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.
American Premium Water Corporation
1615 South Congress
Delray Beach, FL 33445
Stock Symbol: HIPH
SOURCE: American Premium Water Corporation