tremendous amount of deal flow, but management and the Company want
to ensure that any acquisition that is completed fits within the
long-term vision and business plan that will add shareholder value.
I just returned from a productive trip to Los Angeles where I met
with parties that we are in discussion with. I look forward to
updating the shareholders in the coming weeks about the progress on
these transactions.”
The Company has been
working with OTC Markets to provide the necessary clarification to
remove the Yield sign on the Company page. This process has been
done in tandem with preparations for the Company to become fully
reporting. As part of this process, a number of items from 2017
were reexamined and re-stated. In an effort to comply as quickly as
possible with OTC Markets and in-turn bring the Company’s
financials ready for an PCAOB audit, some balance sheet items will
need to be re-stated in the next filings. This includes convertible
debt, which has not changed from the prior numbers – for the sake
of clarification, that number is $364,422. The Company’s goal is to
file a Form-10 by the end of the
year.
“We are working with
OTC Markets to clarify any questions they have to remove the yield
sign. Since I have become CEO, providing transparency to
shareholders has been one of my main initiatives. I have also been
cognizant of keeping the balance sheet as clean as possible, and I
continue to work to ensure that the Company keeps its debt to
equity ratio as low as possible. In addition, while the Company is
exploring avenues to retire shares as we previously announced, the
Company raised the number of authorized shares to 450,000,000 in
anticipation of acquisitions in the ensuing quarter. I want to
reiterate that any shares that are issued in any transaction will
be restricted, which will not vest for a minimum of one calendar
year.” Added Mr. Fishoff
Mr. Fishoff has been
invited to appear on the Uptick Newswire Radio show on Thursday
September 27, 2018 to discuss in more detail the Company’s goals
for the remainder of the year. To listen to the interview, please
visit www.upticknewswire.com for details when the interview
will be released.
American Premium Water
Corp is the publicly holding trading company that owns LALPINA
HYDRO, LALPINA HYDRO CBD, Gents, Worthy, and
FashionCoinX.
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
American Premium Water
Corporation
12777 Jefferson
Blvd.
Suite
300
Playa Vista, CA
90066-7408
(888)-983-0054
Stock Symbol:
(USOTC:
HIPH)
General Inquiries:
info@americanpremiumwater.com
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