BRWC is H20 GOLD!
Please read – transcripts of the text message conversation with Boreal Water Collection's (BRWC) CEO, Francine Lavoie
Text Conversation with the #1CEO from 1/3/2016:
“All this is so untrue and totally unfounded. Wat-aat has 3 bottlers doing their bottling. West, Coast, Mid West and East Coast… They are looking for one in the South now… All this because of freight charges. So Boreal is reporting correctly their sales… Same with Soho… or any other clients. Licensing agreement all is fine with it.. It was for 5 year term which is now expired…
As far as St-Elie, no conflict of interest. No money is funneled to St-Elie… St. Elie has always helped Boreal financially… All is absolutely proper…
As for the two previous auditors Rodger and Johnson, it is the SEC that dismissed them. It had nothing to do with Boreal except their audits because invalid. As for Heyn, I let him go after 4 months as he was not performing as per mandate and wanted a fortune for his work. Any CEO would have done the same. Now we have 3 years of audits to do, cost is really high and I am really evaluating if to just becoming limited information. I think it is just OK for Boreal needs.
SEC are all aware of this… so no worry and all legal…
IRS…nothing to worry… if Linda or other shareholders wants to spend money for nothing, they will just waste their time and money. We have huge accumulated losses so obviously no taxes to pay.
I hope 2016 will be a wonderful year… I am working real hard for it.
To tell you the true, I am SO TIRED of these bashers, they make me so angry and truly unmotive me to talk and write to shareholders… They are spoiling all the investor relations. YOU CAN SHARE MY ANSWERS WITH OTHER SHAREHOLDERS. Maybe people will understand why I give up my IR effort. If you would read some of the emails and texts I get you would be appalled and scandalized at what I have to read and the vocabulary that is used against me…”
End of Text messages... you can also view the messages at the links below:
https://drive.google.com/file/d/0B7_hYEjuSY0_b1dzcHlRdVlhTDA/view?usp=docslist_api.
https://drive.google.com/file/d/0B7_hYEjuSY0_N2pjT0E2YXlqLUE/view?usp=docslist_api.
https://drive.google.com/file/d/0B7_hYEjuSY0_aEhsQU4tVjRJY1U/view?usp=docslist_api.
https://drive.google.com/file/d/0B7_hYEjuSY0_bnFmWmhqR3RuV0U/view?usp=docslist_api.
As for the audits for BRWC, why wasn't the cost of the audits determined with Heyn prior to the signing of the CPA engagement letter? This is extremely strange! The CPA engagement letter would have detailed what was to be completed and the cost of doing so. It would've also provided her an estimated timeline. I spoke to a CPA that works in the SEC realm and he too found it odd that the cost wouldn't have been agreed upon prior to the start of the audit. In addition, I thought Fran had paid him in stock? ( I could be totally wrong... vaguely remember something along those lines).
St.Elie - From the sound of the text message, St. Elie is helping Boreal? How? I thought Boreal was charged a fee to work with St. Elie? How is that helping us?
As far as St-Elie, no conflict of interest. No money is funneled to St-Elie… St. Elie has always helped Boreal financially… All is absolutely proper…" - CEO
By the way.... If there is no conflict of interest.... why in the heck do they have the same clients listed on both website? This isn't strange? Not at all?
Compare Boreal's private labels with Saint-Elie's - they are exactly the same. (As another shareholder has pointed out)
http://www.borealwater.com/boreal_water/boreal-water-turn-key-service.php?var=private
http://www.saintelie.com/saint_elie_eng/service-cles-en-main.php?var=private
You have to ask yourself…. Is this a true Leader? Is this the kind of leadership I’m looking for in a stock? By the way, why is the CEO only responding to one particular shareholder? It also brings up the questions… is this shareholder receiving any insider trading information? If Fran is pouring her heart out in a text messages to this shareholder… what else could she be telling her/him? Does anyone else find this odd?
Encore - Information on China, Taiwan and UAE..... Will the UAE follow the same route as past deals? Please see a history and PR History ... must read..
