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This represented a 40% reduction of our total liabilities.
2013 can be characterized also as a balance sheet rebuilding year as we were successful to reduce our liabilities by 1.1 million dollars when we completed our refinancing in August 2013.
We expect to continue to increase our sales and earnings growth for years to come.
To list a few: Dean & Deluca -- a chain of gourmet grocery stores, Saks Fifth Avenue -- luxury department stores, Quin Hotel NY -- newest luxury lifestyle hotel, WestHouse NY Hotel -- a member of Small Luxury Hotels of the World, Bouchon Bakery -- from Thomas Keller Restaurant Group, Dream Hotel -- from Wyndham Hotel group, Mercedes Benz of Nanuet NY and Wat-aah -- a premium brand of functional water for kids and teens.
Boreal Water's mission is to provide high-end private labeled bottled water and this year we were very successful at gaining some very prestigious and high-end accounts.
Boreal Water Collection Releases Open Letter to Shareholders -- Status and Recap of the Year 2013
KIAMESHA LAKE, NY--(Marketwired - Jan 7, 2014) - Boreal Water Collection, Inc. (OTCQB: BRWC)
Dear Shareholders,
I would like to take this opportunity to share several noteworthy achievements our Company made during 2013.
With our company's network, we are in a very good position to penetrate and capture the Chinese market and our growth will be extensive and sustained."
We will sell the water to KA stores and on line stores, do promotional campaigns in the supermarkets, advertise on the internet such as TAOBAO, YIHAODIAN, JINGDONG etc. and also advertise in fashion magazines.
Mrs. Shen says, "The high end Chinese market is very keen to get some good water from North America; presently they consumed Evian, Perrier and San Pellegrino." Per Mrs.Shen, "We have already signed distributors in Beijing, Shanghai, Shenzhen, Suzhou, Guangdong, Xia Meng, Jiang Su and Zhejiang.
Boreal Water Collection Signed With Suzhou Hengrun Import & Export Corp., Ltd. a General Agent Agreement for the Distribution of Its Waters Into China
KIAMESHA LAKE, NY--(Marketwired - Jan 13, 2014) - Mrs. Francine Lavoie, CEO of BOREAL WATER COLLECTION, INC. (OTCQB: BRWC) is proud to announce that she has signed a general agent agreement with SUZHOU HENGRUN IMPORT & EXPORT CORP., LTD. to distribute Boreal Water into China. Sales Manager Mrs. Anny Shen from SUZHOU HENGRUN IMPORT & EXPORT CORP., LTD. intends to distribute Boreal Water's products all over China.
In addition to exhibiting at Sial China 2014, Boreal Water Collection Inc. has begun shipping water from its spring in the New York Catskills mountains to its general agent and setup a Chinese language website at http://www.hengrunfoods.com.
. Last year's Sial China 2013 event attracted 41,304 visitors and 2,157 exhibitors from 79 countries.
The event is put on by SIAL Group, the world's leading food and beverage industry trade organizer, which holds events each year around the world.
Sial China anticipates 2,400 exhibitors from 90 countries and regions that will present to more than 45,000 food and beverage professionals in 2014's show.
"We are excited to be a part of this show through our previously announced agreement with Suzhou Hengrun and look forward to building our footprint in the world's most populous country."
"Sial China is the largest food and beverage show in the country, attracting food, beverage, wine and spirits professionals from around the country," said Mrs. Francine Lavoie, CEO of Boreal Water Collection Inc.
Boreal Water to Debut at China's Largest Food Show in May
KIAMESHA LAKE, NY--(Marketwired - Mar 17, 2014) - Boreal Water Collection Inc. (OTCQB: BRWC), a leading provider of award-winning premium bottled water for high end private label clients, today announced that Suzhou Hengrun Import & Export Corp. Ltd. will debut its premium bottled waters at the Sial China Show on May 13-15, 2014 in Shanghai, China.
These updates will include our China expansions various partnerships we formed and various other strategic alliances. Increasing shareholder value is the board top mandate.
The company will continue to update shareholders with all pertinent information with regards to business development and strategic planning.
The company's board of directors has initiated a strategy review to evaluate potential strategic partnerships and alliances with established industry players that can help unlock the potential of Boreal.
