American Premium Water Corporation "APWC" (OTC Pink: HIPH) (PINKSHEETS: HIPH) www.americanpremiumwater.com is very excited to provide the following update to the investment community and our shareholders. APWC today announces its taken the largest step in company history, to increase individual shareholder value. APWC has reduced its Authorized Share count dramatically! This reduction puts the total current authorized common share count at 10,400,000. In May an amendment to APWC's Articles of Incorporation was approved. The required fillings to reduce Authorized Shares were approved by the Secretary of the State of Nevada on June 19, 2014. APWC has commenced the additional fillings with the appropriate agencies and commissions to further reflect this change. The company also expects to be filling for a new CUSIP number.
Authorized Shares are the maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation. Authorized shares should not be confused with outstanding shares, which are the number of shares the corporation has actually issued that are held by the public.
We are aware this is drastically lower than almost every publicly traded company on any exchange. We have premium products, premium brands, and aim to contract with only premium accounts, so we feel it is equally important to have a premium stock price. We believe taking this action to reduce Authorized Shares should increase confidence in the investment community and shareholders. While further sending a strong indication that we are concerned about the perception of dilution and highly committed to increasing shareholder value.
"Today APWC showed the investment community and its shareholders our serious commitment to preserving and increasing shareholder value. And potentially we feel it will make HIPH stock a more appealing investment to a broader class of investor specifically institutions. Reducing the Authorized Shares by such a drastic amount was a huge measure and long overdue. The reduction in Authorized Shares is also another step we are taking to try and realize our goal of being NASDAQ listed by the end of 2015. L'Alpina Spring Water 7.3 pH and L'Alpina Water 9.5 pH are premium brands and having a premium stock price to match is of the utmost importance to APWC. My mother always said Son: If it were easy everyone would do it. I can honestly say this has been the greatest and most exciting challenge of my career and see APWC following a similar path of http://en.wikipedia.org/wiki/Energy_Brands." - 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