AQUAGOLD International Upgraded in OTC Market Tiers
September 22 2009 - 1:33PM
Marketwired
AQUAGOLD International (PINKSHEETS: AQUI), a global distributor of
premier Canadian spring water products, announces their move from
"Pink Sheets Limited Information" to "Pink Sheets Current
Information" in OTC electronic markets.
"We have been working diligently to ensure that our company is
legally compliant with Pink Sheets disclosure requirements. This is
a significant turning point for the company," said Domingo Silvas
III, Chief Executive Officer of AQUAGOLD. Companies that are
considered "Pink Sheets Current Information" in OTC electronic
markets include reporting companies that submit filings to
regulators with powers of review and that make the filings publicly
available or non-reporting companies that make current information
publicly available on the Pink Sheets News Service pursuant to Pink
OTC Markets Guidelines for Providing Adequate Current Information
(http://www.pinksheets.com/content/doc/ps/Disclosure/Guidelines/2.pdf).
The Current Information category is based on the level of
disclosure and is not a designation of quality or investment
risk.
Mr. Silvas, originally hired as a consultant and recently made
CEO, has spent the last year securing well-established and
experienced professionals who now comprise the new management team
of AQUAGOLD. Joseph Rosamilia, a veteran of the banking and finance
industry and the company's Executive Vice President of Corporate
Development, has greatly contributed to the company's financial
restructuring and the overall improvement of AQUAGOLD'S market
status.
"We are building a company that not only operates as a
first-class organization, but one that also provides a prestigious
product," Mr. Silvas emphasized. With recent success in the Chinese
market, including the television show "AQUAGOLD Superface," which
has a weekly viewership of thirty million and the support of twelve
prominent Chinese organizations, significant sales contracts have
been acquired and the company is experiencing an elevation in both
brand awareness and market tier status.
"The quality standards to which we hold ourselves encompass all
facets of AQUAGOLD," Mr. Silvas commented. "Our upgraded status in
the market is reflective of the hard work and dedication of the
entire company."
ABOUT AQUAGOLD INTERNATIONAL:
AQUAGOLD International is pursuing its mission to provide
premier Canadian spring water products to the world. The Company's
vision is to become a leading international distributor of some of
the most recognized brands in the market. The company has begun
distributing its primary bottled water product, AQUAGOLD Premier
Canadian Spring Water, to the Republic of China. Please visit the
Company's corporate Website for more information:
www.aquagoldinternational.com.
The information in this press release may involve guidance,
expectations, beliefs, plans, intentions or strategies regarding
the future. Except for historical information contained herein, all
such statements included in this press release are forward looking
statements and are made by AQUAGOLD International, Inc. in reliance
upon the safe harbor provisions of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities and Exchange Act of
1934. All forward-looking statements are based upon information
currently available. Although Management believes that the
expectations reflected in such forward-looking statements are
reasonable, it cannot give any assurances that such expectations
will prove to have been correct. Actual results may differ
materially from those indicated by these statements. Numerous
factors could cause or contribute to such differences. The
following risk factors, among others, could cause actual results to
differ materially from those described in any forward-looking
statements. These risks and uncertainties include, but are not
limited to, economic conditions, consumer spending, changes in the
law or regulations, demand for products and services of the
company, the competitive environment within the industry, the
economic conditions in the industry and the financial strength of
the Company's customers and suppliers. The Company does not
undertake any obligation to update such forward-looking statements.
Investors are also directed to consider all other risks and
uncertainties.
CONTACT : Joe Matuella 4D Strategies 561.439-994 email: Email
Contact ADDITIONAL INVESTOR RELATIONS: Equiti-trend Advisors LLC
800.953-3350 toll-free 858.436-3350 local
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