Deals…
As you will see below, I have put together a Boreal Water Collection “Deal” timeline for each agreement and contract pertaining to UAE, China and Taiwan. I will need some of the older shareholders to fill me in on the Taiwan Agreement. This one was new to me. At the very end, I also included some other "random" thoughts and info on BRWC.
UAE – Timeline of Deal
November 11, 2015:
KIAMESHA LAKE, N.Y., Nov. 11, 2015 /PRNewswire/ -- Boreal Water Collection Inc. (OTC: BRWC), a leading provider of award-winning premium bottled water for high end private label clients; Boreal Water President and CEO Francine Lavoie notes, "We are presently in the process of finalizing with a group from United Arab Emirates (UAE) a long term water supply contract. As soon as finalized we will make details of the agreement public to all our shareholders."
http://www.otcmarkets.com/stock/BRWC/news/Boreal-Water-Collection-Negotiating-a-Long-Term-Water-Supply-Contract-with-a-Group-from-United-Arab-Emirates?id=118798&b=y
February 9, 2016:
KIAMESHA LAKE, N.Y., Feb. 9, 2016 /PRNewswire/ -- Boreal Water Collection, Inc. (OTC: BRWC), an established water bottler of premium private-labeled bottled water products tailored for each client's particular need, today issues the following updates.
In the Fall of 2015, we were able to get interest from a large international group from the UAE and Saudi Arabia for buying our water. In December 2015 and January 2016, we conducted water tests required from these buyers. Results have been positive, so our legal teams are now working on the contracts and we expect to sign these long term supply contracts in the first quarter of 2016. The proposed initial ship date is April 1, 2016 and the term for the contract will be 5 years. (Today is April 22, 2016 - we are now 21 days past the initial ship date. There has been no mention of a new rescheduled shipping date.)
In the last 3 months, International Capital LLP (Intercap), our London England based financial advisor, was able to raise capital to finance the growth and the expansion of Boreal Water. Intercap currently raised $500,000 in debenture with warrants priced at $0.0075 from 2 investors in Saudi Arabia.
Boreal was able to lock in its right of "first refusal" on purchasing Alpine Spring property. Currently the company is paying $65,000 per year with on a long term lease that was to expire Oct 31, 2035, making a minimum future payment of $1,605,824. Instead of paying these fees, the company will purchase Alpine Springs for an amount of $600,000. This purchase will be very beneficial to the company and permits the company to control its own water springs. The property consists of 130 acres of land.
http://www.otcmarkets.com/stock/BRWC/news/Boreal-Water-Collection-Releases-Update-On-UAE-Deal?id=124899&b=y
April 5, 2016:
“As for our export contract of bulk water to UAE, MENA and SAARC countries, Boreal has conducted a series of tests to measure the quality of water for periods of 30 and up to 90 days which have confirmed that water quality does not change when stored in 20,000 liters flexi tanks which will be used to transport the water to the UAE, MENA and SAARC countries. Water will be shipped to Port Elizabeth harbor which is located less than 250 miles from Boreal's plant and springs. Francine Lavoie, CEO, says "I am anxious to start shipping our water in these regions. We are now in the final stage with the legal contracts. This part of the world is in extreme needs for water not only for human consumption, but also for industrial, pharmaceutical and agricultural needs. The use of flexi tanks to ship the water will permit us to move water in bulk to these different buyers."
http://www.otcmarkets.com/stock/BRWC/news/Boreal-Water-Collection-Takes-a--quot-Bigger-Bite-quot--as-it-Continues-Multi-Pronged-Expansion-Plans-In-New-York-as-well-as-Internationally?id=128742&b=y
Taiwan Deal in 2014?
Does anyone remember this deal? Shipping water to Taiwan?
April 9, 2014:
Boreal Water Collection Signed a General Agent Agreement for the Distribution of Its Waters Into Taiwan
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. 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. We look forward to distributing Boreal's water. We have been in business for 30 years now."
