An old PR from Coastal with some details of one of the contracts...
Coastal Holdings, Inc. (COHG) announced that CEO Mr. Horace Sirois has signed a second 5-year distribution contract with a Beijing, China-based distributor to sell 65 million cases, composed of 24 500mL bottles per case, of "Canadian Indian Spring Water".
The total value of the agreement represents recurring revenue of more than $ 400 million over a 5-year period. Management and the venture partners will be working together to establish this contract, including the one recently signed in Shanghai, as the flagship venture of 2007 in China's bottled water industry.
The contract is set to commence with the distribution of the bottled water within 30 days. The contract specifies a delivery protocol starting with sequential shipments of 1 million cases over the next 5 years. Mr. Sirois stated: "The initial Shanghai contract is set to distribute Canadian Indian bottled water in 45,000 convenience stores and gas stations. The second contract involves distributing the water in 'big-box' retail stores. I want to thank my staff in China for their tremendous effort towards the accomplishment of this outstanding contract. I could not have achieved it without them."