$HIPH -News alert! Revenue up 5023% year over year
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Posted On: 08/21/2018 11:44:25 AM
$HIPH -News alert! Revenue up 5023% year over year & debt slashed by $816,550
American Premium Water Corp. (OTC:HIPH) Announces Half-Year Revenue of $138,826, 5023% Increase Year over Year
GlobeNewswire•August 21, 2018
PLAYA VISTA, Calif., Aug. 21, 2018 (GLOBE NEWSWIRE) -- American Premium Water Corporation (OTC Pink: HIPH) (the “Company”) announces that for the first 6 months of the 2018 fiscal year, the Company generated revenue of $138,826, an increase of 5023% compared to the same period in fiscal 2017. The Company also announced that is has reduced its current liabilities by nearly 40%, or a total of $816,550, from forgiveness of differed compensation and the retirement of third party debt.
Ryan Fishoff, CEO American Premium Water Corporation commented: “I am excited to report to our shareholders that the Company surpassed revenue for the same period by 5023%. The second quarter was helped with the launch of Gents “Axe Capital” hats as part of its licensing arrangement with Showtime Networks. This has been a great partnership for us which has connected with Gents target demographic. In addition, the Company was able to reduce its liabilities by almost 40%, entirely through the retirement and elimination of differed compensation and amounts due third parties. I want to clarify that this reduction was due to forgiveness, and none of these liabilities were converted into free trading shares. I have been very committed to reducing the Company’s debt load, and this has been a key achievement of mine, especially as I conclude my first year as CEO, and look forward to the next year with many big things on the horizon, most notably the release of LALPINA Hydro CBD next week.”
The Company announced on July 25th that it would be launching its LALPINA Hydro CBD product for sale on August 27th, and subsequent announcement on August 9th announcing that the Company had filed with the Patent and Trademark Office. Delivering a prototype and bringing to market has been one of the signature achievements during Mr. Fishoff’s tenure as CEO. The Company’s transition into the CBD sector will position it to be a part of a $1 Billion industry that’s projected to grow to $3 Billion by 2020, according to Greenware Advisors. LALPINA Hydro CBD is slated to be the first of many products going forward utilizing CBD that the Company intends to market and sell.
“The Company is really excited to begin sales of LALPINA Hydro CBD. We have been talking about it for a while, but the launch date is near. There has been a lot of interest and demand for this product. I am excited to begin fulfilling it and growing the brand. Having immersed myself in the space over the past year, I really see the untapped opportunity for CBD products as part of the overall cannabis market. There is a lack of public education about the benefits of CBD and the differences between THC. As the public gets more educated, the sector will only expand. We are going to do what we do best – leverage our branding and marketing expertise to leverage the Company’s brands to create products to fulfill needs in these categories. Over the next year, the Company will be looking to expand into several categories and market segments; men’s grooming and pet products are two segments that I want to expand into under the Gents and LALPINA brands, respectively. I am hopeful we will go to market with CBD products under those brands by the end of the year. I am also very interested in exploring how the Company can utilize THC in its energy drinks. I look forward to updating the investor community on all these developments in the coming weeks and months,” Mr. Fishoff concluded.
American Premium Water Corp is the publicly held trading company that owns LALPINA HYDRO, LALPINA HYDRO CBD, Gents, Worthy, FashionCoinX and THRD Coin.
Please follow us on our social media outlets listed below:
@americanpremium
@lalpinabrands
@GentsCo
@WorthyLux
@FashionCoinX
#Gentsco
#lalpinahydrogen
For more information on American Premium Water Corporation / HIPH, go to:
http://www.lalpinahydrogen.com/investor-page.html
American Premium Water Corp. (OTC:HIPH) Announces Half-Year Revenue of $138,826, 5023% Increase Year over Year
GlobeNewswire•August 21, 2018
PLAYA VISTA, Calif., Aug. 21, 2018 (GLOBE NEWSWIRE) -- American Premium Water Corporation (OTC Pink: HIPH) (the “Company”) announces that for the first 6 months of the 2018 fiscal year, the Company generated revenue of $138,826, an increase of 5023% compared to the same period in fiscal 2017. The Company also announced that is has reduced its current liabilities by nearly 40%, or a total of $816,550, from forgiveness of differed compensation and the retirement of third party debt.
Ryan Fishoff, CEO American Premium Water Corporation commented: “I am excited to report to our shareholders that the Company surpassed revenue for the same period by 5023%. The second quarter was helped with the launch of Gents “Axe Capital” hats as part of its licensing arrangement with Showtime Networks. This has been a great partnership for us which has connected with Gents target demographic. In addition, the Company was able to reduce its liabilities by almost 40%, entirely through the retirement and elimination of differed compensation and amounts due third parties. I want to clarify that this reduction was due to forgiveness, and none of these liabilities were converted into free trading shares. I have been very committed to reducing the Company’s debt load, and this has been a key achievement of mine, especially as I conclude my first year as CEO, and look forward to the next year with many big things on the horizon, most notably the release of LALPINA Hydro CBD next week.”
The Company announced on July 25th that it would be launching its LALPINA Hydro CBD product for sale on August 27th, and subsequent announcement on August 9th announcing that the Company had filed with the Patent and Trademark Office. Delivering a prototype and bringing to market has been one of the signature achievements during Mr. Fishoff’s tenure as CEO. The Company’s transition into the CBD sector will position it to be a part of a $1 Billion industry that’s projected to grow to $3 Billion by 2020, according to Greenware Advisors. LALPINA Hydro CBD is slated to be the first of many products going forward utilizing CBD that the Company intends to market and sell.
“The Company is really excited to begin sales of LALPINA Hydro CBD. We have been talking about it for a while, but the launch date is near. There has been a lot of interest and demand for this product. I am excited to begin fulfilling it and growing the brand. Having immersed myself in the space over the past year, I really see the untapped opportunity for CBD products as part of the overall cannabis market. There is a lack of public education about the benefits of CBD and the differences between THC. As the public gets more educated, the sector will only expand. We are going to do what we do best – leverage our branding and marketing expertise to leverage the Company’s brands to create products to fulfill needs in these categories. Over the next year, the Company will be looking to expand into several categories and market segments; men’s grooming and pet products are two segments that I want to expand into under the Gents and LALPINA brands, respectively. I am hopeful we will go to market with CBD products under those brands by the end of the year. I am also very interested in exploring how the Company can utilize THC in its energy drinks. I look forward to updating the investor community on all these developments in the coming weeks and months,” Mr. Fishoff concluded.
American Premium Water Corp is the publicly held trading company that owns LALPINA HYDRO, LALPINA HYDRO CBD, Gents, Worthy, FashionCoinX and THRD Coin.
Please follow us on our social media outlets listed below:
@americanpremium
@lalpinabrands
@GentsCo
@WorthyLux
@FashionCoinX
#Gentsco
#lalpinahydrogen
For more information on American Premium Water Corporation / HIPH, go to:
http://www.lalpinahydrogen.com/investor-page.html
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