The Alkaline Water Company, Inc. (OTCQB: WTER) produces,
distributes, markets and sells bottled alkaline water under the Alkaline88
brand. The company’s product, which is created using a proprietary electrolysis
process, is an 8.8 pH-balanced bottled drinking water enhanced with trace
minerals and electrolytes and specially formulated to promote a healthy,
balanced lifestyle. With regular consumption, alkaline water products have been
shown to provide a host of potential health benefits ranging from improved
hydration levels to boosted immune system performance.
In recent months, WTER has focused on a national mass-market
expansion program designed to increase the availability of Alkaline88 in retail
locations across the United States. In its fiscal quarter ending June 30, these
efforts translated into strong financial growth resulting from increased
product distribution. The company’s total revenue for the quarter was just over
$1.5 million, which represented a year-over-year increase of 164 percent.
Building on this progress, WTER expects to achieve profitability in the fourth
quarter of its current fiscal year.
“We see continued strong demand for our products at each of
our retailers, and have already shipped over $1 million of product in our
current second fiscal quarter,” Steven Nickolas, president and chief executive
officer of WTER, stated in a news release. “With the addition of new retailers
and increases in current store volumes, we expect to see significant sales
growth over the next three quarters of fiscal 2016.”
The company’s most recently announced distribution
agreement, which was unveiled last month, introduced the Alkaline88 brand to
the Hawaiian Islands. Through this exclusive direct-to-store distribution deal
with Hawaii-based Triple T Corporation, WTER secured a presence in both
7-Eleven convenience stores and Foodland grocery stores, which represent the
largest operators in their respective categories across the island chain. The
first order resulting from this agreement was for approximately 15,000 cases of
product, and fast sell-through rates are expected to promote additional sizable
orders in the future.
WTER’s considerable progress toward achieving profitability
in recent months is a promising indication of its market potential in the years
to come. For prospective shareholders, the company’s aggressive expansion
efforts make it an intriguing investment opportunity. Look for WTER to continue
leveraging the marketability of its Alkaline88 product in order to promote
ongoing returns.
For more information, visit www.thealkalinewaterco.com
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