AQUAGOLD International, Inc. (OTC:AQUI) issues CEO'S statement to shareholders - June 12, 2008
M2 "Press Wire "
M2 PressWIRE - June 13, 2008 - LAS VEGAS, NV and MONTREAL
Attention AQUAGOLD (OTC:AQUI) shareholders,
Earlier this week we received the final certification from China commodity inspections bureau which allows us to import AQUAGOLD Canadian spring water in its completely redesigned packaging. As mentioned at the recent investors meeting held last April in New York City, our new packaging is the result of a concerted effort between both North American and Chinese design agencies. The long process of design essentially reinvented every single aspect of the package: bottle, label, box and an industry innovation in cap design. We have spent the last weeks harmonizing these new elements with our production division.
The relationship with our Chinese partners is one of complete collaboration. Our cooperation is the foundation of the AQUAGOLD business model and the determining factor that allowed us to secure payment by irrevocable letter of credit as also mentioned at the meeting in New York. Our irrevocable letter of credit is an extremely favorable condition which is not granted to imported food products, consignment is the standard in the market.
Our legal counsel has advised us to maintain the current level of compliance.
This being said we are very aware that our current shareholder base is concerned with AQUAGOLD's stock value. As much as we share the desire to achieve solid growth in all aspects of the company, we are focused on our efforts in China. The task that we are accomplishing is a massive undertaking and we are committed to assisting WOLONG HOLDING our general distributor in China in succeeding with our common mission statement: "Making AQUAGOLD spring water products rank among the top 3 imported waters in Asia".
We are working according to our Chinese counterparts' schedule and we applaud their thought out, meticulous and proven approach. As a group we will take every step and all the time necessary to ensure the success of AQUAGOLD'S products as this is our promise to shareholders. We will be very proud to provide you with information of substance on company activities via our corporate website (www.aquagoldinternational.com) and press releases in the very near future.
Sincerely
Daniel Sauve
President & C.e.O.
AQUAGOLD INTERNATIONAL INC.
About AQUAGOLD International, Inc.
AQUAGOLD International, Inc. 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
