Alkaline Water Company Inc. (OTCQB: WTER) (the “Company”), developers of an innovative state of the art proprietary electrolysis beverage process, packaged and sold in 700ml, 1/2, 1 or 3 liter and 1 gallon sizes under the trade name Alkaline88 reports the the Company anticipates product placement in over 30,000 stores with projected revenues to hit $18M by fiscal year end 2017.
President & CEO, Steven Nickolas states “As we complete our third year of operations, we are extremely proud and thankful for the acceptance of Alkaline88 by our distributors and retail customers. Not only are we in all 50 states but we remain one of the fastest growing beverage companies in the country. The momentum we have created continues to grow and our sell-through to consumers is tremendous. We now anticipate being in over 30,000 stores nationwide and currently forecast sales of over $18M over the next twelve months. Most importantly, our recently completed financing has provided us the necessary capital to meet predicted demand. To meet expectations, we’ve made significant technology enhancements that have doubled our production capacity to support up to $4M in monthly sales revenue. This positions us to move from an estimated $7M in revenues for fiscal 2016, towards a 100 % year over year sales forecast.”
Alkaline88’s premier alkaline water is an 8.8 pH balanced bottled alkaline drinking water enhanced with trace minerals and electrolytes. The Company is currently in the midst of a national mass-market expansion program, where the product is already available for consumer sales at a growing number of major retail locations across many parts of the United States.