Aquagold International Inc (AQUI)

[scion]

The Company has signed a one-year, tripartite agreement with Shanghai Tieato Trading Company, LTc" and Orient International Holding Shanghai Foreign Trade Company, Ltd. ("Orient"), for the sale and distribution of 180,000 cases of bottled spring water.

All shipments will be against purchase orders from Orient issued under irrevocable letters of credit The agreement is valued at Two Million One Hundred Tbousand Canadian Dollars ($2,100,000.00 CAN)

Initial Company Information and Disclosure Statement Received Sept 1, 2009
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=23871

NEW YORK, July 20, 2009 (GLOBE NEWSWIRE) -- AQUAGOLD INTERNATIONAL (Pink Sheets:AQUI) announces the signing of a new sales contract for CAD$197.5 million with the Shanghai Wolong International Business Co., Ltd., an affiliate of the Wolong Holding Group, to be a distributor of AQUAGOLD products in China, Hong Kong, Macao and Taiwan. The new contract expires on April 1, 2016. All orders will be made under irrevocable letters of credit. This contract replaces the prior contract with the same expiry date signed last year with the Wolong Holding Group affiliate Shanghai Xietong International Business Co., Ltd., which was for a lesser amount.

http://www.globenewswire.com/newsroom/news.html?d=169325