SCOTTSDALE, AZ–(Marketwired – Jun 26, 2015) – The Alkaline Water Company Inc.(OTCQB: WTER) (the “Company”), developers of an innovative state of the art proprietary electrolysis beverage process packaged and sold in 500ml, 700ml, 1-liter, 3-liter and 1-gallon sizes under the trade name Alkaline88, are very pleased to announce record revenue for the fiscal year ended March 31, 2015.
In anticipation of filing our annual report on Form 10-K for the fiscal year ended March 31, 2015, we are excited to announce that our revenue for the fiscal year ended March 31, 2015 is in excess of $3,700,000, a greater than 550% year over year increase in revenue. We currently project the revenue for the fiscal year ending March 31, 2016 to exceed $10,000,000.
In related news, management further advises that due to temporary unanticipated resource constraints the Company anticipates an inability to finalize its Form 10-K by the June 29, 2015 filing deadline. As such, we intend to file a Form 12b-25 Notification of Late Filing and further anticipate filing Form 10-K on or before July 14, 2015, as of the extended deadline.
“We are excited to see that annual revenues have increased over 6 fold over the last 12 months,” says Steven P. Nickolas, President & CEO, Alkaline Water Co. “Our biggest driver for continued growth over the next 12 months will be the major expansion of our national sales footprint. We have an expansive market opportunity for many reasons; there are virtually no competitive products sized larger than 1.5 L in the market and consumer acceptance for the alkaline water segment continues to significantly grow as it becomes the water of choice for many health conscious consumers. As predicted when we first started this business, we felt that major retailers would find a high demand for bulk alkaline water which can be marketed at a consumer price point significantly less, per ounce, than existing brands. Our growth continues to prove that niche segments can transform into meaningful opportunities, especially when the target market is a health conscious segment that is also undergoing measurable and sustained growth.”
About The Alkaline Water Company Inc. (OTCQB: 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 focused on the business of distributing and marketing the retail sale of its cost-effective packaged Alkaline88 water beverage products. The Alkaline Water Company Inc. is currently in the midst of a national mass-market expansion program and is available for consumer sales at major retail locations across the United States. Learn more about The Alkaline Water Company Inc. by visiting: www.thealkalinewaterco.com.
Alkaline88 is a premier bottled alkaline drinking water with an 8.8-pH balance. Enhanced with trace minerals and electrolytes, the product offers consumers the unique opportunity to purchase alkaline water in conveniently packaged in 500ml, 700ml, and 1-liter, 3-liter and 1-gallon sizes. Learn more about the science of Alkaline88 at www.alkaline88.com.