Alkame(TM) Water Appoints 30+ Year Financial Industry Executive Erwin Vahlsing, Jr. to Chief Financial Advisor
July 29 2013 - 3:49PM
Marketwired
Alkame™ Water, a wholly-owned subsidiary of Pinacle Enterprise Inc.
(OTCBB: PINS), a health and technology holding company, announced
today that effective July 23, 2013 Erwin Vahlsing has been retained
as Chief Financial Advisor.
Among Mr. Vahlsing Jr. responsibilities, he will assist Robert
Eakle, Alkame's Chief Executive Officer, in the oversight and
preparation of the required SEC filings. In addition, Mr. Vahlsing
will guide the company through the setup of is financial controls,
accounting system and budgeting so that Mr. Eakle can concentrate
on growth of the business. Mr. Vahlsing is a seasoned executive
with over 12 years of public company and startup experience, as
well as a cost accounting background in divisions of such major
companies as ITT and AXIA. This experience will help the company as
it focuses on achieving long term profitability. Mr. Vahlsing has
served at the Controllership and CFO level for a number of public
and private companies with revenue ranging from $3.0 million to
over $150 million per annum.
Robert Eakle, Alkame CEO commented, "We are very pleased to
welcome Erwin to Team Alkame. Erwin brings a wealth of global
experience to us in finance, strategic management and continuous
improvement from premier companies. We believe that Erwin will be a
valuable asset to our company as continue to grow and expand our
business globally."
About Alkame™ Water, Inc.: Alkame ™ Water,
Inc., a wholly-owned subsidiary of Pinacle Enterprise Inc., is an
innovative technology and health company that distributes
micro-clustered, alkaline, antioxidant and oxygenated bottled water
with a patented technology and patented formula allowing for
ultra-hydration, which improves health and vitality. Health and
eco-conscious people of all ages reap the benefits of our unique
water -- down to its BPA-Free 100% recyclable eco-friendly
packaging. Alkame ™ holds distributorship rights to market and sell
bottled water in the United States, Canada and Mexico. For more
information, visit www.alkamewater.com.
About Pinacle Enterprise, Inc.: Pinacle
Enterprise Inc. (OTCBB: PINS) was formerly a development stage
company in the architectural industry. On June 25, 2013, Pinacle
changed direction and entered into a merger agreement with Alkame™
Water, whereby it assumed the business operations of Alkame ™
Water, its wholly-owned subsidiary.
This news release contains forward-looking statements within the
meaning of the Securities Litigation Reform Act. The statements
reflect the Company's current views with respect to future events
that involve risks and uncertainties. Among others, these risks
include the failure to meet schedule or performance requirements of
the Company's contracts, the Company's liquidity position, the
Company's ability to obtain new contracts, the emergence of
competitors with greater financial resources and the impact of
competitive pricing. In the light of these uncertainties, the
forward-looking events referred to in this release might not
occur.
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CONTACT: Alkame Water IR@AlkameWater.com
PR@AlkameWater.com
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