$HIPH- News Just out! 1,134% increase in sales.$HIPH has #CBD also
PLAYA VISTA, Calif., Jan. 18, 2018 (GLOBE NEWSWIRE) -- American Premium Water Corporation (HIPH), the producer of Lalpina Hydrogen Water and Gents luxury accessories, is pleased to announce a 1,134% increase in sales over its previous quarter 2017.
Following the company’s acquisition of Gents, American Premium Water Corporation, the producer of Lalpina Hydrogen Water and Gents luxury accessories is pleased to announce a 1,134% increase in sales and 80% reduction in debt over the prior quarter in 2017.
This outstanding performance is attributable to the Gents acquisition, in Q3, while also working hard to significantly reducing long-term convertible debt and increase shareholder value.
“After acquiring Gents this past September, with only one month of sales for the quarter, our Q3 results reflect the impact of the brand and the revenue it has added to HIPH. Gents is quickly becoming a vital asset to HIPH; I am looking forward to having a full quarter of revenue, which could represent a further 200% increase in sales, and further contributions for this coming fiscal year.
“In addition to the revenue the Gents brand adds to HIPH, its product will be leveraged to help promote the LALPINA brand. Its infrastructure and management team will be essential in growing LALPINA’s hydrogen energy products, including the launch of hydrogen infused CBD drink, which is on track to be released in the 1st half of 2018,” commented the HIPH CEO. “I am also pleased that we were able to significantly reduce our debt load by over 80% as we get our balance sheet in order and position the company for substantial growth in 2018,” he added.
Mr. Fishoff, the recently appointed CEO of HIPH, outlined his strategic plans for HIPH that included raising capital, developing strategic partnerships for both the LALPINA and Gents brands, wholesale and direct to consumer distribution growth, and international expansion as part of the company’s growth plan in 2018.
“As we previously announced, we have drastically reduced the company’s debt. I am also confident to see that we will continue the trajectory that we are on, having Gents under our corporate umbrella for all of Q4, the results should be extremely positive. We are looking to seize that momentum into the new year as we look to ramp up LALPINA sales, and drive growth of Gents through various business development opportunities that we are pursuing,” Mr. Fishoff said, adding, “We are looking to raise non-toxic capital in the coming quarter to help fund these growth initiatives, and I am confident that the clean-up we did on the balance sheet will help us achieve this by Q1 2018.”
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For more information on American Premium Water Corporation/HIPH, go to http://www.lalpinahydrogen.com/investor-page.html
The New York-based Gents is a producer of luxury hats and other fine accessories and apparel.. Their line is carried in over 200 retail outlets internationally, including Bloomingdale’s, Nordstrom, and Saks Fifth Avenue.
Visit www.gentsco.com to learn more. https://www.gentsco.com
Safe Harbor Notice
Certain statements contained herein are “forward-looking statements” (as defined in the Private Securities Litigation Reform Act of 1995). American Premium Water Corporation cautions that statements made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections or implied results. American Premium Water Corporation undertakes no obligation to revise these statements following the date of this news release. Additional details of the Company's business can be found in its public disclosures as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC"
This press release is issued on behalf of the Board of Directors by Alfred Culbreth, CEO and Director.