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The Alkaline Water Company Reports First Half 2018 Financial Results With Record Sales Exceeding $10 Million
The Alkaline Water Company Reports First Half 2018 Financial Results With Record Sales Exceeding $10 Million.
About this update from Alkaline Water Company Inc. (the)
[{"type":"text","content":"\n \n \n The Alkaline Water Company Reports First Half 2018 Financial Results With Record Sales Exceeding $10 Million\n \n \nThe Alkaline Water Company Reports First Half 2018 Financial Results With Record Sales Exceeding $10 Million\n\nLeveraging ongoing momentum, Company boosts focus on new retail channels and international to further accelerate growth\n\n \n SCOTTSDALE, AZ--(Marketwired - Nov 21, 2017) - The Alkaline Water Company Inc. (OTCQB: WTER) (the \"Company\") has announced financial results for the six months ending September 30, 2017. The Company, the creator of an innovative, state-of-the-art, proprietary electrolysis beverage process, packages and sells its alkaline water Alkaline88® in 1-gallon, 3-liter, 1-liter, 700ml and 500ml sizes to over 32,000 retail locations in all 50 states. Company revenue for the six months ended September 30, 2017 exceeded $10 million. \n Management Comment\n \"Through careful execution of our business plan, the Company continues to significantly increase its market share. Acceptance of Alkaline88® by U.S. consumers and major grocery retailers has exceeded our expectations. This year's successful introduction of Alkaline88® into multiple East Coast markets has strengthened our belief in our national sales strategy and brand,\" stated Richard Wright, Chief Executive Officer and President of The Alkaline Water Company.\n \"Reflecting our ongoing momentum, we will continue to push into additional classes of retail trade, focusing on drugstores, big box, and internet, among other retail channels. We will also focus on expansion internationally to further accelerate our growth over the next 6 to 12 months,\" Mr. Wright concluded.\n Operational Highlights for the Six Months Ending September 30, 2017: \n \n \n Increased production capacity with the addition of a co-packer in Virginia to accelerate coast-to-coast expansion.\n \nEast Coast sales now account for approximately 20 percent of the Company's revenue.\n \nPer the August 26, 2017 Nielsen report, based on revenue, Alkaline88® 3-liter SKU is the No. 1 best-selling alkaline water in all of Southern California.\n \nPer IRI Scan data for the 52 weeks ending October 8, 2017, Alkaline88® is ranked No. 39 in bottled water sales and the third-fastest growing bottled water brand in the top 40. \n \nLaunched nat...