The Alkaline Water Company Announces Filing of OTCQB Uplisting Application
The Alkaline Water Company (OTC: WTER) has filed an application for uplisting to the OTCQB market tier. This strategic move aims to enhance market maker participation through the IDQS system with no 30-day waiting period, potentially improving trading efficiency and shareholder liquidity.
The company has achieved several key operational milestones, including: signing an LOI for equipment acquisition for their first company-owned production facility, projecting up to $2 million in annual cost savings; securing $1.5 million in essential inventory through restricted shares, improving projected cash position by $1.2 million through June; and strengthening corporate governance with two new independent directors.
La Alkaline Water Company (OTC: WTER) ha presentato una domanda per il passaggio al mercato OTCQB. Questa mossa strategica mira a migliorare la partecipazione dei market maker attraverso il sistema IDQS senza un periodo di attesa di 30 giorni, potenzialmente migliorando l'efficienza delle negoziazioni e la liquidità per gli azionisti.
La società ha raggiunto diversi traguardi operativi chiave, tra cui: la firma di una lettera di intenti per l'acquisizione di attrezzature per il primo impianto di produzione di proprietà dell'azienda, prevedendo risparmi annuali fino a 2 milioni di dollari; l'acquisizione di 1,5 milioni di dollari in inventario essenziale attraverso azioni ristrette, migliorando la posizione di cassa prevista di 1,2 milioni di dollari entro giugno; e il rafforzamento della governance aziendale con due nuovi direttori indipendenti.
La Alkaline Water Company (OTC: WTER) ha presentado una solicitud para ascender al nivel de mercado OTCQB. Este movimiento estratégico tiene como objetivo mejorar la participación de los creadores de mercado a través del sistema IDQS sin un período de espera de 30 días, lo que podría mejorar la eficiencia del comercio y la liquidez de los accionistas.
La empresa ha alcanzado varios hitos operativos clave, que incluyen: la firma de una carta de intención para la adquisición de equipos para su primera planta de producción de propiedad de la empresa, proyectando hasta 2 millones de dólares en ahorros anuales; asegurando 1,5 millones de dólares en inventario esencial a través de acciones restringidas, mejorando la posición de efectivo proyectada en 1,2 millones de dólares hasta junio; y fortaleciendo la gobernanza corporativa con dos nuevos directores independientes.
알칼라인 워터 컴퍼니 (OTC: WTER)는 OTCQB 시장 계층으로의 상장 신청을 제출했습니다. 이 전략적 조치는 30일의 대기 기간 없이 IDQS 시스템을 통해 시장 조성자의 참여를 향상시키는 것을 목표로 하여, 거래 효율성과 주주 유동성을 개선할 수 있습니다.
회사는 다음과 같은 몇 가지 주요 운영 이정표를 달성했습니다: 첫 번째 자회사 소유 생산 시설을 위한 장비 인수에 대한 LOI 서명, 연간 최대 200만 달러의 비용 절감 예상; 제한된 주식을 통해 필수 재고 150만 달러 확보, 6월까지 예상 현금 위치를 120만 달러 개선; 그리고 두 명의 새로운 독립 이사로 기업 거버넌스를 강화했습니다.
La Alkaline Water Company (OTC: WTER) a déposé une demande de passage au marché OTCQB. Ce mouvement stratégique vise à améliorer la participation des teneurs de marché via le système IDQS sans période d'attente de 30 jours, ce qui pourrait améliorer l'efficacité des échanges et la liquidité des actionnaires.
L'entreprise a atteint plusieurs jalons opérationnels clés, notamment : la signature d'une lettre d'intention pour l'acquisition d'équipements pour sa première installation de production détenue par l'entreprise, prévoyant jusqu'à 2 millions de dollars d'économies annuelles; la sécurisation de 1,5 million de dollars en inventaire essentiel par le biais d'actions restreintes, améliorant la position de trésorerie projetée de 1,2 million de dollars d'ici juin; et le renforcement de la gouvernance d'entreprise avec deux nouveaux administrateurs indépendants.
Die Alkaline Water Company (OTC: WTER) hat einen Antrag auf einen Wechsel zur OTCQB-Marktschicht eingereicht. Diese strategische Entscheidung zielt darauf ab, die Teilnahme von Market Makern über das IDQS-System ohne eine 30-tägige Wartezeit zu verbessern, was potenziell die Handels-effizienz und die Liquidität der Aktionäre erhöhen könnte.
