Alfred Culbreth Announces American Premium Water Corp. Completes Retirement of 1,000,000 Shares of Outstanding Stock; Alfred ...
June 09 2014 - 11:00AM
Marketwired
Alfred Culbreth Announces American Premium Water Corporation
Completes Retirement of 1,000,000 Shares of Outstanding Stock;
Alfred Culbreth Is CEO of American Premium Water Corporation "APWC"
(OTC Pink: HIPH)
DELRAY BEACH, FL--(Marketwired - Jun 9, 2014) - American
Premium Water Corporation "APWC" (OTC Pink: HIPH) (PINKSHEETS:
HIPH) www.americanpremiumwater.com is excited to provide
the following update to the investment community and our
shareholders.
Today APWC announces that on June 5, 2014 it reached an
agreement with a large shareholder of the company to retire a total
of 1,000,000 shares of common stock from the total outstanding
shares of the company. These shares have been returned to the
company treasury. As an ongoing effort to preserve and increase
shareholder value we took this bold step of retiring 1,000,000
shares of common stock. APWC feels it's important to protect our
share price and prove to investors we value their support, while we
are rapidly growing. Being that our business is to provide
premium water bottled only in glass, we also feel having a
premium stock is of high importance. We are concerned about
diluting our stock while many growing companies are not,
particularly during early development. APWC unlike many growing
companies in the marketplace is extremely mindful of dilution. APWC
is committed to protecting long term shareholder growth and aim to
make every aspect of our company enjoyable; from our superior
bottles of HIPH L'Alpina "it keeps you young" water bottled
only in glass, to our stock price. APWC is currently in talks with
other large shareholders to buy back shares at a premium price. Our
purpose in these negotiations is to further reduce the outstanding
share count and increase individual shareholder value.
"After speaking with our board of directors and advisors to the
company, we agreed this was a prudent step in helping the company
accomplish its goals and benefit all of our shareholders. The
return of these shares into the APWC treasury gives the company
greater opportunity to achieve growth. APWC is highly committed to
growing revenue from its products and increasing shareholder value.
We strongly believe that this capital restructuring will
make HIPH stocks much more appealing to M&A targets and at
this time, we remain in final stage discussions on an existing
business that would greatly enhance our business expansion plans.
As well take us closer to our goal of having HIPH listed on the
NASDAQ by end of 2015. We hope to update shareholders and the
investment community with a major announcement in the near future.
We are inspired that our shareholders believe in the direction of
the company and applaud their efforts to help APWC position itself
for explosive future growth and success while growing shareholder
value. The reduction of 1,000,000 shares from our outstanding stock
and return to treasury shows our commitment to shareholders as well
as our dedication in creating real value in our company stock. In
closing, I would like to add that my motivation for this company is
stronger than ever and starting to realize the company's initial
vision more that 4 years ago is the result of a tremendous amount
of effort. It has been a constant battle to stay the course. But,
since I am a man of faith I know that the times of greatest
trials often are followed of times of greatest victory." --
Alfred Culbreth, CEO of American Premium Water Corporation.
Forward-Looking Statements
This Press Release contains certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements reflect the Company's current beliefs and
are based upon information currently available to it. Accordingly,
such forward-looking statements involve known and unknown risks,
uncertainties and other factors which could cause the Company's
actual results, performance or achievements to differ materially
from those expressed in or implied by such statements. The Company
undertakes no obligation to update or advise in the event of any
change, addition or alteration to the information included in this
Press Release including such forward-looking statements.
This press release is issued on behalf of the Board of Directors
by Alfred Culbreth, CEO and Director.
Safe Harbor Statement
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT
TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES
SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS
NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING
STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS,
EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY
WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NO SECURITIES
REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED OF THE CONTENTS OF
THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER
TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE
ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH
OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION
OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH
JURISDICTION.
Contact: American Premium Water Corporation 1615 South Congress
Suite 103 Delray Beach, FL 33445 (888) 983-0054 Stock Symbol: HIPH
General Inquiries iperson@americanpremiumwater.com Investor
Relations ir@americanpremiumwater.com www.americanpremiumwater.com
@americanpremiumwater
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