Royal Spring Water takes Africa by storm, with an additional International multi million dollar Letter of Intent for a 2-year t
2006年5月25日 - 3:06AM
PRニュース・ワイアー (英語)
LOS ANGELES, May 24 /PRNewswire-FirstCall/ -- Royal Spring Water
Inc. (OTC:RSPG), a bottler and distributor of pure, sweet water
from the Artesian wells of the Ogallala Aquifer, announced today
that it has received an additional multi million dollar
International Letter of Intent for a minimum 2- year term for the
territory of Cameroon, Africa, for over $4,000,000 (USD). Mr. Usman
Kalu, CEO for Glob Star, signed the Letter of Intent. To date, this
brings the value of Royal Spring Water's LOI's to over $18,750,000
per year, and over $51,500,000 for the next 3 years. "This is
another example that Royal Spring Water's exceptional quality, with
a competitive price, has helped us to penetrate the second African
country within a few days. We believe that Royal Springs bottled
water deal with Togo that was announced on May 18, 2006, set up a
precedent for other African countries and their local African
official bodies that are issuing the contracts, which we are in
negotiations with", said Mr. Hazan, CEO and President of Royal
Spring Water. Mr. Usman Kalu, CEO of Glob Star said, "It is very
exciting for our company to distribute Royal Spring Water product
into our territory of Cameroon. Based on both Royal Spring Water's
high quality of bottled water, and their very competitive prices
and output quantity, has enabled this LOI approval by the awarding
committee chairman". Also, it would be economically advantageous
for us to obtain the contract to supply Artesian spring water to
the Cameroon Development Assisted Project for the distribution to
the Cholera affected area in all the state, added Mr. Kalu. An
official contract between Royal Spring Water and Glob Star is
expected to be signed in the next few weeks, with the first
shipment targeted for the end of June. About Royal Spring Water
Inc. Royal Spring Water (http://www.royalspringswater.com/) bottles
and distributes pure, sweet water from the Artesian wells of the
Ogallala Aquifer of unparalleled quality and purity. The company's
underground source has existed for millions of years and is part of
the "Ogallala Aquifer", one of the country's largest and best water
quality aquifers. This pure water from the Artesian wells is
already cold and free of organic contaminants, making it desirable
for drinking. The state-of-the-art facility in Hereford, Texas is
where pure water is extracted from underground wells and then
through a complex filtration and bottling process. In addition to
exceptionally high quality water, the facility allows for the
manufacturing of plastic bottles and labels providing a fully
customized product for a very competitive price. It is simple -
Royal Spring Water has one of the country's best quality water, at
the best price currently available in the market. About Glob Star
Ltd. Glob Star is local importer of beverage and consumer goods
such as canned food and baby food in Cameroon, Africa. Established
in 1999, Cameroon based Glob Star imports products for local
government contracts and local supermarkets. Glob Star is well
respected in their country and is well connected in all political
levels of the country. Important Information About Forward-Looking
Statements The above statements in regard to Royal Spring Water,
which are not purely historical, are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, including Royal Spring Water's beliefs, expectations,
hopes or intentions regarding the future. All forward-looking
statements are made as of the date hereof and are based on
information available to the parties as of such date. It is
important to note that the actual outcome and the actual results
could differ materially from those in such forward-looking
statements. Factors that could cause actual results to differ
materially include risks and uncertainties, such as technological,
legislative, corporate, financial and marketplace changes. All
statements in this news release that are other than statements of
historical facts are forward-looking statements, which contain our
current expectations about our future results. Forward-looking
statements involve numerous risks and uncertainties. We have
attempted to identify any forward- looking statements by using
words such as "anticipates," "believes," "could," "expects,"
"intends," "may,' "should" and other similar expressions. Although
we believe that the expectations reflected in all of our
forward-looking statements are reasonable, we can give no assurance
that such expectations will prove to be correct. A number of
factors may affect our future results and may cause those results
to differ materially from those indicated in any forward-looking
statements made by us or on our behalf. Such factors include our
limited operating history; our need for significant capital to
finance internal growth as well as strategic acquisitions; our
ability to attract and retain key employees and strategic partners;
our ability to achieve and maintain profitability; fluctuations in
the trading price and volume of our stock; competition from other
providers of similar products and services; and other unanticipated
future events and conditions. For further information please
contact: Maxwell Network Group Sheldon Gold Mira Anidjar Investment
Relations (416) 748-7800 or 1 (800) 596-5503
http://www.maxwellnetwork.com/ DATASOURCE: Royal Spring Water Inc.
CONTACT: Maxwell Network Group, Sheldon Gold, Mira Anidjar,
Investment Relations, (416) 748-7800 or 1 (800) 596-5503,
http://www.maxwellnetwork.com/
Copyright