Das Unternehmen hat mehrere wichtige betriebliche Meilensteine erreicht, darunter: die Unterzeichnung eines LOI für den Erwerb von Ausrüstung für die erste betriebseigene Produktionsstätte, mit einer prognostizierten jährlichen Kosteneinsparung von bis zu 2 Millionen Dollar; die Sicherstellung von 1,5 Millionen Dollar an wesentlichen Beständen durch eingeschränkte Aktien, die die prognostizierte Liquiditätsposition bis Juni um 1,2 Millionen Dollar verbessert; und die Stärkung der Unternehmensführung mit zwei neuen unabhängigen Direktoren.
- Potential $2 million annual cost savings from planned company-owned production facility
- Secured $1.5 million in inventory improving cash position by $1.2 million through June
- Vertical integration through first company-owned production facility
- Enhanced corporate governance with addition of two independent directors
- Uplisting approval not guaranteed and subject to extensive review
- Share dilution through restricted share issuance for inventory acquisition
SCOTTSDALE, Ariz., Feb. 18, 2025 (GLOBE NEWSWIRE) -- The Alkaline Water Company, Inc. (OTC: WTER -- hereinafter referred to as the "Company"), a leader in the beverage industry known for its purified alkaline water, enhanced with Himalayan rock salt, today announced the filing of its application for uplisting to the OTCQB market tier.
"Filing our OTCQB application marks a transformative step in our capital markets strategy," said Ricky Wright, CEO of The Alkaline Water Company. "While this begins a thorough review process by OTC Markets of our application and supporting documentation, once approved, we can immediately take advantage of the SEC's modernized Rule 15c2-11 framework. This means enhanced market maker participation through the IDQS system with no 30-day waiting period, creating new opportunities for institutional engagement and improved trading efficiency. These improvements will ultimately provide our shareholders with better liquidity and price discovery as we work to reestablish ourselves as the nation's leading independent alkaline water company. We look forward to working with OTC Markets throughout this process and will keep our shareholders informed of material developments."
The Company's recent operational transformation has achieved several historic milestones:
- Vertical Integration: Signed LOI for equipment acquisition enabling the first company-owned production facility in corporate history, projecting up to
- Strategic Inventory: Secured
- Production Control: Positioning for enhanced quality control and operational efficiency through direct manufacturing capabilities.
- Corporate Governance: Strengthened oversight with appointment of two independent directors with extensive business and financial expertise.
- Operational Foundation: Completed PCAOB audit and implemented enhanced market transparency measures.
About The Alkaline Water Company, Inc.
The Alkaline Water Company, Inc., are the developers of Alkaline88 - a purified alkaline water, enhanced with Himalayan rock salt and engineered for a smooth and delicious taste.
Disclaimer Regarding Forward Looking Statements
This press release contains "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and beliefs concerning future developments and their potential effects on the Company. Such forward-looking statements include, but are not limited to, statements regarding our OTCQB uplisting application, potential benefits of Rule 15c2-11 processes, anticipated market maker participation, projected trading improvements, equipment acquisition, inventory management, and operational efficiencies.
Specifically regarding our OTCQB uplisting application and Form 15c2-11 process, investors should note that:
- OTC Markets' review process may require additional information or clarifications
- No assurance can be given regarding the timing or success of the uplisting approval
- Even if approved, actual benefits may differ from those anticipated
- Market maker participation remains subject to individual firms' discretion
- Enhanced liquidity and trading benefits cannot be guaranteed
- The IDQS system benefits are dependent on multiple market factors
Regarding our strategic initiatives:
- Equipment acquisition remains subject to final documentation and facility lease
- Projected cost savings and operational improvements are based on internal estimates
- Inventory management benefits depend on successful execution of distribution strategies
- Share issuances, though restricted, may impact future trading dynamics
- Corporate governance enhancements must be maintained to meet ongoing requirements
The financial projections and operational benefits described herein are based on management's current expectations and have not been reviewed by independent accountants. Actual results may vary significantly due to numerous factors including market conditions, competition, regulatory requirements, economic conditions, financing availability, and execution risks.
We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Contact Information
5524 North 51st Avenue
Glendale, Arizona 85301
Telephone: 480-582-3600
Website: www.thealkalinewaterco.com
Email: info@thealkalinewaterco.com
FAQ
What are the expected cost savings from WTER's new production facility?
How much inventory has WTER secured through restricted shares?
What are the potential benefits of WTER's OTCQB uplisting?
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