Alkame (PK) (USOTC:ALKM)
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5 Years : From Oct 2014 to Oct 2019
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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