ABOUT ONG SIENG TRADING LTD. We are Ong Sieng Trading Ltd., an international trade company in Taiwan with 30 years' experience in importing, exporting and distributing products from more than 20 countries abroad. Our company's core beliefs are Trust, Honesty and Co-operation -- with these 3 beliefs, our name and reputation are well-known in the Taiwan market. Thus, 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. www.ostc.com.tw
http://www.otcmarkets.com/stock/BRWC/news/Boreal-Water-Collection-Signed-a-General-Agent-Agreement-for-the-Distribution-of-Its-Waters-Into-Taiwan?id=78824&b=y
China Contract – Timeline of the Deal:
The start of working in Asia….
January 13, 2014:
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. 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. 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. 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."
ABOUT SUZHOU HENGRUN IMPORT & EXPORT CORP., LTD. was founded on the basis of the reorganization of its predecessor-Suzhou Textiles Import & Export Co. in 2000, with a registered capital of USD 13,600,000 (CNY 80,000,000). The former company, specialized as a textiles trading company, and was established in 1978. The import and export turnover of the year 2005 ranked the 25th in the textile & garment export enterprises of China. The new corporation mainly handles the import and export of piece goods, garments, woolen, cotton knitwear and home textile, foods, drinks, oil, etc., as well as the foreign trade of light-industry products, arts and crafts, minerals, chemicals, and medical products. It obtained a comprehensive sales outlet all over the world. The Corporation is looking forward to cooperating with Boreal Water Collection Inc., in order to bring a prosperous future to both parties of the cooperation. (www.hengrunchina.com)
http://www.otcmarkets.com/stock/BRWC/news/Boreal-Water-Collection-Signed-With-Suzhou-Hengrun-Import--amp--Export-Corp---Ltd--a-General-Agent-Agreement-for-the-Distribution-of-Its-Waters-Into-China?id=74241&b=y
March 17, 2014:
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.
"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. "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 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. 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. Last year's Sial China 2013 event attracted 41,304 visitors and 2,157 exhibitors from 79 countries.
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.
http://www.otcmarkets.com/stock/BRWC/news/Boreal-Water-to-Debut-at-China-s-Largest-Food-Show-in-May?id=77447&b=y
April 2, 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.
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.
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.
http://www.otcmarkets.com/stock/BRWC/news/Boreal-Water-Products-Are-Now-Distributed-in-the-Chinese-Market?id=78452&b=y
August 14, 2014:
Boreal Water Distributor, SOHO Corp, Gets the Go Ahead From the Chinese Government to Import "Boreal's Baby Water"
Global Bottled Water Market Reached Over $157 Billion in 2013
KIAMESHA LAKE, NY--(Marketwired - Aug 14, 2014) - Boreal Water Collection, Inc. (PINKSHEETS: BRWC) announced today that its major distributor in Asia, SOHO Corp., just received all the approvals necessary from the Chinese government to import "Boreal's Baby Water" product in large quantities. The contract value is approximately $24 million over a 36 month period. The company will disclose the details of the results of these negotiations as soon as they are finalized.
According to a new report by Transparency Market Research, China is the most active market worldwide for bottled water. Asia Pacific dominated the global bottled water market and accounted for 33% of the global demand valued at approximately $157.27 Billion in 2013. In the coming six years, Asia Pacific is expected to remain the most promising market, with an estimated compound annual growth rate of 10.5% in terms of revenue from 2014 to 2020. The market is expected to reach $279.65 billion by 2020.
"We are extremely pleased that all the authorizations have now been obtained SOHO which will now allow us to begin shipping product over the next month. These new sales will greatly add and play a significant role in our 2015 forecast of revenues," commented Francine Lavoie, CEO of Boreal Water Collection Inc.
