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American Premium Water Corp. (OTC:HIPH) Announces Half-Year Revenue of $138,826, 5023% Increase Year over Year
American Premium Water Corp. (OTC:HIPH) Announces Half-Year Revenue of $138,826, 5023% Increase Year over Year.
About this update from American Premium Water Corporation
[{"type":"text","content":"\nPLAYA VISTA, Calif., Aug. 21, 2018 (GLOBE NEWSWIRE) -- American Premium Water Corporation (OTC Pink: HIPH) (the “Company”) announces that for the first 6 months of the 2018 fiscal year, the Company generated revenue of $138,826, an increase of 5023% compared to the same period in fiscal 2017. The Company also announced that is has reduced its current liabilities by nearly 40%, or a total of $816,550, from forgiveness of differed compensation and the retirement of third party debt.\n Ryan Fishoff, CEO American Premium Water Corporation commented: “I am excited to report to our shareholders that the Company surpassed revenue for the same period by 5023%. The second quarter was helped with the launch of Gents “Axe Capital” hats as part of its licensing arrangement with Showtime Networks. This has been a great partnership for us which has connected with Gents target demographic. In addition, the Company was able to reduce its liabilities by almost 40%, entirely through the retirement and elimination of differed compensation and amounts due third parties. I want to clarify that this reduction was due to forgiveness, and none of these liabilities were converted into free trading shares. I have been very committed to reducing the Company’s debt load, and this has been a key achievement of mine, especially as I conclude my first year as CEO, and look forward to the next year with many big things on the horizon, most notably the release of LALPINA Hydro CBD next week.” The Company announced on July 25th that it would be launching its LALPINA Hydro CBD product for sale on August 27th, and subsequent announcement on August 9th announcing that the Company had filed with the Patent and Trademark Office. Delivering a prototype and bringing to market has been one of the signature achievements during Mr. Fishoff’s tenure as CEO. The Company’s transition into the CBD sector will position it to be a part of a $1 Billion industry that’s projected to grow to $3 Billion by 2020, according to Greenware Advisors. LALPINA Hydro CBD is slated to be the first of many products going forward utilizing CBD that the Company intends to market and sell. “The Company is really excited to begin sales of LALPINA Hydro CBD. We have been talking about it for a while, but the launch date i...