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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Alkaline Water Company Inc    WTER

ALKALINE WATER COMPANY INC

(WTER)
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Alkaline88's Flavor Infused Water Achieves Record Sales at the 2019 KeHE National Holiday Show

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06/26/2019 | 08:02am EDT

SCOTTSDALE, Ariz., June 26, 2019 (GLOBE NEWSWIRE) -- The Alkaline Water Company Inc. (NASDAQ and TSXV: WTER) (the “Company”), a leading producer of premium bottled alkaline drinking water sold under the brand name Alkaline88®, today announced that its flagship Alkaline88® brand was ranked as the #1 best-selling national brand at the 2019 KeHE Holiday Show out of the 750 brands in attendance, which took place at Chicago’s McCormick place convention center on June 12-13 2019.

The 2019 KeHE National Holiday show is one of the largest industry tradeshows, with thousands of the top natural, organic, and fresh specialty retailers and suppliers, along with KeHE representatives in attendance. The show provided the Company with the unique opportunity to present its entire product line, including its new flavor infused water to industry leading retailers looking to place orders for this summer and the fourth quarter of 2019.

“The 2019 KeHE Holiday show was a tremendous success for the Company. Our new flavor infused water received remarkable feedback from retailers and industry representatives in attendance. Specifically, reviews of the taste profile and packaging were very positive. The exceptional response to the flavor infused water allowed for us to be the #1 best-selling national brand at the show,” stated Frank Chessman, Executive Director of National Sales for The Alkaline Water Company Inc. “As a result of the show, we were able to secure additional pre-orders of our flavor infused water from some of the largest natural food retail chains in the country, including, Common Market, Fresh Garden, Little Giant, Pete’s Fresh, Wayfield, Vitamin Plus, and Frazier Farms to name a few. As we deliver our first order of the flavor infused water this month, I am confident that these products will serve as a catalyst for the Company’s continued growth,” concluded Mr. Chessman.

Alkaline88® flavor infused waters are available in watermelon, lemon, raspberry, and blood orange. Photos of the new flavor infused waters can be viewed here.

About KeHE 

With its nationwide distribution network, KeHE provides natural & organic, specialty & fresh products to chain and independent grocery and natural food stores and other specialty product retailers throughout North America.  KeHE is an employee-owned, B Corporation certified, company with over 5,000 employees in the U.S. and Canada. Where KeHE Goes, Goodness Follows. For more information visit KeHE.com.

About The Alkaline Water Company Inc. 

The Alkaline Water Company Inc. (NASDAQ and TSXV: WTER) is a leading producer of premium bottled alkaline drinking water sold under the brand name Alkaline88®. With its innovative, state-of-the-art proprietary electrolysis process, the Company produces healthy, all-natural and great-tasting alkaline water for a balanced lifestyle. Founded in 2012, the Company is headquartered in Scottsdale, Arizona, and focuses on national distribution and marketing for retail sale of Alkaline88®, one of the fastest-growing premium bottled water brands on the market. To learn more about The Alkaline Water Company, please visit www.thealkalinewaterco.com or connect on Facebook, Twitter, Instagram or LinkedIn.

About Alkaline Water Products

Alkaline88®is a premier 8.8 pH balanced bottled alkaline drinking water enhanced with trace minerals and electrolytes. The product offers consumers the unique opportunity to purchase alkaline water in conveniently packaged 500-milliliter, 700-milliliter, 1-liter, 1.5-liter, 3-liter and 1-gallon sizes. The Alkaline Water Company Inc. is currently in the midst of a national mass-market expansion program, where the product is already available for consumer sales at a growing number of major retail locations across many parts of the United States. Learn more about the science behind alkaline water by visiting www.thealkalinewaterco.com.

Notice Regarding Forward-Looking Statements

This news release contains “forward-looking statements.” Statements in this news release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the following: that the flavor infused water will serve as a catalyst for the Company’s continued growth.

The material assumptions supporting these forward-looking statements include, among others, that the demand for the Company’s products will continue to significantly grow; that the past production capacity of the Company’s co-packing facilities can be maintained or increased; that the Company will receive all necessary regulatory approvals for the production and sale of hemp-infused water; that there will be increased production capacity through implementation of new production facilities, new co-packers and new technology; that there will be an increase in number of products available for sale to retailers and consumers; that there will be an expansion in geographical areas by national retailers carrying the Company’s products; that there will be an expansion into new national and regional grocery retailers; that there will be an expansion into new e-commerce, home delivery, convenience, and healthy food channels; that there will not be interruptions on production of the Company’s products; that there will not be a recall of products due to unintended contamination or other adverse events relating to the Company’s products; and that the Company will be able to obtain additional capital to meet the Company’s growing demand and satisfy the capital expenditure requirements needed to increase production and support sales activity. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, governmental regulations being implemented regarding the production and sale of alkaline water or any other products, including products containing hemp; the fact that consumers may not embrace and purchase any of the Company’s infused water products; the fact that the Company may not be permitted by the FDA or other regulatory authority to market or sell any of its hemp-infused products; additional competitors selling alkaline water and enhanced water products in bulk containers reducing the Company’s sales; the fact that the Company does not own or operate any of its production facilities and that co-packers may not renew current agreements and/or not satisfy increased production quotas; the fact that the Company has a limited number of suppliers of its unique bulk bottles; the potential for supply-chain interruption due to factors beyond the Company’s control; the fact that there may be a recall of products due to unintended contamination; the inherent uncertainties associated with operating as an early stage company; changes in customer demand and the fact that consumers may not embrace enhanced water products as expected or at all; the extent to which the Company is successful in gaining new long-term relationships with new retailers and retaining existing relationships with retailers; the Company’s ability to raise the additional funding that it will need to continue to pursue its business, planned capital expansion and sales activity; and competition in the industry in which the Company operates and market conditions. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law, including the securities laws of the United States and Canada. Although the Company believes that any beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Readers should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the reports and other documents the Company files with the SEC, available at www.sec.gov, and on the SEDAR, available at www.sedar.com.

The Alkaline Water Company Inc.

James Gilmore
Investor Relations
480-656-2423
james@alkaline88.com 

Richard A. Wright
President and CEO
480-656-2423
investors@thealkalinewaterco.com

Media

Jessica Starman
888-461-2233
jessica@elev8newmedia.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/91dec867-4a52-4236-a2c4-44ed1338c5d2 

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Alkaline88 Flavor Infused Water

Alkaline88 Flavor Infused Water

© GlobeNewswire 2019
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Financials (USD)
Sales 2020 47,7 M
EBIT 2020 -
Net income 2020 -
Debt 2020 1,00 M
Yield 2020 -
P/E ratio 2020 -
P/E ratio 2021 -
EV / Sales2020 1,58x
EV / Sales2021 1,24x
Capitalization 74,4 M
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Number of Analysts 2
Average target price 4,13  $
Last Close Price 1,80  $
Spread / Highest target 136%
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NameTitle
Richard A. Wright President, CEO, COO, Director & Vice President
Aaron Keay Chairman
David A. Guarino CFO, Secretary, Treasurer & Director
Bruce Leitch Independent Director
Brian Sudano Director
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