http://www.otcmarkets.com/stock/BRWC/news/Boreal-Water-Distributor--SOHO-Corp--Gets-the-Go-Ahead-From-the-Chinese-Government-to-Import--quot-Boreal-s-Baby-Water-quot-?id=86150&b=y
September 15, 2014:
Boreal Water Collection Completes $24 Million Private Label Agreement in Asia with SOHO Corp and Receives First Order for its Catskill Mountain Spring Water Under the Brand Name CATSKY
KIAMESHA LAKE, N.Y., Sept. 15, 2014
KIAMESHA LAKE, N.Y., Sept. 15, 2014 /PRNewswire/ -- Boreal Water Collection, Inc. (OTC: BRWC) a high end private label bottled water company from NY, announced today that it has completed a $24 million private label agreement with SOHO Corp. for the Asian Market and received from them the first order for Boreal's Catskill Mountain Spring Water under the brand name CATSKY. Recently we have announced that SOHO Corp. has received all the necessary approvals from the Chinese government to import "Boreal's Water" product in large quantities. The total value of this agreement is approximately $24M over a 36 month period.
According to a new report by Transparency Market Research, China is the most active market worldwide for bottled water. Asia Pacific dominated the global bottled water market and accounted for 33% of the global demand valued at approximately $157.27 Billion in 2013. In the coming six years, Asia Pacific is expected to remain the most promising market, with an estimated compound annual growth rate of 10.5% in terms of revenue from 2014 to 2020. The market is expected to reach $279.65 billion by 2020.
"We are very exciting to start our new business, and looking forward to a long term partner with your company Boreal. We hope in the future we can have big successful business in China with the Catsky bottled water" Mr. Peter Cao Yi, General Manager of Jiangsu SOHO International Group Corp.
"We are so pleased with this private label agreement with SOHO Corp. and very happy to receive this new order from China. Asia is a huge market for our products. SOHO Corp. is a major player in Asia and they will promote the CATSKY brand for which the natural spring water comes from our Catskill Mountains spring. We strongly believe that this strategic alliance will help us penetrate this large Asian market earlier than expected and generate profits for our loyal shareholders
Key wording: The total value of this agreement is approximately $24 Million over 36 month period.
http://www.otcmarkets.com/stock/BRWC/news/Boreal-Water-Collection-Completes--24-Million-Private-Label-Agreement-in-Asia-with-SOHO-Corp-and-Receives-First-Order-for-its-Catskill-Mountain-Spring-Water-Under-the-Brand-Name-CATSKY?id=87837&b=y
April 1, 2015:
Boreal Water Receives an Order From the Largest Retail Chain in China; China Resource Vanguard for Its Boreal Baby Water
Global Bottled Water Market Reached Over $157 Billion in 2013
KIAMESHA LAKE, NY--(Marketwired - Apr 1, 2015) - Boreal Water Collection, Inc. (OTC PINK: BRWC) is extremely excited to announce that the largest food and beverage retailer in China, VANGUARD Corp., has just placed an order for Boreal's Baby Water. They will place Boreal's Baby water into 300 Vanguard supermarket stores across China. If Vanguard sales projections are met, the order sizes are expected to be very large and to be the biggest order so far that Boreal received from China. This will bring an impressive increase to Boreal already improving revenue numbers.
In a press release dated of March 31th, 2015, Boreal Water Collection, Inc. stated that revenues for the year ending December 31, 2014 were of $2,411,739 as compared to $2,151,513 for last yearend results, an increase of $260,226, or 12%. With the new Vanguard account, the 2014 numbers are estimated to double just with the business Boreal will do in China.
Boreal Water Collection, Inc. is actively involved in finalizing other Asian deal. That information will be updated to the public as soon as they are completed. The company also plans to release information on its expansion overseas in the very near future.
"This is an extremely exciting time and amazing step for our company. We are happy to start shipping the product to Vanguard in Shenzhen next month. We are happy that they will promote our brand of Boreal Baby water. This will also helped the company gain interest from other larger distributors. These new sales will greatly add and play a significant role in our 2015 forecast of revenues," commented Francine Lavoie, CEO of Boreal Water Collection Inc.
According to a new report by Transparency Market Research, China is the most active market worldwide for bottled water. Asia Pacific dominated the global bottled water market and accounted for 33% of the global demand valued at approximately $157.27 Billion in 2013. In the coming six years, Asia Pacific is expected to remain the most promising market, with an estimated compound annual growth rate of 10.5% in terms of revenue from 2014 to 2020. The market is expected to reach $279.65 billion by 2020.
