|By Marketwired .||
|June 9, 2014 11:00 AM EDT||
DELRAY BEACH, FL -- (Marketwired) -- 06/09/14 -- American Premium Water Corporation "APWC" (OTC Pink: HIPH) (PINKSHEETS: HIPH) www.americanpremiumwater.com is excited to provide the following update to the investment community and our shareholders.
Today APWC announces that on June 5, 2014 it reached an agreement with a large shareholder of the company to retire a total of 1,000,000 shares of common stock from the total outstanding shares of the company. These shares have been returned to the company treasury. As an ongoing effort to preserve and increase shareholder value we took this bold step of retiring 1,000,000 shares of common stock. APWC feels it's important to protect our share price and prove to investors we value their support, while we are rapidly growing. Being that our business is to provide premium water bottled only in glass, we also feel having a premium stock is of high importance. We are concerned about diluting our stock while many growing companies are not, particularly during early development. APWC unlike many growing companies in the marketplace is extremely mindful of dilution. APWC is committed to protecting long term shareholder growth and aim to make every aspect of our company enjoyable; from our superior bottles of HIPH L'Alpina "it keeps you young" water bottled only in glass, to our stock price. APWC is currently in talks with other large shareholders to buy back shares at a premium price. Our purpose in these negotiations is to further reduce the outstanding share count and increase individual shareholder value.
"After speaking with our board of directors and advisors to the company, we agreed this was a prudent step in helping the company accomplish its goals and benefit all of our shareholders. The return of these shares into the APWC treasury gives the company greater opportunity to achieve growth. APWC is highly committed to growing revenue from its products and increasing shareholder value. We strongly believe that this capital restructuring will make HIPH stocks much more appealing to M&A targets and at this time, we remain in final stage discussions on an existing business that would greatly enhance our business expansion plans. As well take us closer to our goal of having HIPH listed on the NASDAQ by end of 2015. We hope to update shareholders and the investment community with a major announcement in the near future. We are inspired that our shareholders believe in the direction of the company and applaud their efforts to help APWC position itself for explosive future growth and success while growing shareholder value. The reduction of 1,000,000 shares from our outstanding stock and return to treasury shows our commitment to shareholders as well as our dedication in creating real value in our company stock. In closing, I would like to add that my motivation for this company is stronger than ever and starting to realize the company's initial vision more that 4 years ago is the result of a tremendous amount of effort. It has been a constant battle to stay the course. But, since I am a man of faith I know that the times of greatest trials often are followed of times of greatest victory." -- Alfred Culbreth, CEO of American Premium Water Corporation.
This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information included in this Press Release including such forward-looking statements.
This press release is issued on behalf of the Board of Directors by Alfred Culbreth, CEO and Director.
Safe Harbor Statement
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NO SECURITIES REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED OF THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.
Feb. 7, 2016 12:00 PM EST Reads: 330
Feb. 7, 2016 11:45 AM EST Reads: 111
Feb. 7, 2016 11:30 AM EST Reads: 332
Feb. 7, 2016 10:45 AM EST Reads: 140
Feb. 7, 2016 10:15 AM EST
Feb. 7, 2016 10:00 AM EST Reads: 339
Feb. 7, 2016 09:30 AM EST Reads: 139
Feb. 7, 2016 09:15 AM EST Reads: 192
Feb. 7, 2016 07:00 AM EST Reads: 105
Feb. 6, 2016 03:30 PM EST Reads: 710
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
Feb. 6, 2016 02:30 PM EST Reads: 356
Your business relies on your applications and your employees to stay in business. Whether you develop apps or manage business critical apps that help fuel your business, what happens when users experience sluggish performance? You and all technical teams across the organization – application, network, operations, among others, as well as, those outside the organization, like ISPs and third-party providers – are called in to solve the problem.
Feb. 6, 2016 02:00 PM EST Reads: 681
Feb. 6, 2016 01:30 PM EST Reads: 346
@DevOpsSummit taking place June 7-9, 2016 at Javits Center, New York City, and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
Feb. 6, 2016 01:15 PM EST Reads: 515
SYS-CON Events announced today that VAI, a leading ERP software provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. VAI (Vormittag Associates, Inc.) is a leading independent mid-market ERP software developer renowned for its flexible solutions and ability to automate critical business functions for the distribution, manufacturing, specialty retail and service sectors. An IBM Premier Business Part...
Feb. 6, 2016 01:00 PM EST Reads: 542