The Alkaline Water Company Receives Summer Commitments from 12,500 Retailers for Flavor Infused Products
The Alkaline Water Company (NASDAQ: WTER) announced that ShopRite will carry four flavors of its A88 Infused™ flavored water in all 280 locations. This move supports the company’s east-coast expansion and follows the addition of thousands of new retail locations, reaching about 70,000 nationwide. The company projects continued strong demand through the summer. The A88 Infused™ line features zero-calorie, all-natural flavors, including Blood Orange and Watermelon, and has secured commitments from over 12,500 retail stores.
- ShopRite will carry four flavors of A88 Infused™ in 280 stores, expanding market reach.
- Company has added new locations, reaching approximately 70,000 retail stores.
- Secured commitments from over 12,500 retail stores, indicating strong demand.
- None.
- ShopRite, a premier east-coast supermarket chain, with 280 stores has authorized Lemon, Blood Orange, Watermelon, and Raspberry flavors.
SCOTTSDALE, Ariz., June 04, 2020 (GLOBE NEWSWIRE) -- The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the "Company") is a producer of premium bottled alkaline water, flavored-infused waters, and CBD infused products sold under the brand names Alkaline88®, A88 Infused™, and A88CBD™, respectively. The Company today announces that ShopRite will soon carry four flavors of the A88 Infused™ line across all 280 locations.
"We continue to gain momentum on our east-coast expansion efforts and are seeing strong pull-through for our A88 Infused™ brand," stated Richard A. Wright, President and CEO of The Alkaline Water Company. Over the last few months, we have added thousands of new stores to our total retail count of approximately 70,000 retail locations nationwide. Not only are we seeing strong interest from new retailers, but we are also expanding our existing customer relationships. A great example is our growing partnership with ShopRite that will soon carry the most popular flavors of our A88 Infused™ water line. Interest in our flavors line remains strong, and we now have firm commitments from over 12,500 retail stores through the end of summer. These represent a wide assortment of stores and some of the nation's largest supermarkets, wholesalers, and distributors. We have started the new fiscal year on a high note and expect the demand environment to remain strong through our seasonally strong summer months."
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a67968e7-ea55-4c07-b975-b7ed6ff0c0d7
The Alkaline Water Company®: A88 Infused™ Flavored Water Line
The Company's all-natural and zero calories, A88 Infused™ flavors line, is available in seven unique flavors: Blood Orange, Lemon, Raspberry, Watermelon, Peach-Mango, Lemon-Lime, and now Cucumber-Mint.
ShopRite is the registered trademark of Wakefern Food Corp., a retailer-owned cooperative based in Keasbey, NJ, and the largest supermarket cooperative in the United States. With nearly 280 ShopRite supermarkets located throughout New Jersey, New York, Pennsylvania, Connecticut, Delaware, and Maryland, ShopRite serves millions of customers each week. For more information, please visit www.shoprite.com.
About The Alkaline Water Company
Founded in 2012, The Alkaline Water Company (NASDAQ and TSXV: WTER) is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88®, is a leading premier alkaline water brand available in bulk and single-serve sizes along with eco-friendly aluminum packaging options. With its innovative, state-of-the-art proprietary electrolysis process, Alkaline88® delivers perfect 8.8 pH balanced alkaline drinking water with trace minerals and electrolytes and boasts our trademarked label 'Clean Beverage.' Quickly being recognized as a growing lifestyle brand, Alkaline88® launched A88 infused™ in 2019 to meet consumer demand for flavor-infused products. A88 infused™ flavored water is available in seven unique all-natural flavors, with new flavors coming soon. Additionally, in 2020, the Company launched A88CBD Infused™ brand, featuring a broad line of topical and ingestible products. These products are made with lab-tested full-spectrum hemp and include salves, balms, lotions, essential oils, bath-salts, CBD infused drinks, beverage shots, tinctures, capsules, gummies, and powder packs. To purchase A88CBD Infused™ products online, visit us at www.A88CBD.com. To learn more about The Alkaline Water Company, please visit www.thealkalinewaterco.com or connect with us on Facebook, Twitter, Instagram, or LinkedIn.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements." Statements in this news release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the following: that the Company expects the demand environment to remain strong through its seasonally strong summer months
The material assumptions supporting these forward-looking statements include, among others, that the demand for the Company's products will continue to significantly grow; that the past production capacity of the Company's co-packing facilities can be maintained or increased; that there will be increased production capacity through implementation of new production facilities, new co-packers and new technology; that there will be an increase in number of products available for sale to retailers and consumers; that there will be an expansion in geographical areas by national retailers carrying the Company's products; that there will be an expansion into new national and regional grocery retailers; that there will be an expansion into new e-commerce, home delivery, convenience, and healthy food channels; that there will not be interruptions on production of the Company's products; that there will not be a recall of products due to unintended contamination or other adverse events relating to the Company's products; and that the Company will be able to obtain additional capital to meet the Company's growing demand and satisfy the capital expenditure requirements needed to increase production and support sales activity. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, governmental regulations being implemented regarding the production and sale of alkaline water or any other products, including products containing hemp/CBD; the fact that consumers may not embrace and purchase any of the Company's CBD-infused products; the fact that the Company may not be permitted by the FDA or other regulatory authority to market or sell any of its CBD-infused products; additional competitors selling alkaline water and enhanced water products in bulk containers reducing the Company's sales; the fact that the Company does not own or operate any of its production facilities and that co-packers may not renew current agreements and/or not satisfy increased production quotas; the fact that the Company has a limited number of suppliers of its unique bulk bottles; the potential for supply-chain interruption due to factors beyond the Company's control; the fact that there may be a recall of products due to unintended contamination; the inherent uncertainties associated with operating as an early stage company; changes in customer demand and the fact that consumers may not embrace enhanced water products as expected or at all; the extent to which the Company is successful in gaining new long-term relationships with new retailers and retaining existing relationships with retailers; the Company's ability to raise the additional funding that it will need to continue to pursue its business, planned capital expansion and sales activity; and competition in the industry in which the Company operates and market conditions. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law, including the securities laws of the United States and Canada. Although the Company believes that any beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Readers should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the reports and other documents the Company files with the SEC, available at www.sec.gov, and on the SEDAR, available at www.sedar.com.
The Alkaline Water Company Inc.
Richard A. Wright
President and CEO, or
Sajid Daudi
Director of Investor Relations & Corporate Communications
800-923-1910
investors@thealkalinewaterco.com
Media
Jessica Starman
888-461-2233
jessica@elev8newmedia.com
FAQ
What is the significance of ShopRite carrying WTER's A88 Infused™ products?
How many retail locations does WTER currently have?
What flavors will be available at ShopRite?
What is WTER's outlook for demand in the upcoming summer months?
What is the A88 Infused™ flavored water line?
