BOREAL WATER COLLECTION REPORTS YEAR END 2014
RESULTS
--Sales up 12%, Gross profits up 3% and Operating loss drop 30%
--
KIAMESHA LAKE, NY -- March 31, 2015 -- InvestorsHub
NewsWire -- Boreal Water Collection, Inc. (OTC:
BRWC)
a high end private label bottled water company from NY, announced
today that it has experienced continued growth by increasing sales
projections in the year end 2014 results.
Yearend 2014 financial results, as compared to last year
results, were as follows:
-
Revenues for the year ending December 31, 2014 were of
$2,411,739 as compared to $2,151,513 for last yearend results, an
increase of $260,226, or 12%.
-
Costs of sales were 81% and 84%, an decrease of $145,624, or
3%,
-
Gross profits were 19% and 16%, an increase of $114,602, or
3%.
-
Operating loss total $779,298 compared to an operating loss of
$1,126,635 last year, an improvement of $347,337, or 30%.
-
We employed 24 people at our 75,000 sq. ft. production plant
located at Kiamesha Lake, NY.
Management Comments:
"We strengthened the core of our product line, expanded globally
our client list, and managed to drive growth with disciplined
decisions, bold innovation, and focused execution,” said Francine
Lavoie, CEO of Boreal Water Collection, Inc. "I am proud that our
Boreal Water revenue increased this year and we are projecting them
to exponentially increase in the coming year. Our solid execution
and expense discipline will rapidly allow us to grow production and
deliver a strong finish to the fiscal year along with a long term
shareholder value."
Amendment to Authorized shares:
On February 27, 2015, the stockholders have approved, an
amendment to the Company’s Certificate of Incorporation to increase
the number of authorized shares of Common Stock from 1.5 billion to
5.0 billion (the “Amendment”). The Board of Directors believes that
maintaining such a reserve will save time and money in responding
to future events requiring the issuance of additional shares of
Common Stock, such as acquisitions or equity offerings All
authorized but unissued shares of Common Stock will be available
for issuance from time to time for any proper purpose approved by
the Board of Directors (including issuances in connection with
stock-based employee benefit plans and issuances to raise
capital or effect acquisitions). The Board of Directors believes
that it is prudent to increase the authorized number of shares of
Common Stock in order to maintain a reserve of shares available for
immediate issuance to meet business needs, such as an acquisition
or equity offering, promptly as they arise. There are currently no
arrangements, agreements or understandings for the issuance of the
additional shares of authorized Common Stock except for issuances
in the ordinary course of business and of a few convertible
notes.
About Boreal Water Collection, Inc.
Boreal Water Collection is a personalized bottler of a full and
diverse line of various types of water including:
• Functional Enhanced Water • Infused Water
• Carbonated Water • Vitamins Enhanced Water
• Flavored Still or Sparkling • Minerals Enhanced
Water
• Oxygenated Water • Electrolyte Water
• Distilled Water • Alkaline Water
• Caffeinated Water • Natural Spring Water
Boreal provides premium custom bottled water for its clients and
customers, whether it is for publicity, promotion, marketing,
internal use or a specific event. Boreal also offers fully
integrated turnkey service, with prize-winning Boreal private label
water, made-to-order labelling, along with distinctive water
containers. Current and past customers include Ritz Carlton,
Tommy Hilfiger, Saks Fifth Ave, Infiniti, Guess, LaCosta, Porsche,
Re/Max, BMW Balance Water, Wa-taah Water, Fred Water, Dean &
DeLuca, the Quin Hotel, WestHouse New York, the Surrey New York
City, Bouchon Bakery, Princeton University and 3M. Unlike its
competitors, Boreal has exclusive access to two pristine and
abundant springs, one an award-winning source deep in the untouched
wilds of Canada, and the other in the prestigious Catskill
Mountains region in New York State. With exclusive unlimited
exploitation rights, Boreal has a confirmed volume in excess of
thousands of millions of gallons.
For more information on Boreal Water Collection, please contact
us by
email at: investors@borealwater.com
, sales@borealwater.com,
or follow us at www.borealwater.com and on
the different social media sites such as www.facebook.com/privatelabelbottledwater
and www.linkedin.com/in/borealwater
Safe Harbor for Forward-Looking
Statements:
This news release includes forward-looking statements. While
these statements are made to convey to the public the company's
progress, business opportunities and growth prospects, readers are
cautioned that such forward-looking statements represent
management's opinion. Whereas management believes such
representations to be true and accurate based on information and
data available to the company at this time, actual results may
differ materially from those described. The company's operations
and business prospects are always subject to risk and
uncertainties. Important factors that may cause actual results to
differ are and will be set forth in the company's periodic filings
with the U.S. Securities and Exchange Commission.
Contact Information
Boreal Water Collection
investors@borealwater.com
www.borealwater.com
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