Business
American Premium Water Corp. (HIPH) Starts Process To Retire 6 million Common Shares
American Premium Water Corp. (HIPH) Starts Process To Retire 6 million Common Shares.
About this update from American Premium Water Corporation
[{"type":"text","content":"\nPLAYA VISTA, Calif., Aug. 29, 2018 (GLOBE NEWSWIRE) -- American Premium Water Corporation (OTC Pink: HIPH) (the “Company”) announces that it has initially identified 6 Million common shares, and has begun the process to have the first retirement of shares returned to treasury. The Company will advise when this process is complete. Additionally, the first day of sales from the Company’s launch of its LALPINA Hydro CBD product surpassed internal projections.\n Ryan Fishoff, CEO American Premium Water Corporation commented: “In effort to further increase shareholder value, the Company, after an exhaustive review, has identified 6 Million common shares that can be retired, and has initiated the process for retirement. We will have updates on this matter when this is completed. Taking these steps along with other developments over the past few weeks, are part of the management’s strategy to reduce debt, increase sales, diversify the Company’s businesses, and most importantly, see the increase of long term shareholder value.”   “As we look to building long term value, a key component of that strategy is entering the CBD space. The sales from the initial launch of the LALPINA CBD product have greatly exceeded our internal projections. What made the results even more encouraging was that it was on our old platform (the new site has not even launched yet) and there was not a dollar of SEO, SEM, or social media advertising spent. As the rollout continues and we begin the marketing support to the program, the Lalpina site should generate between $20,000-30,000 in monthly revenue in addition to wholesale orders.” added Mr. Fishoff. In addition to the launch of LALPINA Hydro CBD, the Company is exploring expansion into other CBD categories. During a 10-day trip through Chicago, Los Angeles, and Las Vegas, Mr. Fishoff and management met with suppliers, distributors, and acquisition candidates in the CBD space. Additionally, as part of the Company’s efforts to become more transparent, Mr. Fishoff initiated discussions with auditors to file a Form 10 and become fully reporting. “I had a very successful trip. There are a lot of exciting things going on in the immediate future. The consumer market’s appetite for CBD is increasingly growing. As we rollout LALPINA Hydro ...