Boreal Water (BRWC) Business Strategy Alliances
KIAMESHA LAKE, NY--(Marketwired - Mar 24, 2014) - Boreal Water Collection Inc. (OTCQB: BRWC), a leading provider of award-winning premium bottled water for high end private label clients, today announced that it is committed to increasing shareholder value and that it is evaluating all potential business opportunities to achieve this goal.
Mrs. Lavoie also stated that the work to increase shareholder value being a major objective set by the board for the year 2014 is on track and that she is confident that this will be achieved.
Mrs. Francine Lavoie CEO of Boreal Water Collection Inc., states, "The acceptance of our product in the various regions of China and the strong interest by many major food distributors only confirms the quality of our product and the innovative way which we have developed to enter this new market." She also confirmed that a substantial volume was already ordered and deliveries already started in March 2014.
Boreal Water Products Are Now Distributed in the Chinese Market
KIAMESHA LAKE, NY--(Marketwired - Apr 2, 2014) - Boreal Water Collection Inc. (OTCQB: BRWC), a leading provider of award-winning premium bottled water for high end private label clients, today announced that the largest supplier of diversified products and services in the agricultural products and food industry in China has placed a large order of bottled water from Boreal Water Collection Inc.
We look forward to distributing Boreal's water. We have been in business for 30 years now."
Mrs. Amy Chen says, "We have built a strong relationship with various sales channels in Taiwan, which includes CVS, hyper markets, supermarkets and other retail stores for a total of approximately 10,000 stores.
KIAMESHA LAKE, NY--(Marketwired - Apr 9, 2014) - Mrs. Francine Lavoie, CEO of BOREAL WATER COLLECTION, INC. (OTCQB: BRWC), is proud to announce that she has signed a general agent agreement with ONG SIENG TRADING LTD. to distribute Boreal Water and Saint-Élie Water into Taiwan.
Boreal Water Collection Signed a General Agent Agreement for the Distribution of Its Waters Into Taiwan
Additional details of the Company's business, finances, appointments and agreements can be found at www.otcmarkets.com/stock/BRWC. For more information, visit our website at www.borealwater.com.
In light of China's economic growth, we feel that this opportunity will bring value to our shareholders."
We're thrilled that our superior Boreal Baby Water fits the product profile that meets COFCO's commitment of offering only the healthiest products and ingredients to their customers.
It is a very great pleasure to have the opportunity to test market Boreal Baby Water with such a strong and well positioned importer as COFCO.
With our line of Boreal Baby Water, the opportunity to sell into China is fantastic.
Francine Lavoie, President & CEO of Boreal Water Collection Inc., comments, "Our first international opportunity with Boreal Baby Water is another major milestone for the company.
It is devoted to utilizing renewable natural resources to provide healthy and nutritious food, high quality lifestyle and services, as well as contributing to improve people's living standards, social prosperity and stability.
COFCO (www.COFCO.com) is the largest supplier of diversified products and services in the agricultural products and food industry in China.
Boreal Water Collection Expands Presence in the Chinese Market With Its Boreal Baby Water
KIAMESHA LAKE, NY--(Marketwired - May 28, 2014) - Boreal Water Collection Inc. (OTC Pink: BRWC) (PINKSHEETS: BRWC) (the "Company"), a leading provider of award-winning premium bottled water for high end private label clients, and also manufacturer of Boreal Baby Water sold in 1 liter, 500 ml and 330 ml sizes, is very pleased to announce its first international test product placement for its Boreal Baby Water under the auspices of major Food importer COFCO of China.
Boreal Water offers many appealing private label formats in distinctive bottles for such illustrious brands like Balance Water, Function Water, Wa-taah Water, Fred Water, Dean & DeLuca, Saks Fifth Avenue, the Quin Hotel, WestHouse New York, the Surrey New York City, Bouchon Bakery, Princeton University, Leisure Time Spring Water, and Boreal Baby Water.
Not only does Boreal Water specialize into producing private label products but we also help our customers to develop their own innovative products."
Francine Lavoie, President and CEO says, "These functional enhanced water products are buzzing and growing.