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 announced that it hired Nicholas Salimbene as
Director of Operations.
“Nick is a seasoned supply chain veteran that
brings a wealth of experience and knowledge to our growing team.
With over a decade of direct bottled water industry expertise,
he spent the majority of his career at Primo Water, which
was recently acquired by COTT Corporation for $775 million. Nick
will manage all operational aspects of our flagship brand,
Alkaline88®, and our A88 Infused™ line. Since 2012, our flagship
brand has enjoyed stellar organic growth, and we are excited about
the opportunities ahead of us. Some of our leading initiatives are
expansion into the foodservice and hospitality channels, new and
innovative packaging options, and scaling existing regional and
national relationships. With strong demand for our products, which
are driving record revenues, it is essential to have a leader with
Nick’s experience driving our strategic goals and objectives. Nick
shares our passion for brand excellence and innovation, and I am
excited to welcome him to the team,” stated Richard Wright,
President and CEO of The Alkaline Water Company.
Reporting to the CEO, Salimbene will oversee and
manage all co-packing facilities and implement policies, processes,
and procedures to drive continuous operational efficiencies. He
will also support manufacturing innovation efforts and new product
roll-outs for the Company. Before his appointment at The Alkaline
Water Company, Nick Salimbene served in leadership roles at
multiple large manufacturing companies. He has spent the bulk of
his career at various bottled water manufacturers, directing
operations and leading large cross-functional teams across 62
manufacturing and 23 distribution facilities throughout North
America.
“I am excited about my new role as Director of
Operations, and I look forward to helping advance our growth
initiatives. Alkaline88® is an established national brand, and this
is an outstanding opportunity to build on the Company’s excellent
performance and continue to serve our loyal customer base that
loves our products,” added Nicholas Salimbene, Director of
Operations for The Alkaline Water Company.
About The Alkaline Water Company
Founded in 2012, The Alkaline Water Company
(NASDAQ and CSE: 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: the statement relating to the Company’s
leading initiatives, such as expansion into the foodservice and
hospitality channels, new and innovative packaging options, and
scaling existing regional and national relationships.
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 DaudiDirector of Investor Relations & Corporate
Communications 800-923-1910 investors@thealkalinewaterco.com
Media
Jessica Starman 888-461-2233 jessica@elev8newmedia.com
The Alkaline Water (CSE:WTER)
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The Alkaline Water (CSE:WTER)
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