Lastly, Boreal Water Collection, Inc. noted in its recent 8-K an increase in the Authorized Shares. The company has been taking the necessary steps to prepare for possible mergers and acquisitions. As stated above, the company is actively involved and considering many options to maximize growth, revenue, and shareholder value. The company appreciates those who have been supportive and is now is a great position to continually increase shareholder value.
http://www.otcmarkets.com/stock/BRWC/news/Boreal-Water-Receives-an-Order-From-the-Largest-Retail-Chain-in-China--China-Resource-Vanguard-for-Its-Boreal-Baby-Water?id=100984&b=y
April 7, 2015:
Boreal Water Collection Expands Operations With a New China Office in Shanghai and Hires Its First Full Time China Sales Representative
Strategic Growth in China Prompts Company to Strengthen Commitment to Local Market and Customers
KIAMESHA LAKE, NY--(Marketwired - Apr 7, 2015) - Boreal Water Collection Inc. (OTC PINK: BRWC) a leading producer of award-winning premium bottled water, today announced the Company hired Jingya Zhao as its first full time China sales representative. Miss Zhao will be responsible for working with existing customers as well as developing new accounts. She will be working out of our newly open office in Shanghai.
CEO of Boreal Water, Francine Lavoie, said, "In 2015, we planned to rapidly grow our sales in China. With the recent Vanguard order and now the opening of a new office, we feel very confident to meet our goal for 2015 to rapidly grow our sales. Year 2015 is going to be amazing. The demand for our spring water has been outstanding."
"Having a new sales team and an office will allow us to have the flexibility of growing with our customers and partners, as we continue to provide a collaborative business model to help our customers succeed in this fast changing and competitive market," Lavoie added.
As a note to our shareholders, we are actively in the process of finalizing some very attractive acquisition opportunities. With the accounts that we open so far this year, we are in a position to become one of the leaders in the industry. Cost of operations had already decreased by 30%. The future for Boreal Water Collection, Inc. is going to be remarkable.
Boreal Water is presently developing a Chinese website and sales brochures. Inquiries regarding the Chinese market should be directed to chinasales@borealwater.com or Miss Zhao in Shanghai at +86 13621681750.
http://www.otcmarkets.com/stock/BRWC/news/Boreal-Water-Collection-Expands-Operations-With-a-New-China-Office-in-Shanghai-and-Hires-Its-First-Full-Time-China-Sales-Representative?id=101335&b=y
May 19, 2015:
This is one PR worth noting. If you recall, the CEO recently announced that Boreal Water is available in 80 stores in China. So, I find it very odd that in May 19, 2015 the CEO announced 300 stores but changed the story months later after my conversation with Chloe in which Chloe made it clear that it was only 80 stores.
Boreal's Baby Water Now Available in Over 300 Supermarkets in China
Boreal Water Will Be at the International High-end Drinking Water Expo in Guangzhou China on June 4 -6, 2015
KIAMESHA LAKE, NY--(Marketwired - May 19, 2015) - Boreal Water Collection, Inc. (OTC PINK: BRWC), a leading producer of award-winning premium bottled water for high end private label clients, today announced that it will exhibit at the International High-end Drinking Water Expo in Guangzhou China on June 4 to 6, 2015.
"Also we are pleased to announce that our client CR Vanguard will be selling our Boreal's Baby Water in 300 supermarkets." said Francine Lavoie, CEO of Boreal Water Collection Inc. With the rapid development of China's economy, the per capita income has greatly improved, and people are pursuing higher living standards and quality of life. Mainly for health and safety reasons, the drinking water demand is higher. China's high-end drinking water market in 2012 was estimated at 1.5 billion dollars US (9 billion Chinese Yuan), with 20% annual growth rate. Guangzhou, China's economic and trading centre, is an important trading centre in the South of China. Meanwhile, adjacent to Hong Kong, Macao, Taiwan, and South Asia, Guangzhou has an excellent economic power.
About CR Vanguard Corp.
