ALKM Highlights Recent Acquisitions With Nearly $1 Million In Annual Historical Revenues Selling Into Jam and Jelly Market With 1.7% Forecasted CAGR
February 02 2022 - 10:14AM
InvestorsHub NewsWire
LAS VEGAS, NV -- February 2, 2022 -- InvestorsHub NewsWire --
Alkame Holdings, Inc. (OTC
PINK: ALKM), a publicly traded diversified holding company, is
pleased to announce that its wholly owned subsidiary, West Coast
Copacker Inc. recently closed acquisitions of two specialty food
brands: Maury Island Farm Jams and Preserves, and Quinn's Pepper
Jellies, have validated the growth opportunity by a market industry
report for the US jam, jelly and preserve market.
The US jam, jelly, and preserve market is expected to record a
CAGR (compound annual growth rate) of 1.7%, during the forecast
period 2020-2025 according to Modor Intelligence, a market
intelligence and advisory firm. The market is quite stable with a
steady growth rate in both value, and volume of product
consumption. The main factor for the increasing jam, jelly, and
preserves consumption, in the US market, is the consumer preference
for more affordable and comfort food items.
Maury Island Farms have been produced regionally for close to 20
years. This "local" brand with years of experience has specialized
in utilizing non-GMO fruit specifically sourced from the Pacific
Northwest, with a tireless dedication to all-natural ingredients in
its preserves, jams, and toppings, with no flavorings, syrups, or
colorings.
Quinn's Pepper Jellies was founded in the Pacific Northwest by
two sisters in 1987, after their shared middle name. Quinn's has
maintained this passion for bringing together unlikely ingredients
for decades by focusing these all-natural Pepper Jellies on local
Pacific Northwest produce and premium ingredients in a colorful
diversity of flavors that are a gourmet delight and include
jalapeno, peach habanero, raspberry, cilantro lime, and
marionberry.
This stable business sector, coupled with steady growth over the
next few years, confirms the basis for Alkame and its subsidiaries
acquisition of these two long established clean label premium local
brands. These products have been solely focused on the Pacific
Northwest region only and generating close to a million dollars a
year in revenue, providing Alkame an opportunity to expand these
brands into new markets and regions with a target production output
roughly four times the capacity of the previous manufacturing
capabilities.
"The increasing demand for convenient clean label foods has
boosted the market for jam, jelly, and preserves in the US, and we
had the foresight to acquire these two long-established brands
already in the marketplace" states Robert Eakle, Alkame
CEO.
About West Coast Co Packer, Inc.
West Coast Co Packer, Inc., is a wholly owned subsidiary of
Alkame Holdings, Inc. and is a specialty food & beverage
manufacturer, co-packer, private labeler, and contract
manufacturer, and is expected to immediately complement and
seamlessly integrate with Alkame's other subsidiaries including
Bell Food and Beverage, Inc. Bell Food and Beverage, Inc. is a
specialty natural, organic liquid-based hot and cold fill food
& beverage manufacturer in glass and PET bottles and jars. To
learn more about West Coast Copacker visit www.westcoastcopacker.com.
About Alkame Holdings, Inc.
Alkame Holdings, Inc. is a diversified publicly traded holding
company. The Company's wholly owned subsidiaries manufacture
products that utilize an enhanced water proprietary technology when
applicable to create products with several unique properties. The
organization is diligently building a strong foundation through the
launch and acquisition of appropriate business assets, and by
pursuing multiple applications by placement into several emerging
business sectors, such as consumer food and beverages products,
hemp products, household pet products, horticulture and agriculture
applications, hand sanitizers, and many other various water-based
treatment solutions to both new and existing business platforms.
For more information, visit www.alkameholdingsinc.com.
Alkame Holdings, Inc. Investor Relations
Website: www.alkameholdingsinc.com
Email: info@alkameholdingsinc.com
Telephone: + 1 702-273-9714
Disclaimer/Safe Harbor: 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 expectation
that Alkame will achieve significant sales, 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. These statements have not been evaluated
by the Food and Drug Administration. These products are not
intended to diagnose, treat, cure, or prevent any disease.
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