AQUAGOLD INTERNATIONAL ANNOUNCES COMPLETION OF PRODUCTION FOR FIRST ORDER

August 31, 2009

New York, NY (AUGUST 31, 2009) – AQUAGOLD INTERNATIONAL (OTC/PinkSheets: AQUI), a global distributor of premier Canadian spring water products, announces that it has completed production of its first order for five containers of AQUAGOLD’s flagship 500 mL bottled product.  Production has been completed according to schedule and in conformance with requirements by the Chinese importer Orient International Holding Shanghai Foreign Trade Co., Ltd. (Orient).  The order is being shipped in partial shipments, one of which is already aboard a ship on its way to Shanghai, China.  Another partial shipment is on the rail to Vancouver, Canada, and the final portion is expected to be loaded onto the rail in Montreal sometime this week.  All shipments will be made under an irrevocable letter of credit as required by the contract for all purchase orders from Orient.

 

A portion of product from this first order will go to the Dashang Group, the largest retailer in Northeast China and the fifth largest retailer of any kind in China.  Dashang registered total 2008 sales exceeding US$8.9 billion (RMB62.5 billion) and vies with LianHua, which is also a member of the AQUAGOLD sales group in China, for the number one ranking in national sales in the supermarket and hypermarket retail segment. A significant portion of final sales from this first order are expected to be made into the high-end, on-site consumption market in China.  Management anticipates the flagship product will be placed in such high-end venues as luxury hotels, top-class restaurants, and prestigious nightlife establishments adding support to AQUAGOLD’s developing brand and further encouraging off-trade sales that represent the largest sector of the total market.

 

“Successful completion of production for our first purchase order is a very large milestone in the ongoing development of AQUAGOLD as a first-class company” states Domingo M. SIlvas III, CEO of AQUAGOLD International.  “We have taken a purposefully deliberate approach in producing this first order well.  In so doing, we believe we have established the template going forward for efficient, quality production and order fulfillment for many years to come.  We believe that our entire process, from order receipt, through production and shipment, to documentation and compliance is now ready to successfully accommodate the rapidly increasing volumes required by the existing CAD$ 200 million contracts in hand as well as future growth above these numbers in global markets.”

 

About AQUAGOLD INTERNATIONAL

AQUAGOLD INTERNATIONAL is pursuing its mission to provide premier Canadian spring water products to the world. Its vision is to distribute its products globally and to become a leading distributor of some of the most recognized brands in the market. The company’s mission and vision have begun in China with its first bottled water product, AQUAGOLD Premier Canadian Spring Water.

 

The information in this press release may involve guidance, expectations, beliefs, plans, intentions or strategies regarding the future.  Except for historical information contained herein, all such statements included in this press release are forward looking statements and are made by AQUAGOLD INTERNATIONAL, INC. in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934.  All forward-looking statements are based upon information currently available.  Although Management believes that the expectations reflected in such forward-looking statements are reasonable, it cannot give any assurances that such expectations will prove to have been correct.  Actual results may differ materially from those indicated by these statements.  Numerous factors could cause or contribute to such differences.  The following risk factors, among others, could cause actual results to differ materially from those described in any forward-looking statements.  These risks and uncertainties include, but are not limited to, economic conditions, consumer spending, changes in the law or regulations, demand for products and services of the company, the competitive environment within the industry, the economic conditions in the industry and the financial strength of the Company’s customers and suppliers.  The Company does not undertake any obligation to update such forward-looking statements.  Investors are also directed to consider all other risks and uncertainties.

 

Contact Joe Matuella, 4D Strategies, Tel: 561.439.9994, email: Joe@4Dstrategies.com, www.aquagoldinternational.com.

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One Response to “AQUAGOLD INTERNATIONAL ANNOUNCES COMPLETION OF PRODUCTION FOR FIRST ORDER”


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