CR Vanguard is a subsidiary group enterprise controlled by CR Group, a central state-owned group enterprise, one of the Top 500 and the largest retail chain enterprise group. The Group has been seeking to provide products and services of high quality to meet customer needs. So far, CR Vanguard has reached over 100 center cities in 27 provincial regions in China. In 2012, the Group accomplished the sales volume of US$10.7 billion through 4,425 stores with over 200,000 employees.
http://www.otcmarkets.com/stock/BRWC/news/Boreal-s-Baby-Water-Now-Available-in-Over-300-Supermarkets-in-China?id=105053&b=y
June 9, 2015:
This was the last really PR update on China until 2016.
Boreal Baby Water Was Awarded the Silver Medal at the International High-End Water Tasting Contest in Guangzhou, China
http://www.otcmarkets.com/stock/BRWC/news/Boreal-Baby-Water-Was-Awarded-the-Silver-Medal-at-the-International-High-End-Water-Tasting-Contest-in-Guangzhou--China?id=106857&b=y
February 9, 2016:
Update on the China Deal
“During 2015, our export sales to China were not as good as projected by our clients in their contracts with us. The slowdown in the Chinese economy and the currency devaluation affected their sales. Boreal however attended trade shows and won the 2nd price as the best tasting water at the China High-end water Exhibition. In August 2015, Boreal succeeded in obtaining the copyrights on its Boreal Baby Water products so it can protect itself against possible copies. Boreal Water management still projects that its baby water product line will increase its sales in the coming years in the Chinese market. Presently our products are in many high-end retail outlets and online retailers. Our baby water is recognized in China as being pure, sodium free, BPA free, and bromate free with low mineral content and a balanced PH. Those are all perfect conditions for quality baby water to become a successful brand in China.”
http://www.otcmarkets.com/stock/BRWC/news/Boreal-Water-Collection-Releases-Update-On-UAE-Deal?id=124899&b=y
Misc. Notes for the past two years:
June 3, 2014: DOUBLING PRODUCTION? What about the plant only being a 5% capacity?
Boreal Water Collection Is Doubling Its Production Output Capacity
KIAMESHA LAKE, NY--(Marketwired - Jun 3, 2014) - Boreal Water Collection, Inc. (OTCQB: BRWC)
Boreal Water is doubling its production output capacity by adding a second full time shift for its production of high end private label products and functional enhanced waters.
Boreal Water prides itself to be a leader with its packaging innovations and its great selection of private label products and of functional enhanced waters. Francine Lavoie, President and CEO says, "These functional enhanced water products are buzzing and growing. Not only does Boreal Water specialize into producing private label products but we also help our customers to develop their own innovative products."
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.
http://www.otcmarkets.com/stock/BRWC/news/Boreal-Water-Collection-Is-Doubling-Its-Production-Output-Capacity?id=81989&b=y
June 11, 2014:
Does anyone remember this? This is well before my investment into BRWC:
Boreal Water Revenue Projected Increase of 25% Along With New Acquisition Plans on the Horizon
Statement From the Chairman of the Board
KIAMESHA LAKE, NY--(Marketwired - Jun 11, 2014) - Boreal Water Collection, Inc. (OTCQB: BRWC)
"I am pleased to report that in 2013, Boreal Water achieved record operating earnings per share with year-end revenues of $2.1M. Since the beginning of the current year, 2014, Boreal Water has had approximately $1M in revenue, with projected revenues exceeding $2.7M for the year-end, putting us well on track to our 2015 Road Map objective of at least $5M in revenue. Importantly, we continued to deliver value to you, our owners.
This performance is a testament to our strategic position and capabilities, the discipline of our management systems, and the acceptance of our quality production. Importantly, it reflects the impact of a distinct choice we have made about Boreal's business and marketing model.
Boreal Water is an innovative company, both in what we do and in how we do it. We pursue continuous transformation -- always remixing to higher value in our portfolio and skills, in the capabilities we deliver to our clients and in our own operations and management practices. Recently we have engaged new auditors with expectations to bring current our SEC reporting obligations in the very near future with a listing on the OTCQB, as well as have funding commitments for future acquisitions to meet the demands of our clients and increase productivity, revenues and profitability.
