The Alkaline Water Company Inc. (TSXV:WTER) (OTCQB:WTER), with products bottled under the trademark Alkaline88®, is pleased to announce record quarterly sales were achieved in its first quarter for the fiscal year ending March 31, 2019.
First Quarter Highlights (Unaudited)
(All amounts are in U.S. dollars)
- Record first quarter FY 2019 sales of over $7.85 million
- First quarter FY 2019 sales of over $7.85 million up over 51% as compared to first quarter FY 2018 sales of $5.17 million
- Completed non-brokered private placement with aggregate gross proceeds of over $3.8 million
- Entered into co-packing agreement with state-of-the-art Southern California bottler, Chameleon Beverage, which will significantly increase wholesale production capacity
- Expanded distribution in Texas with the addition of Grocers Supply, the largest wholesale food and beverage distributor in the state
- Alkaline88® is now available in Big Y World Class Markets across Massachusetts and Connecticut as a result of the Company’s continued aggressive North-East expansion
- Alkaline88® is now available in all 50 states at over 40,000 retail locations, including top national grocery retailers, Walmart, Kroger, Safeway-Albertsons and Shopko
Management Comments
“We have had another exceptional quarter of growth and continue to exceed our own expectations. We continue to trend ahead of our monthly projections for Fiscal Year 2019,” stated Richard A. Wright, President and CEO of The Alkaline Water Company Inc. “As sales momentum continues into the summer we expect to see strong growth through the next quarter and rest of the fiscal year,” concluded Mr. Wright.
The Alkaline Water Company Inc. (TSXV and OTCQB: WTER) has developed an innovative, state-of-the-art, proprietary electrolysis process that produces healthy alkaline water for a balanced lifestyle. The Company is focused on the business of distributing and marketing for retail sale of its cost-effectively packaged Alkaline88® water beverage products. Visit: www.thealkalinewaterco.com.
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.
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