Boreal
Water Collection, a private label bottled water company based in Kiamesha, New
York, announced that it has exceeded sales projections for Q3 2014.
Company
revenues for the quarter ending September 30, 2014 were $652,505; an increase
of $80,771 or 14.2% compared to the prior year. Costs of sales were 78% and 86%
and the gross profit percentages were 22% and 14%, respectively. The gross
profit increase of 57% is a result of a sales strategy aimed at boosting sales
of the Boreal brands to new customers and existing customers, selective price
increases, and improvements in its distribution network. Other contributing
factors point to activity designed to grow the company’s co-packing and label
business.
Ms.
Francine Lavoie, CEO of Boreal Water Collection Inc. commented, “We
strengthened the core of our product line, expanded our client list globally,
and managed to drive growth with disciplined decisions, bold innovation, and
focused execution.” Commenting further, Ms. Lavoie noted, “I am very pleased
that we were able to increase our revenues during the third quarter of this
year, and we are projecting to exponentially increase those revenues in the coming
year ahead. Our solid execution and expense discipline will allow us to rapidly
grow production and deliver a strong finish to the fiscal year along while
increasing our long-term shareholder value.”
Boreal
provides personalized bottled water for its customers for publicity, promotion,
marketing, internal use and special events. The company also offers integrated
turnkey service, with prize-winning Boreal private label water, made-to-order
labeling, along with distinctive water containers. Customers include and/or
have included Infiniti, Guess, LaCosta, Porsche, Ritz Carlton, Tommy Hilfiger,
Saks Fifth Ave, Re/Max, BMW Balance Water, Wa-taah Water, Fred Water, Dean
& DeLuca, the Quin Hotel, WestHouse New York, the Surrey New York City,
Bouchon Bakery, Princeton University and 3M. A unique differentiator for the
company is its access to two springs, one an award-winning source in the
Canadian wilderness and the other in the Catskill Mountains region in New York
State.
For more
information on the company, visit www.borealwater.com
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