This is not the only path to success in our industry, and it is not the easiest one. This has been a very challenging year for Boreal Water in terms of change and growth. The company has been able to resolve SEC reporting issues, property procurement issues, and has established a funding partner; while continuing to demonstrate growth in revenues.
As a Board, we are always mindful of the duties we owe to the Company's shareholders and key stakeholders to ensure the Company has the right people, systems and processes in place to manage risk and deliver the Group's agreed strategy. As Boreal's business objectives continue to progress, this is even more important. As Chairman, I am responsible for ensuring that the Board operates effectively with well-informed directors asking the right questions and setting the right tone from the top. Boreal is working hard to achieve our goals with increasing value and equity for all of our shareholders," stated Francine Lavoie, CEO and Chairman of the Board.
http://www.otcmarkets.com/stock/BRWC/news/Boreal-Water-Revenue-Projected-Increase-of-25--Along-With-New-Acquisition-Plans-on-the-Horizon?id=82514&b=y
Why do I find this one hard to believe? Should me the money via an accurate audit!!! This is why having accurate financials is critical to the health of any company. It bothers me that it’s now been four years since an accurate audit was completed. Check this one out:
November 10, 2014:
Boreal Water Collection Reports Continued Growth in the Third Quarter of 2014
Sales Increase by 14% While Profitability Rises by 57%
KIAMESHA LAKE, NY--(Marketwired - Nov 10, 2014) - Boreal Water Collection Inc. (OTCQB: BRWC), a high-end private label bottled water company from NY state, announces today that it has experienced continued growth and exceeded sales projections during the third quarter 2014.
The Company's revenues for the three months ended September 30, 2014 and 2013, were $652,505 and $571,794, respectively, an increase of $80,771 or 14.2 %. Costs of sales were 78% and 86% and the gross profit percentages were 22% and 14%, respectively. The resulting increase in gross profit of 57% is a direct result of our sales strategy to (i) increase sales of the Boreal brands to both new customers and existing customers, (ii) selective price increases, and (iii) improve our distribution network and aggressively grow our co-packing and label business.
"We strengthened the core of our product line, expanded our client list globally, and managed to drive growth with disciplined decisions, bold innovation, and focused execution," said Francine Lavoie, CEO of Boreal Water Collection Inc. "I am very pleased that we were able to increase our revenues during the third quarter of this year, and we are projecting to exponentially increase those revenues in the coming year ahead. Our solid execution and expense discipline will allow us to rapidly grow production and deliver a strong finish to the fiscal year along while increasing our long-term shareholder value."
http://www.otcmarkets.com/stock/BRWC/news/Boreal-Water-Collection-Reports-Continued-Growth-in-the-Third-Quarter-of-2014?id=91197&b=y
According to both the PR above and the one listed below…. Boreal Water Collection increased their sales by 14% in the 3rd quarter followed by 23% the following quarter. Yet another reason why it’s important to have audited financials so the shareholders know the truth rather than judging the financial strength of the company via PRs.
February 25, 2015….. Letter to the Shareholder from the CEO.
Boreal Water Collection Releases Open Letter to Shareholders
CEO Provides Current Status and Recap of 2014
PR Newswire
KIAMESHA LAKE, N.Y., Feb. 25, 2015
KIAMESHA LAKE, N.Y., Feb. 25, 2015 /PRNewswire/ --Boreal Water Collection, Inc. (OTC: BRWC), an established water bottler of premium private-labeled bottled water products tailored for each client's particular need, today issues the following letter to Shareholders from the Company's Chief Executive Officer, Francine Lavoie.
Dear Shareholders,
I would like to take this opportunity to share several noteworthy achievements our Company made during 2014.
Boreal Water's mission is to provide high-end private labeled bottled water and last year we were very successful at gaining multiple prestigious and high-end accounts. We expect to continue to increase our sales and earnings for years to come.
