COPIEDYAHOO FINANCE THIS PR WAS NEVER POSTED TO IHUB, 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.
