American Premium Water Corporation (OTC:HIPH) Announces Developed Prototype of CBD Pet Water With JV Partner LinkRes Pets
06 June 2019 - 10:30PM
InvestorsHub NewsWire
American Premium Water
Corporation (OTC:HIPH)
Announces Developed Prototype of
CBD Pet Water With JV Partner
LinkRes Pets (OTC:LRSV)
The Company is
launching its first
product in the $75 billion pet
industry by Q3 2019 or sooner.
PLAYA VISTA, CA --
June 6, 2019 -- InvestorsHub NewsWire -- American Premium
Water Corporation (OTC:
HIPH) ("the
Company") announces that it
has developed a
prototype LYNKS
CBD Pet
Water with Link
Reservation, Inc. (OTC:
LRSV).
The product is
part of
the joint-venture
(JV) announced last
month to
produce
a
CBD-infused
water specifically designed for consumption by household
pets, using the Company's
proprietary Hydro-Nano formulation. LYNKS
CBD Pet
Water is
expected
to be launched at retail in
early Q3 2019
or
sooner.
CEO American Premium
Water Corporation, Ryan Fishoff
commented, "I am excited to
announce the development of CBD
Pet Water with our JV partner
LinkRes
Pets.
The amount of interest and inquiries from retailers led us to fast
track the development of this product. LYNKS
CBD Pet
Water will be a premium product that is a category creator. This
will be an innovative product that will have no direct competition
at launch, and we're really excited
to
own
market share with this product.
LYNKS
CBD Pet
Water was designed to have premium branding in line with
LALPINA
CBD. Having
LALPINA
CBD as part of the
branding
story for LYNKS CBD Pet
Water, we will be
introducing the power of our proprietary Hydro Nano formulation to
pet owners across the country who
might be
prompted to try LALPINA CBD for themselves."
LinkRes
Pets
(www.linkrespet.com) produces CBD products
specifically tailored for cats, dogs and horses. LinkRes
current
product offering is exclusively CBD oil. Lynks
CBD Pet
Water is the first non-CBD oil that the Company is
producing. The
American
Pet Products Association estimates that the US pet product industry
will be worth over $75 billion in 2019. New Frontier Data projects
that the CBD Pet Product Market will reach $125 million in sales by
2022. And according to a report by Research and Marketing, over 55%
of US households own a pet, and are more likely to be in a higher
income household than non-pet owners.
"The pet beverage
market itself
is
an almost
non-existent market; there are very few pet beverages outside of
protein drinks and additives in the market place. I think we have
the opportunity to grab shelf space really quickly with this
product. We are already in discussions with distributors and look
forward to be sending out samples in the near
future. I am very bullish on
the revenue potential for this product;
I believe
that it could add
between
one to three million dollars of
incremental revenue to the P&L once distribution
is
fully
reached. LYNKS
CBD Pet
Water is another example of
Company successfully
leveraging its IP and
technology to generate
revenue. The
Company's focus on science
and technology has been paying dividends, as this JV with
LinkRes
Pets is
the latest partnership where we have utilized our
proprietary
Hydro-Nano formulation to
enter
markets outside our core focus. Partnerships
with
Hanlon's Brewery (beer) and with Lynne
Franks (women's beauty and wellness) are examples of success with
this strategy.
We
are engaged
in
discussions with other potential partners about utilizing
the
Company's technology for applications
in different
product
categories. I look
forward to providing shareholders with updates on these
conversations, as well as a launch
date for LYNKS
CBD Pet
Water." concluded Mr.
Fishoff
For more information
contact info@americanpremiumwater.com
About American
Premium Water Corp.
American Premium
Water (OTC:
HIPH) is a diversified luxury consumer products company focused
on businesses in the health and beauty and biotech sectors. The
company is focused on harnessing the powers of hydrogen and Nano
technologies paired with cannabidiol (CBD) to treat health
disorders and enhance quality of life. This business model aims to
market emerging fashion brands by leveraging classic retail
partners and incorporating disruptive blockchain technologies to
expand the retail footprint. The company's portfolio includes the
LALPINA Hydro and LALPINA Hydro CBD brands (www.LalpinaInc.com), LALPINA
Productions, LALPINA
Records, Canyon Create
(www.canyoncreate.com),
Vanexxe
(www.vanexxe.com)
Gents
(www.gentsco.com).
Safe Harbor
Notice
Certain statements
contained herein are "forward-looking statements" (as defined in
the Private Securities Litigation Reform Act of 1995). American
Premium Water Corporation cautions that statements made in this
news release constitute forward-looking statements and makes no
guarantee of future performance. Forward-looking statements are
based on estimates and opinions of management at the time
statements are made. These statements may address issues that
involve significant risks, uncertainties, estimates and assumptions
made by management. Actual results could differ materially from
current projections or implied results. American Premium Water
Corporation undertakes no obligation to revise these statements
following the date of this news release. Additional details
of the Company's business can be found in its public disclosures as
a reporting issuer under the Securities Exchange Act of 1934 filed
with the Securities and Exchange Commission's ("SEC") EDGAR
database.
This press release is
issued on behalf of the Board of Directors of American Premium
Water Corporation.
Contact
Information:
Media
Contact
Email: info@americanpremiumwater.com
+1(888)
983-0054
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