Notably, in 2014 our baby water product line successfully entered the Chinese market and is now in many high-end retail outlets and online retailers. Our baby water is recognized in China as being pure, sodium free, BPA free, and bromate free with low mineral content and a balanced PH. Those are all perfect conditions for quality baby water!
As well, we now have on staff a full-time representative in Shanghai by the name of Miss Zhao. In 2015 she will expand our presence in China and aggressively continue to build our sales.
During the last quarter of 2014, we were able to increase our sales by 23% as compared to last year's fourth quarter while increasing gross margin 15%. Our team worked at positioning Boreal for consistent, profitable, long-term growth. Focusing on the fundamentals and building a stable business will drive revenues and earnings upward in years to come.
Our company is committed to bringing more public transparency and information by devoting resources to investor relations and awareness. We hired QualityStocks for that mandate. They specialize in broadening the influence of micro-cap and small-cap companies to help attract growth capital and improve shareholder value.
When I reflect on how far we've come over the past few years, I couldn't be more motivated and optimistic about what we will achieve in 2015 and beyond.
As CEO, my primary responsibility is to deliver shareholder value and to ensure the ongoing growth and success of the Company. We are excited about the numerous opportunities at hand that we will be pursuing this year and in the future. Over the next twelve months we want to add additional board members as well as partner up with well-established brokers to expand our US sales and distribution. We expect these initiatives, coupled with the successful execution of our growth strategy, will drive shareholder value along with financial and operational growth.
On behalf of Boreal Water Collection, I look forward to you sharing in our success for years to come.
Francine Lavoie
Chairman and CEO
http://www.otcmarkets.com/stock/BRWC/news/Boreal-Water-Collection-Releases-Open-Letter-to-Shareholders?id=97885&b=y
July 7, 2015:
Interesting Find - Please see Bullet Point #6 from July 7, 2015 PR
#6 – We are also considering the acquisition of a water spring. Interesting.
Boreal Water Collection Releases Open Letter to Shareholders
CEO Provides Current Status on Plan of Operation
KIAMESHA LAKE, NY--(Marketwired - Jul 7, 2015) - Boreal Water Collection Inc. (OTC PINK: 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. Boreal Water President and CEO Francine Lavoie notes, "We are presently evaluating several offers of strategic alliances, and few potential acquisitions. The company will continue to update shareholders with all pertinent information with regards to these opportunities. Many shareholders have asked me to report on our current plan of operation. Now that we are free from convertible notes, we are concentrating on the continued growth for our company. Here is a brief list of some of the projects we are working on."
1) We are presently evaluating several strategic alliances with a few companies, in the area of distribution and manufacturing.
2) We are looking to expand our geographic coverage to go national by increasing our sales force and strengthen our marketing and promotion programs.
3) We are in the process of looking at expanding our production capability by adding sparkling water and blow molding equipment. This would help us increase our gross margins.
4) We have completed two Chinese brochures to help us develop the Chinese market. http://www.otcmarkets.com/stock/BRWC/video-and-presentations. Also we are in the final stage of finalizing a Chinese web site and Chinese We Chat site.
5) Presently our team in China is in contact with all the interested distributors that showed interests for our products at the International High-End Exhibition in China.
6) We are also considering the acquisition of a water spring.
7) We completed an 8K with regards to being free from convertible notes. http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=10773126
8) We just appointed a new auditor for our company.
http://www.otcmarkets.com/stock/BRWC/news/Boreal-Water-Collection-Releases-Open-Letter-to-Shareholders?id=109085&b=y
March 25, 2016 –
This is well worth reading: Annual Report
http://www.otcmarkets.com/financialReportViewer?symbol=BRWC&id=151908
Final Thoughts:
-After reading all of the deals that were "executed" since the beginning of 2014, how is it that Boreal Water Collection is only running at 5% capacity especially with all the positive news of contracts, sales, number of stores, offices opening overseas? Again... 5% Capacity? How?
- Four years of unaudited financials is killing us! We need to get this changed. This would help us shareholders understand the financial health of the company.
#BRWC - BRWC is H2O San Pedro Sula GOLD!
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