Boreal Water Collection Inc. Announces Acquisition of Spring Water Business in NY State


ONTREAL–(Marketwire – April 6, 2009) – On Friday, March 27 Boreal Water Collection Inc. (“Boreal”) (PINKSHEETS: BRWC) won its bid in U.S. Bankruptcy Court to acquire the spring water business of Leisure Time Spring Water, based in Kiamesha Lake, NY. A.T. Reynolds & Sons Inc. has been operating under Chapter 11 of the US bankruptcy code since December 2008. The transaction was consummated on Friday, April 3rd. In exchange for consideration consisting of a combination of cash and assumption of debt, Boreal acquired all of A.T. Reynolds’ assets, other than its New York and New Jersey Home and Office Delivery businesses (HOD), which A.T. Reynolds sold to a third party.

Boreal will focus Leisure Time’s resources on the high-end private label bottled water business. Boreal will, however, still bottle the 3, 4 & 5 gallons containers for the buyer of the HOD business, under a separate bottling agreement.

A.T. Reynolds & Sons Inc. has operated its Leisure Time spring water company in Kiamesha Lake for 125 years. Located 90 miles from New York City, the 72,000 square foot Kiamesha Lake facility includes six bottling production lines which will help support the company’s sales and distribution to customers in New York City and the rest of the Northeastern United States.

About Boreal Water Collection Inc.

Boreal Water Collection’s goal is to become the leading producer of high-end private label bottled water in North America. BOREAL plans to achieve this goal by developing its affiliation with Les Sources Saint-Elie Inc., a Canadian company that has been the leading producer of high-end private label bottled water in Eastern Canada over the last decade. BOREAL is committed to providing its customers with the highest quality bottled water products at the most affordable prices possible. In addition, Boreal prides itself on providing outstanding customer service. Through its license with Les Sources Saint-Elie Inc., Boreal has an impressive product line, featuring various labels and water bottle shapes and sizes. In today’s health-conscious society, private label bottled water is an effective and highly desirable vehicle to promote businesses. Because Boreal provides a turn-key solution, it is able to offer its service to almost every type of corporate customer.

Production Facilities — Boreal Water Collection intends to develop a national network of bottled water production facilities through an aggressive acquisition program and via selective joint ventures.

Distribution network — Boreal intends to expand its distribution network by granting distribution licenses to selected well-established distributors, in addition to developing its own national corporate accounts.

About Saint Elie

Les Sources Saint-Elie Inc. is a leading producer of high-end private label bottled water in Eastern Canada. Saint-Elie offers a variety of bottle sizes: 18.9L, 11L, 4L, 1.5L, 1L, 500ml, and 410ml. From concept, through to the application, Saint Elie can assist your company in attaching its name to its naturally pure and healthy product. Saint-Élie water is naturally filtered for over 60 years through a very hard natural crystalline rock shield, hence giving it a superior level of purity and taste.