NEWS on $HIPH American Premium Water Corp.’s
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American Premium Water Corp.’s (OTC:HIPH) Receives Rave Reviews for its Presentation during Planet MicroCap Showcase in Las Vegas, NVPress Release | 05/02/2018
PLAYA VISTA, Calif., May 02, 2018 (GLOBE NEWSWIRE) -- American Premium Water Corporation (OTC:HIPH) (“APWC”) had a successful Planet MicroCap Showcase in Las Vegas, NV last week, outlining the Company’s strategy and growth initiatives for 2018 and beyond. The presentation was well received by the institutional investors in attendance and follows the Company’s release of it’s 2017 year-end numbers, showing a 372% increase in sales year over year sales from 16’ to 17’.
“I was honored to present HIPH at the Planet MicroCap Showcase. I thought the presentation was well received by the investment community. The feedback that I received in one-on-one meetings with individual investors was extremely positive and they were on board with our strategy. In addition to the investment community, I had the chance to meet with CEO’s and top executives from other CBD, cannabis, VR, blockchain, and consumer products companies at the conference. There were lots of discussions and the ground work has been laid for some exciting joint ventures and co-distribution deals. As these materialize, I look forward to updating the investor community about those.” commented Ryan Fishoff, CEO American Premium Water Corporation.
At the conference, The Company updated investors on its strategic plan and vision for the Company, which included investing in its core LALPINA and Gents brands to increase sales and awareness. “Brand.Luxury.Lifestyle” is focus of The Company as it looks to not only expand LALPINA and Gents, but use that axiom as a guideline for potential acquisitions, which was also discussed in Mr. Fishoff’s presentation.
“The strategy that I outlined was well received by the investment community. They really got to see up close that our company is focused on the marketing and distribution of premium lifestyle consumer products. We are have two silos of parallel growth; organic and acquisitions. CBD is certainly a hot area; I am excited about the potential of not only LALPINA CBD, but also incorporating into CBD our Gents’ brand’s efforts to expand into the men’s luxury grooming market, potentially with its own line of topical CBD products. Then we have a number of acquisition opportunities, which is our other silo of growth. There are some in the beverage space, some in the consumer products space, and a few in the blockchain space. Making sure that the businesses we acquire fit within the Company’s vision and maximizing shareholder value will ultimately determine which transactions the Company does or does not transact on.” Added Mr. Fishoff
The Company also released its 2017 year end results, showing a year over year increase in sales from 2016 to 2017. The majority of these sales can be attributed to the Gents acquisition, but with the LALPINA Hydrogen rollout underway, both brands should contribute more equally to top line sales in 2018. The Company overall also substantially reduced its convertible debt and derivate liabilities in 2017, which was one of Mr. Fishoff’s first objectives as CEO.
“It was good to end the year with triple digit sales growth. I always want the total number to higher. The Company has its work cut out for 2018. Continuing to focus on debt reduction and derivative liabilities will also be themes in 2018. We have been a bit aggressive so far in 2018 with our cap table; about 25million of the shares we have issued have been restricted in escrow as “warchest” for acquisitions, which if we don’t transact on will be returned to treasury. There are a few things in the works and I look forward to keeping the investor community informed in the coming weeks and months about updates and progress on our various growth initiatives” concluded Mr. Fishoff