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American Premium Water Corp (OTC:HIPH) Announces Largest Contract to Date Resulting in Over $833,000 in Revenue
American Premium Water Corp (OTC:HIPH) Announces Largest Contract to Date Resulting in Over $833,000 in Revenue.
About this update from American Premium Water Corporation
[{"type":"text","content":"\n PLAYA VISTA, California, Aug. 20, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- American Premium Water Corporation (OTC: HIPH) (“the Company”) announces that it has secured a contract through its UK subsidiary, which will generate over $833,000 of topline revenue. This is the largest contract for the Company to date, and puts the Company on a firm track to exceed its previously issued 2019 revenue guidance of $1 million.   American Premium Water Corporation CEO Ryan Fishoff stated, “I’m happy to announce that the Company has secured its largest contract to date, adding over $833,000 in top line revenue. The Company is making strides towards becoming the market leader in premium CBD infused consumer products. We have been making incremental progress towards bringing our products to market and generating revenue; shareholders are beginning to see the fruits of management’s labors. There is still a lot of work to be done; the Company has an ambitious business plan that it is focused on executing. There is a lot of business in the pipeline that the Company is working on closing to generate more sales and form partnerships that will create long-term growth to the Company’s top and bottom line. I am headed to London this week to ensure that Company completes the payment process for this contract so that we can add it to the 2nd quarter filings.” The contract was executed in the 2nd quarter of 2019. The payment, which originated from the UK, had not settled at time of filing deadline. After consulting with the Company’s retained accountants, it was determined that it would be in the Company’s best interests to file 2nd quarter financials to remain compliant with OTC Markets and will amend the filing upon completion of the clearing process in accordance with Generally Accepted Accounting Principles (“GAAP”). “Aside from work on this contract and the two-container order that we announced last week that should be shipping out next month to the UK, the Company has been focusing on Canyon Create, investing more capital and resources this quarter into expanding distribution of Vanexxe, which is currently available on Wal-Mart.com. This ground breaking product fulfills a need for an affordable and effective cosmetic treatment for unsightly varicose veins, whic...