$BRWC, 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 in our 2015 forecast of revenues." Stated Francine Lavoie, CEO of Boreal Water Collection, Inc..
About Jiangsu SOHO International Group Corp. a/k/a SOHO Corp.
Jiangsu SOHO International Group Corp. a/k/a SOHO Corp., is a multi-billion dollar China-based company originally founded in October 1979. SOHO' s registered capital is 352.8 million Yuan; the net asset is 2 billion Yuan; the total asset is 5 billion Yuan. The total imports and exports of a year reach 1.1 billion dollars, and the sales revenue exceeds 10 billion Yuan. Its main businesses include import and export trade, domestic trade, industrial investment and brand management. www.meetsoho.com
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