American Water Works Company Inc
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Utilities : Water Utilities | Mid Cap Blend
Company profile

American Water Works Company, Inc. is a water and wastewater utility company. The Company's business segment, Regulated Businesses, involves the ownership of utilities that provide water and wastewater services to residential, commercial, industrial, public authority, fire service and sales for resale customers. It also provides regulated-like services through its Military Services Group (MSG), which enters into long-term contracts with the United States government to provide water and wastewater services on various military installations. It also has five contracts with municipal customers to operate and manage water and wastewater facilities and provide other related services through its Contract Services Group (CSG). It operates other market-based businesses that provide water and wastewater services to the United States government on military installations, as well as municipalities and utility customers. Its portfolio also includes City of Villa Grove water and wastewater systems.

Closing Price
$134.71
Day's Change
-2.62 (-1.91%)
Bid
--
Ask
--
B/A Size
--
Day's High
139.05
Day's Low
133.67
Volume
(Below Average)
Volume:
691,710

10-day average volume:
782,782
691,710

Alkaline88(R) Adds Approximately 600 New Locations of Convenience Store Leader in Western States

11:45 am ET August 3, 2022 (BusinessWire) Print

The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the "Company"), the country's largest independent alkaline water company and the Clean Beverage(R) company, today announced that the Alkaline88(R) 3-Liter will be available in one of the Western United States' best-known convenience store chains. The approximately 600 locations, which were included in the Company's previously announced 8,400 new stores added since the start of the fiscal year, will begin carrying the product in August in their stores in California, Arizona, Nevada, Washington, and Oregon.

"Morning or night, commuters filling up or passing through can now rehydrate with an Alkaline88 3-Liter in 600 more convenience stores in five Western states, including hundreds of locations all throughout California," said Alkaline88 President and CEO, Frank Lazaran. "This newest c-store client is part of one of the top-ten convenience chains in the country and a leader on the West Coast. This is another huge win for the expansion of our brand in the convenience store channel and for our growing retail footprint.

"With a very strong production infrastructure in the region, a great distribution partner in California, and our Direct-Store-Delivery partners covering much of the rest of the c-store's footprint, we expect a solid rollout for Alkaline88(R) 3-Liter when it hits shelves and cold vaults in the summer heat of August. Having all these pieces in place for a large launch with a new premium c-store client is a prime example of how we are optimizing every facet of our company to continue to efficiently expand the Alkaline88 brand."

About The Alkaline Water Company:

The Alkaline Water Company is the Clean Beverage(R) company making a difference in the water you drink and the world we share.

Founded in 2012, The Alkaline Water Company (NASDAQ and CSE: WTER) is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88(R), is a leading premier alkaline water brand available in bulk and single-serve sizes along with eco-friendly aluminum packaging options. With its innovative, state-of-the-art proprietary electrolysis process, Alkaline88(R) delivers perfect 8.8 pH alkaline drinking water with trace minerals and electrolytes and boasts our trademarked "Clean Beverage" label. In 2021, The Alkaline Water Company was pleased to welcome Shaquille O'Neal to its board of advisors and to serve as the celebrity brand ambassador for Alkaline88(R).

To purchase The Alkaline Water Company's products online, visit us at www.alkaline88.com.

To learn more about The Alkaline Water Company, please visit www.thealkalinewaterco.com or connect with us on Facebook, Twitter, Instagram, or LinkedIn.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements." Statements in this news 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, that the Company expects a solid rollout for Alkaline88(R) 3-Liter when it hits shelves and cold vaults in the summer heat of August.

The material assumptions supporting these forward-looking statements include, among others, that the demand for the Company's products will continue to significantly grow; that the past production capacity of the Company's co-packing facilities can be maintained or increased; that there will be increased production capacity through implementation of new production facilities, new co-packers and new technology; that there will be an increase in number of products available for sale to retailers and consumers; that there will be an expansion in geographical areas by national retailers carrying the Company's products; that there will be an expansion into new national and regional grocery retailers; that there will be an expansion into new e-commerce, home delivery, convenience, and healthy food channels; that there will not be interruptions on production of the Company's products; that there will not be a recall of products due to unintended contamination or other adverse events relating to the Company's products; and that the Company will be able to obtain additional capital to meet the Company's growing demand and satisfy the capital expenditure requirements needed to increase production and support sales activity. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, governmental regulations being implemented regarding the production and sale of alkaline water or any other products; additional competitors selling alkaline water and enhanced water products in bulk containers reducing the Company's sales; the fact that the Company does not own or operate any of its production facilities and that co-packers may not renew current agreements and/or not satisfy increased production quotas; the fact that the Company has a limited number of suppliers of its unique bulk bottles; the potential for supply-chain interruption due to factors beyond the Company's control; the fact that there may be a recall of products due to unintended contamination; the inherent uncertainties associated with operating as an early stage company; changes in customer demand and the fact that consumers may not embrace enhanced water products as expected or at all; the extent to which the Company is successful in gaining new long-term relationships with new retailers and retaining existing relationships with retailers; the Company's ability to raise the additional funding that it will need to continue to pursue its business, planned capital expansion and sales activity; and competition in the industry in which the Company operates and market conditions. These forward-looking statements are made as of the date of this news release, and the Company assumes 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 and Canada. Although the Company believes that any beliefs, plans, expectations, and intentions contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations, or intentions will prove to be accurate. Readers 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 the Company files with the SEC, available at www.sec.gov, and on the SEDAR, available at www.sedar.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220803005113/en/

SOURCE: The Alkaline Water Company Inc.">

The Alkaline Water Company Inc.

Jeff Wright
Director of Investor Relations
866-242-0240
investors@thealkalinewaterco.com

Media

Jessica Starman
888-461-2233
jessica@elev8newmedia.com
comtex tracking

COMTEX_411508268/1006/2022-08-03T11:45:00

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