AQUAGOLD International, Inc. (PINKSHEETS: AQUI) Announces WOLONG HOLDING GROUP CO., LTD. as Strategic Distribution Partner
2008年4月3日 - 3:35AM
Marketwired
LAS VEGAS, NV and MONTREAL today is proud to announce its
cooperation with WOLONG HOLDING GROUP CO., LTD.(www.wolong.com),
for the distribution of AQUAGOLD premium Canadian spring water
products in China. AQUAGOLD has been working closely with WOLONG
HOLDING GROUP CO., LTD. to prepare for the heavily anticipated
launch of the AQUAGOLD premium Canadian spring water line of
products this spring in China.
WOLONG HOLDING GROUP CO., LTD., established in 1984, has two
publicly listed companies on the Shanghai Stock Exchange (WOLONG
Electric 600580 and WOLONG Real Estate 600173), 29 subsidiary
companies, 6000 employees, and owns total net assets of 6.5 billion
Yuan RMB or approximately $1 Billion USD, with yearly revenues of
4.5 billion Yuan RMB or approximately $650 million USD after over
20 years of development mainly in the sectors of manufacturing,
real estate, financial investment and state-owned enterprise.
WOLONG HOLDING GROUP CO., LTD. has a rapidly expanding
commercial and financial network that extends over 30 countries
worldwide and the corporation actively participates in start-ups
and capital venture initiatives. This Chinese mega-corporation's
new import and distribution division that will be dealing with
AQUAGOLD operations will continue the WOLONG HOLDINGS tradition of
diversity and broaden the spectrum of its areas of business.
For 8 consecutive years, WOLONG HOLDING GROUP CO., LTD. has been
the industry leader for high quality technological solutions and
its brand is number one in the micro electric motor industry in
China counting long term strategic partnerships with companies such
as Panasonic, Mitsubishi, LG, Carrier and Honda. WOLONG HOLDINGS'
products hold more than 20% of the market share in their respective
sectors in China and the company is often referred to as the
"Siemens of the Orient." With this new venture WOLONG HOLDING will
step into the highly lucrative beverage sector and coordinate the
vast network of points of sale established for AQUAGOLD spring
water products.
"For AQUAGOLD to be associated with such an international
business powerhouse in WOLONG HOLDINGS is a true sign of the
quality of the foundation that our company has achieved in China.
WOLONG'S immeasurable experience and wealth of knowledge in
International business at all levels will be a huge asset going
forward for our company. This is by far the most significant
milestone for our company and a historic step for AQUAGOLD on our
way to becoming the brand of choice for imported spring water in
China. This massive achievement precedes the much anticipated
official launch of our line of premium Canadian Spring water
products. We have abundant amounts of information to be released
concerning the groundwork that has been laid out in preparation for
our launch and will be detailing our relationships and national
sales network very shortly," stated Daniel Sauv�, CEO of AQUAGOLD
International, Inc.
About AQUAGOLD International, Inc.
AQUAGOLD International, Inc. has developed a national network of
retailers and points of sale in preparation for the highly
anticipated launch of its line of premium spring water products in
China. In 2005, sales of bottled water in China experienced strong
growth of 16% (liters) and 15% (RMB/$) to reach 11.2 billion liters
and RMB24.1 billion or $3.17 billion USD in volume and current
value terms.
AQUAGOLD is actively pursuing additional growth and is focused
on growing market share in China as well as the rest of Asia, and
the Company anticipates even more substantial opportunities in the
near future as the Chinese capital city of Beijing hosts the 2008
Olympic Summer Games.
About EricDavid & Sons, Inc.
Specializing in investor relations, EricDavid & Sons, Inc is
a financial management, marketing and consulting firm that retains
as clients only those who are perceived to offer unusual products
or services with the potential to command a dominant position in
their respective industry/marketplace and publicize companies with
unique products services offerings whose stock is undervalued in
relation to their long-term earnings potential.
Forward-Looking Statements
This news release contains forward-looking statements 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 Exchange Act of 1934. All such statements
included in this press release, other than statements of historical
fact, are forward-looking statements. Although Management believes
that the expectations reflected in such forward-looking statements
are reasonable, it can give no assurance that such expectations
will prove to have been correct. Actual results may differ
materially from those indicated by these statements. 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, changes in the law or regulations, demand for
products and services of the company, the effects of competition
and other factors that could cause actual results to differ
materially from those projected or represented in the
forward-looking statements. Forward-looking statements are
typically identified by the words: believe, expect, anticipate,
intend, estimate, and similar expressions or which by their nature
refer to future events.
Contact EricDavid & Sons, Inc Investor Relations / Public
Relations Steven Weiss 609-529-3671 Email Contact or AQUAGOLD
International, Inc. Daniel Sauv� CEO 514-886-9079
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