FinVolution Group
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Financials : Consumer Finance |
Based in China
Company profile

FinVolution Group, formerly PPDAI GROUP INC, is a China-based company mainly engaged in operating an online consumer finance platform. The Company’s products and services include loan services offered to borrowers, investment services offered to individual investors and institutional funding partners. The loan services offered to borrowers include standard loan products, consumption loan products and other loan products. The investment services offered to individual investors include self-discretionary investing tools, automated investing tools, investment programs and a secondary loan market. The Company also introduces borrowers to institutional funding partners and provides preliminary credit assessment services as well as other services.

This security is an American depositary receipt
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American Depositary Receipt (ADR) Fee

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Price
Delayed
$5.88
Day's Change
-0.105 (-1.76%)
Bid
--
Ask
--
B/A Size
--
Day's High
6.00
Day's Low
5.82
Volume
(Light)

Today's volume of 392,655 shares is on pace to be much lighter than FINV's 10-day average volume of 1,233,283 shares.

392,655

The Alkaline Water Company's C-Store Sales Up 228% in Current Fiscal Year

9:15 am ET September 8, 2021 (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 Company(TM), is pleased to announce that this year's sales in the all-important C-Store channel have more than doubled over the previous year. The Company attributes much of this growth to partnerships with several new major Direct-Store-Delivery providers and additional placements in six new distribution centers of legacy partners.

"Our C-store channel sales are beginning to grow significantly. Last month alone, we grew by almost 300% in c-store sales, making it by far our most successful month in the company's history. This is before the full impact of any of our new DSDs or six new distribution centers has even been felt," said Richard A. Wright, President and CEO of The Alkaline Water Company. "The Alkaline88 footprint continues to expand with each new distribution center added to our nationwide network. Recent additions to our network of distributors include Nassau Candy, Cooper Booth Wholesale, Hensley Beverage Company, Nevada Beverage Company, and National Convenience Distributors. Combined with our legacy partners, our network's access now gives us the potential to service approximately 50,000 of the 150,000 convenience stores across the country. Between our traditional channels and C-stores, our single-serves are now available to more customers than ever before. Many of our single-serve SKUs, including our aluminum bottle and many of our flavored-infused waters, are on pace to significantly outperform their sales from last year. The C-store channel is a leader in bottled water sales with over $4.5 billion in sales last year, according to Convenience Store News. While we continue to see significant growth in our traditional channels, we anticipate that the convenience channel will meaningfully contribute to our fiscal year 2022 sales revenues."

Alkaline88(R) is known for its superior hydration with a perfect 8.8pH balance. The brand was developed to deliver a Deliciously Smooth(TM) taste that encourages consumers to drink more and fully hydrate. The Company is dedicated to purity, quality, value, and taste. The water's ingredient deck is simple, easy to understand, and free of buffers. Alkaline88 ionized water contains just two ingredients that customers trust -- purified water and Pink Himalayan Rock Salt.

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

The Alkaline88(R) flagship brand of premium alkaline water is now available in 75,000 stores across all trades in the U.S. For more information, visit www.thealkalinewaterco.com.

About The Alkaline Water Company:

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 balanced alkaline drinking water with trace minerals and electrolytes and boasts our trademarked label "Clean Beverage." Quickly being recognized as a growing lifestyle brand, Alkaline88(R) launched A88 Infused(TM) in 2019 to meet consumer demand for flavor-infused products. A88 Infused(TM) flavored water is available in six unique all-natural flavors, with new flavors coming soon. 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 the Alkaline88(R) and A88 Infused(TM) brands.

To purchase Alkaline88(R) and A88 Flavor Infused 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, the following: that combined with the Company's legacy partners, the Company's network's access now gives the Company the potential to service approximately 50,000 of the 150,000 convenience stores across the country; that many of the Company's single-serve SKUs, including the Company's aluminum bottle and many of the Company's flavored-infused waters, are on pace to significantly outperform their sales from last year; and that the Company anticipates the convenience channel will meaningfully contribute to the Company's fiscal year 2022 sales revenues.

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/20210908005395/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
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COMTEX_392980732/1006/2021-09-08T09:15:00

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