LAS VEGAS, NV and MONTREAL -- (MARKET WIRE) -- 04/22/08 --
Attention AQUAGOLD shareholders,
In light of recent changes in our company including restructuring of our board I would like to bring shareholders up to speed on where we stand. We are pleased to confirm that we are now in execution phase of the recently announced contract having finalized all details relevant to payment and logistics.
We have chosen to retain the services of Ernst&Young to audit company financials and are assured that this choice is the best suited for our growing international business.
We have chosen to retain the services of Spiegel and Sohmer as company legal counsel and consider that the firm's expertise and experience will be a valuable asset for us at the present time and in the future.
We have completed a total redesign of our products' packaging. Every aspect has been rethought (bottle, label, cap and box). This work is a result of collaboration between Canadian and Chinese partners and we are confident that it reflects the spirit of our Company. Our new look embodies the purity and simplicity of nature with an accent on traditional Canadian elements truly representative of our products' highest level of quality.
We have taken our time to build a proper foundation for our company both in China and in Canada. We have shed unnecessary components and have progressively incorporated elements that will enhance the value of our company from both the operations standpoint as well as the shareholder's. The AQUAGOLD team wishes to offer a maximum of transparency and rely on fact rather than projection to explain details of our exciting business. We encourage you to attend our upcoming investors meeting where you will meet our united team that has made itself available to answer your queries. We have complete confidence in the success of our product in China and wish to proudly display to you the results of our team's hard work.
Sincerely,
Daniel Sauv�
President & C.E.O.
AQUAGOLD INTERNATIONAL INC.
About AQUAGOLD International, Inc.
AQUAGOLD International, Inc. (PINKSHEETS: AQUI) 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% (litres) and 15% (RMB/$) to reach 11.2 billion litres 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.
AI
