The Alkaline Water Company Inc. Completes Acquisition of Alkaline 84, LLC and Commences Trading as WTER
SCOTTSDALE, AZ -- (Marketwired) -- 07/16/13 -- The Alkaline Water Company Inc. (formerly Global Lines Inc.) (OTCBB: WTER) (OTCQB: WTER) ("Alkaline" or the "Company"), the developers of an innovative, state of the art, proprietary electrolysis process that produces healthy alkaline water for a balanced lifestyle, is pleased to announce the closing of a reverse acquisition on May 31, 2013, pursuant to which Alkaline acquired all of the issued and outstanding shares of Alkaline Water Corp. from its shareholders. The acquisition was effected pursuant to the terms and conditions of a share exchange agreement dated May 31, 2013. Alkaline Water Corp. is the sole shareholder of Alkaline 84, LLC.
In connection with the acquisition, Alkaline's stock commenced trading on the OTC Bulletin Board under the symbol "WTER."
As a result of the consummation of the acquisition, we have commenced operations pursuing the business plan of our newly acquired subsidiary, Alkaline 84, LLC. As such, we are focused on the business of distributing, marketing and selling bottled alkaline water in bulk for retail sale. The product offers a balanced pH and healthy alternative to other beverages that are currently available in the marketplace.
In connection with the acquisition, the Company appointed Steven P. Nickolas and Richard A. Wright as members of the Company's Board of Directors. In addition, Mr. Nickolas was appointed as President of the Company.
Company President and industry pioneer, Steven Nickolas comments, "We are witnessing a dramatic surge of growth in the alkaline segment of the beverage market. Consumer awareness of the healthful benefits of alkaline water has increased tenfold over the past few years. I'm pleased to help bring forth a new alkaline water product that is both the highest quality and the most cost effective. We feel certain this endeavor will be beneficial to consumers and shareholders alike."
The Company filed a Current Report on Form 8-K with the SEC on June 14, 2013 providing information about the Company's post-acquisition business, plan of operations, financial condition and management team. That Current Report on Form 8-K and the other reports we file with the SEC are available at the SEC's website at www.sec.gov. For more information, visit our website at www.thealkalinewaterco.com.
The Alkaline Water Company, Inc. (OTCBB: WTER)
The Alkaline Water Company, Inc. has developed an innovative, state of the art, proprietary electrolysis process that produces healthy alkaline water for a balanced lifestyle. The company is headquartered in Scottsdale, Arizona. Learn more about the science behind alkaline water by visiting www.thealkalinewaterco.com, and for additional information about the company, please contact Richard Haag, Director of Investor Relations at Phone: +1.480.656.2429 or Email: email@example.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements." Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, references to Alkaline's endeavor being beneficial to consumers and shareholders alike. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with developing new products and operating as a development stage company, our ability to raise the additional funding we will need to continue to pursue our business and product development plans, competition in the industry in which we operate and market conditions. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law, including the securities laws of the United States. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the reports and other documents we file with the SEC, available at www.sec.gov.
On Behalf of the Board,
Steven P. Nickolas
The Alkaline Water Company Inc.
Source: The Alkaline Water Company, Inc.
Released July 16, 2013