Business
Alkaline Water Co. Achieves Sales Milestone
Alkaline Water Co. Achieves Sales Milestone.
About this update from Alkaline Water Company Inc. (the)
[{"type":"text","content":"\n \n \n Alkaline Water Co. Achieves Sales Milestone\n \n \nAlkaline Water Co. Achieves Sales Milestone\n\nRecord Breaking Monthly Sales Top $1 Million With Subsequent Purchase Order Pipeline at $1.1 Million\n\n \n SCOTTSDALE, AZ--(Marketwired - Apr 12, 2016) - The Alkaline Water Company Inc. (OTCQB: WTER) (the \"Company\"), developers of an innovative state of the art proprietary electrolysis beverage process packaged and sold in 500ml, 700ml, 1-liter, 3-liter and 1-gallon sizes under the trade name Alkaline88, are very pleased to report growth objectives achieved record sales revenue for both the month and fiscal year ended March 31, 2016. \n We are reporting positive results with preliminary accounting for the fiscal year ended March 31, 2016 which indicates our revenue for the fiscal year end exceeded $7,000,000, a greater than 89% year-over-year increase. Furthermore, revenue for March exceeded $1,000,000 with total revenue for the quarter calculated in excess of $2,000.000. Lastly, and perhaps most importantly, purchase orders for the month of March were also a record $1.14 million.\n These financial achievements all represent record-breaking news for the Company. When placed in context alongside recent technology advancements that are on track to double production capacity, Alkaline Water Co. management believes this demonstrates a commitment to sustainable growth. The net result has been ongoing and orderly progress towards stated goals, while implementing operational solutions to directly meet the needs of a rapidly growing order book. \n \"Today we are celebrating an important milestone. Our recent sales records are an achievement that any growing company would feel positive about, and while $1 million a month is huge for us, more importantly we now have the financing in place to aggressively fulfil an accelerated growth program,\" states Steven P. Nickolas, CEO and President of the company. \"We want to thank our employees, bottlers, vendors, brokers, distributors, retailers, and consumers for another record year. We also want to share in our belief that this upcoming fiscal year will exceed everyone's expectations, and we are so very gratified to watch our brand thrive through the dedicated efforts of our growing team.\"\n About The Alkaline Water Company Inc. (OTCQB: WTER): \n The Alkaline Water Company Inc. has dev...