AQUAGOLD International, Inc. Announces $118 Million in Sales From First Consolidated Sales Contract
2008-04-11 08:30 ET - News Release
LAS VEGAS, NV and MONTREAL -- (MARKET WIRE) -- 04/11/08
AQUAGOLD International, Inc. (PINKSHEETS: AQUI) today proudly announces revenue details pertaining to its first announced consolidated sales contract. Following the announcement of partnership with WOLONG HOLDINGS, which now acts as distributor for AQUAGOLD's premium spring water products in China, AQUAGOLD today reveals details of its 8-year sales agreement. AQUAGOLD has proceeded with an initial consolidation of orders stemming from end users at the retail level. This consolidation results in a primary sales contract representing slightly fewer than 17 million cases of product for total revenue of $118 million dollars. The initial purchase orders and means of payment tied in with this contract are currently being finalized.
Daniel Sauvé, AQUAGOLD's President and CEO, stated, "It is a pleasure to begin to release the highly anticipated details of our business. Our mission is to become the imported water of choice in China. With our strong relationships in China we have the necessary support and marketing structure to make this happen. These sales represent the first numbers of a larger picture soon to be seen by all. This picture is one of a company that works hand in hand with local partners from the ground up and understands what it takes to make AQUAGOLD's brand one of the most recognized in China." http://www.stockwatch.com/swnet/newsit/newsit_newsit.aspx?bid=U-i0385859-U:AQUI-20080411&symbol=AQUI&news_region=U
AQUAGOLD International, Inc. (PINKSHEETS: AQUI) Announces Sales Contract With Lianhua Supermarket Holdings Co., Ltd., Owners of China's Largest Retail Chains
2008-04-04 09:00 ET - News Release
LAS VEGAS, NV and MONTREAL -- (MARKET WIRE) -- 04/04/08
AQUAGOLD International, Inc. (PINKSHEETS: AQUI) today is proud to announce that China's largest supermarket chain and largest "fast-moving" consumer goods chain, LIANHUA Supermarket Holdings Co., Ltd. (www.lhok.com.cn), has been introduced into AQUAGOLD's products network of sales. LIANHUA Supermarket, established in 1991 in Shanghai, rapidly grew to over 3700 points of sale, excluding outlets operated by associated companies, spanning 20 provinces and municipalities across China. LIANHUA Supermarket and its subsidiaries operate three main types of retail outlets, namely hypermarkets, supermarkets and convenience stores, catering for the diverse needs of consumers. The three retail forms continue to expand and develop under the brand names of "Century Mart," "LIANHUA Supermarket" and "LIANHUA Quik."
AQUAGOLD International, Inc. (PINKSHEETS: AQUI) Announces WOLONG HOLDING GROUP CO., LTD. as Strategic Distribution Partner
2008-04-02 14:35 ET - News Release
LAS VEGAS, NV and MONTREAL -- (MARKET WIRE) -- 04/02/08
AQUAGOLD International, Inc. (PINKSHEETS: AQUI) today is proud to announce its cooperation with WOLONG HOLDING GROUP CO., LTD.(www.wolong.com), for the distribution of AQUAGOLD premium Canadian spring water products in China. AQUAGOLD has been working closely with WOLONG HOLDING GROUP CO., LTD. to prepare for the heavily anticipated launch of the AQUAGOLD premium Canadian spring water line of products this spring in China.
WOLONG HOLDING GROUP CO., LTD., established in 1984, has two publicly listed companies on the Shanghai Stock Exchange (WOLONG Electric 600580 and WOLONG Real Estate 600173), 29 subsidiary companies, 6000 employees, and owns total net assets of 6.5 billion Yuan RMB or approximately $1 Billion USD, with yearly revenues of 4.5 billion Yuan RMB or approximately $650 million USD after over 20 years of development mainly in the sectors of manufacturing, real estate, financial investment and state-owned enterprise.
WOLONG HOLDING GROUP CO., LTD. has a rapidly expanding commercial and financial network that extends over 30 countries worldwide and the corporation actively participates in start-ups and capital venture initiatives. This Chinese mega-corporation's new import and distribution division that will be dealing with AQUAGOLD operations will continue the WOLONG HOLDINGS tradition of diversity and broaden the spectrum of its areas of business.
For 8 consecutive years, WOLONG HOLDING GROUP CO., LTD. has been the industry leader for high quality technological solutions and its brand is number one in the micro electric motor industry in China counting long term strategic partnerships with companies such as Panasonic, Mitsubishi, LG, Carrier and Honda. WOLONG HOLDINGS' products hold more than 20% of the market share in their respective sectors in China and the company is often referred to as the "Siemens of the Orient." With this new venture WOLONG HOLDING will step into the highly lucrative beverage sector and coordinate the vast network of points of sale established for AQUAGOLD spring water products.
"For AQUAGOLD to be associated with such an international business powerhouse in WOLONG HOLDINGS is a true sign of the quality of the foundation that our company has achieved in China. WOLONG'S immeasurable experience and wealth of knowledge in International business at all levels will be a huge asset going forward for our company. This is by far the most significant milestone for our company and a historic step for AQUAGOLD on our way to becoming the brand of choice for imported spring water in China. This massive achievement precedes the much anticipated official launch of our line of premium Canadian Spring water products. We have abundant amounts of information to be released concerning the groundwork that has been laid out in preparation for our launch and will be detailing our relationships and national sales network very shortly," stated Daniel Sauvé, CEO of AQUAGOLD International, Inc. http://www.stockwatch.com/swnet/newsit/newsit_newsit.aspx?bid=U-i0383088-U:AQUI-20080402&symbol=AQUI&news_region=U
AQUAGOLD International, Inc. (PINKSHEETS: AQUI) Announces the Nomination of Daniel Sauvé to the Position of President & CEO
2008-04-02 14:33 ET - News Release
LAS VEGAS, NV and MONTREAL -- (MARKET WIRE) -- 04/02/08
AQUAGOLD International, Inc. (PINKSHEETS: AQUI) announced today that Daniel Sauvé has been nominated to the position of President and CEO of the company. Mr. Sauvé earned this vote of confidence based in part on his 15 years of experience in health related fields allowing him to gain on knowledge in water research and development, as well as 5 years of managerial experience in food distribution, operations and sales to give direction to AQUAGOLD, and he will lead the company into this most important phase of its existence.
Manuel Da Silva has resigned as Chairman, President & CEO and Director of the Company in order to focus his attention on private matters.
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