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American Premium Water Corp. (OTC: HIPH) CEO Provides Update to Shareholders on Q1 and Outlook for Remainder of 2019
American Premium Water Corp. (OTC: HIPH) CEO Provides Update to Shareholders on Q1 and Outlook for Remainder of 2019.
About this update from American Premium Water Corporation
[{"type":"text","content":"\nPLAYA VISTA, Calif., May 09, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- American Premium Water Corporation (OTC: HIPH) CEO Ryan Fishoff provides an update to shareholders on the Company’s progress in the 1st quarter and outlook for the rest of the year. Here is a summary on a number of topics:\n Distribution: “Expanding distribution has been the Company’s key focus since the beginning of the year. We have been working diligently expanding our distribution network, which will drive revenue across the Company’s various brands. Although production delays (related to third-party manufacturing issues and China-US tariffs affecting aluminum supply for new bottles) limited revenue growth in 2018, the Company is well positioned to expand. The Company received a two-container (one container typically holds between 35,000-50,000 units) order from a distributor in England which will generate significant revenue. The Company anticipates this will be the first of many orders from the region, and is excited about prospects in the region (the UK and Europe). Additionally, Vanexxe (www.vanexxe.com) officially launched and has already gotten on Amazon and a fast growing MLM network, opening the door to distribution in Asia for the Company’s products. These developments prompted the Company to issue guidance for FY 19’ with projected revenue of $1million.”  Partnerships: “The Company has entered into some exciting partnerships that have the potential to increase brand awareness, revenue, and shareholder value. I am very excited about our partnership with Hanlon’s Brewery to jointly develop CBD infused beer. This has the potential to be a big hit across Europe, as the Company is an early entrant’s in this exploding sub-category of the overall worldwide alcoholic industry. I am looking forward to trying my first CBD pint next week when I plan to visit the brewery to check up on the progress of the development. I'll also be working with the UK team to develop a marketing and distribution plan for the CBD beer. I am also very excited for the partnership with LinkRes Pets to produce a CBD-infused water designed specifically for pets. The pet industry in the US is huge, and CBD products for pets is one of the fastest growing sub-category’s in this industry. While there are many C...