Alkaline88® Partners with Intrastate Distributors Inc. for Direct-Store-Delivery in Michigan
09 Fevereiro 2023 - 11:15AM
Business Wire
The Distributor Will Cover Five Michigan
Counties with a Population of More Than 4.4 Million
The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the
“Company”), the country’s largest independent alkaline water
company and the Clean Beverage® company, announced today that
Alkaline88® has partnered with Intrastate Distributors Inc. (“IDI”)
as a direct-store-delivery partner (“DSD”) to market, sell, and
distribute Alkaline88 products throughout five Michigan
counties—Wayne, Monroe, Macomb, Oakland, and Washtenaw.
“Convenience stores continue to be a strong growth channel for
Alkaline88® sales, and we’re looking forward to our partnership
with IDI in Michigan to help us continue to grow and gain market
share there,” said Frank Lazaran, President and CEO of The Alkaline
Water Company. “IDI has forty years of history in southeast
Michigan, where they serve thousands of clients, making them an
ideal DSD partner to distribute Alkaline88 in the region.
Convenience store sales of our products more than doubled in 2022
over the previous year and, with good partners like IDI, we still
expect to see significant upside going forward.”
About The Alkaline Water Company:
The Alkaline Water Company is the Clean Beverage® company making
a difference in the water you drink and the world we share.
Founded in 2012, The Alkaline Water Company (NASDAQ and CSE:
WTER) is headquartered in Scottsdale, Arizona. Its flagship
product, Alkaline88®, is a leading premier alkaline water brand
available in bulk and single-serve sizes along with eco-friendly
aluminum packaging options. With its innovative, state-of-the-art
proprietary electrolysis process, Alkaline88® delivers perfect 8.8
pH alkaline drinking water with trace minerals and electrolytes and
boasts our trademarked “Clean Beverage” label. In 2021, The
Alkaline Water Company was pleased to welcome Shaquille O’Neal to
its board of advisors and to serve as the celebrity brand
ambassador for Alkaline88®.
To purchase The Alkaline Water Company’s products online, visit
us at www.alkaline88.com.
To learn more about The Alkaline Water Company, please visit
www.thealkalinewaterco.com or connect with us on Facebook, Twitter,
Instagram, or LinkedIn.
Notice Regarding Forward-Looking Statements:
This news release contains “forward-looking statements.”
Statements in this news release that are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations, or intentions regarding the future.
Such forward-looking statements include, among other things, that
the Company is looking forward to its partnership with IDI in
Michigan to help the Company continue to grow and gain market share
in the convenience store channel; and that with good partners like
IDI, the Company still expects to see significant upside going
forward in convenience store sales of the Company’s products.
The material assumptions supporting these forward-looking
statements include, among others, that the demand for the Company’s
products will continue to significantly grow; that the past
production capacity of the Company’s co-packing facilities can be
maintained or increased; that there will be increased production
capacity through implementation of new production facilities, new
co-packers and new technology; that there will be an increase in
number of products available for sale to retailers and consumers;
that there will be an expansion in geographical areas by retailers
carrying the Company’s products; that there will be an expansion
into new national and regional grocery retailers; that there will
be an expansion into new e-commerce, home delivery, convenience,
and healthy food channels; that there will not be interruptions on
production of the Company’s products; that there will not be a
recall of products due to unintended contamination or other adverse
events relating to the Company’s products; and that the Company
will be able to obtain additional capital to meet the Company’s
growing demand and satisfy the capital expenditure requirements
needed to increase production and support sales activity. Actual
results could differ from those projected in any forward-looking
statements due to numerous factors. Such factors include, among
others, governmental regulations being implemented regarding the
production and sale of alkaline water or any other products;
additional competitors selling alkaline water and enhanced water
products in bulk containers reducing the Company’s sales; the fact
that the Company does not own or operate any of its production
facilities and that co-packers may not renew current agreements
and/or not satisfy increased production quotas; the fact that the
Company has a limited number of suppliers of its unique bulk
bottles; the potential for supply-chain interruption due to factors
beyond the Company’s control; the fact that there may be a recall
of products due to unintended contamination; the inherent
uncertainties associated with operating as an early stage company;
changes in customer demand and the fact that consumers may not
embrace enhanced water products as expected or at all; the extent
to which the Company is successful in gaining new long-term
relationships with new retailers and retaining existing
relationships with retailers; the Company’s ability to raise the
additional funding that it will need to continue to pursue its
business, planned capital expansion and sales activity; and
competition in the industry in which the Company operates and
market conditions. These forward-looking statements are made as of
the date of this news release, and the Company assumes no
obligation to update the forward-looking statements, or to update
the reasons why actual results could differ from those projected in
the forward-looking statements, except as required by applicable
law, including the securities laws of the United States and Canada.
Although the Company believes that any beliefs, plans,
expectations, and intentions contained in this news release are
reasonable, there can be no assurance that any such beliefs, plans,
expectations, or intentions will prove to be accurate. Readers
should consult all of the information set forth herein and should
also refer to the risk factors disclosure outlined in the reports
and other documents the Company files with the SEC, available at
www.sec.gov, and on the SEDAR, available at www.sedar.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230209005258/en/
The Alkaline Water Company Inc. Jeff Wright Director of
Investor Relations 866-242-0240
investors@thealkalinewaterco.com
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