Aquagold International Inc (AQUI)

[doogdilinger]

Ok...although I was hardly told much in the 10 minute update call given it was a 3 hour meeting...I was told that there is now no doubt whatsoever as to validity of Aquagold's contract announcement with Wolong & that Wolong is in fact Aquagold's main distrubutor & that not only is the 8 year contract with Wolong guaranteed but that Aquagold has secured a letter of credit "guaranteeing payment" for the entire 8 year length of the contract directly from the bank of china!

Hassoun spent a lot of time stressing the significance of York Tang securing this letter of credit guarantee because apparently securing this length of guaranteed payment from the bank of china is definitely no easy task for any company doing biz in china!

The shareholders were also told that the newly designed premium bottles were just about ready for shipping & that Aquagold has made the necessary arrangements for their official product launch in the Grand Hall of China which is apparently a big deal but I haven't done any due on the Grand Hall of China yet so will have to wait for more details on that.

More soon...