Royal Spring Water files its audited financials
01 Junho 2006 - 2:51PM
PR Newswire (US)
LOS ANGELES, June 1 /PRNewswire-FirstCall/ -- Royal Spring Water
Inc. (OTC:RSPG), Royal Spring Water Inc. (OTC:RSPG), a bottler and
distributor of pure, sweet water from the Artesian wells of the
Ogallala Aquifer, announced today that as part of SEC requirements
and as part of the steps needed to be listed on the bulletin board,
Royal Spring Water has filed its audited 10KSB. The audit was
performed by the acclaimed accounting firm of Grobstein, Horwath
& Company LLP a certified public accounting and business
consulting firm that has been providing professional services to
clients for 40 years. Alex Hazan, RSW's President and Chief
Executive Officer, said, "We are very pleased that a company such
as Grobstein, Horwath has audited our 10KSB." "It is a strong
testimony to our management and company's future that a firm with
the credentials of Grobstein, Horwath has accepted to audit our
financials. This is another milestone for Royal Spring Water, as
being an audited reporting company, we are now in a stronger
position to obtain a listing on the OTCBB and thereby strengthen
shareholders value. About Royal Spring Water Inc. Royal Spring
Water (http://www.royalspringswater.com/) bottles and distributes
pure, sweet water from the Artesian wells of the Ogallala Aquifer
of unparalleled quality and purity. The company's underground
source has existed for millions of years and is part of the
"Ogallala Aquifer", one of the country's largest and best water
quality aquifers. This pure water from the Artesian wells is
already cold and free of organic contaminants, making it desirable
for drinking. The state-of-the-art facility in Hereford, Texas is
where pure water is extracted from underground wells and then
through a complex filtration and bottling process. In addition to
exceptionally high quality water, the facility allows for the
manufacturing of plastic bottles and labels providing a fully
customized product for a very competitive price. It is simple -
Royal Spring Water has one of the country's best quality water, at
the best price currently available in the market. About Grobstein,
Horwath Grobstein, Horwath & Company LLP is a certified public
accounting and business-consulting firm that has been providing
professional services to clients since the early nineteen sixties.
Located in Los Angeles, the firm remains committed to their
founding philosophy of providing personal, quality service and
creative solutions to achieve business and individual goals.
Grobstein, Horwath & Company LLP has grown with their clients,
and now serve the full spectrum of young entrepreneurial companies
to publicly traded and privately held companies. The firm has
expanded beyond the full scope of traditional accounting services
and has incorporated an array of business advisory services. As a
Horwath International firm, they belong to one of the largest
global professional service organizations in the world. Today, with
over 120 employees, their local and international network of
business advisors can serve clients from 400 offices in 90
countries. Please visit http://www.horwathcal.com/ for more
detailed information. Important Information About Forward-Looking
Statements The above statements in regard to Royal Spring Water,
which are not purely historical, are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, including Royal Spring Water's beliefs, expectations,
hopes or intentions regarding the future. All forward-looking
statements are made as of the date hereof and are based on
information available to the parties as of such date. It is
important to note that the actual outcome and the actual results
could differ materially from those in such forward-looking
statements. Factors that could cause actual results to differ
materially include risks and uncertainties, such as technological,
legislative, corporate, financial and marketplace changes. All
statements in this news release that are other than statements of
historical facts are forward-looking statements, which contain our
current expectations about our future results. Forward-looking
statements involve numerous risks and uncertainties. We have
attempted to identify any forward- looking statements by using
words such as "anticipates," "believes," "could," "expects,"
"intends," "may,' "should" and other similar expressions. Although
we believe that the expectations reflected in all of our
forward-looking statements are reasonable, we can give no assurance
that such expectations will prove to be correct. A number of
factors may affect our future results and may cause those results
to differ materially from those indicated in any forward-looking
statements made by us or on our behalf. Such factors include our
limited operating history; our need for significant capital to
finance internal growth as well as strategic acquisitions; our
ability to attract and retain key employees and strategic partners;
our ability to achieve and maintain profitability; fluctuations in
the trading price and volume of our stock; competition from other
providers of similar products and services; and other unanticipated
future events and conditions. For further information please
contact: Maxwell Network Group Sheldon Gold Mira Anidjar Investment
Relations (416) 748-7800 or 1 (800) 596-5503
http://www.maxwellnetwork.com/ DATASOURCE: Royal Spring Water Inc.
CONTACT: Maxwell Network Group: Sheldon Gold, Mira Anidjar,
Investment Relations, (416) 748-7800 or 1 (800) 596-5503,
http://www.maxwellnetwork.com/
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