(OTC:
$HIPH) American Premium Water Reports Acquires Fashion Blockchain Exchange;
@americanpremium
(OTC:
$HIPH) Adds to product portfolio including #THC-infused hydrogen #beverage
and LALPINA Hydrogen #CBD
PLAYA
VISTA., CA - (Investorideas.com Newswire) American Premium Water Corporation (OTC: HIPH) recently announced that is had
acquired the license to operate FashionCoinX (www.fashioncoinx.com), an exchange utilizing blockchain
technology that will provide fashion brands the ability to create their own
security backed tokens which will provide special discounts, access to
exclusive products, and other loyalty rewards to consumers. These tokens can be
traded on the exchange, allowing for a real-time indication of a brand's power.
"After
months of work, I am excited to announce that the Company has completed the
transaction to acquire the license and operating rights to FashionCoinX. This
is a significant deal for the Company. This acquisition is in line with the
strategy that I outlined earlier this year, focusing on strategic M&A that
increases shareholder value and topline growth. A lot of companies have
nefariously used acquisitions in the blockchain or crypto space to the
detriment of their companies. We are not Long Island Tea. FashionCoinX gives
the Company the ability to work and collaborate with many great fashion
brands." commented Ryan Fishoff, CEO American Premium Water Corporation.
“FashionCoinX will be
managed through the Gents subsidiary. I will personally be overseeing the
rollout and business development of the exchange. I will be leveraging my
experience and relationships in the fashion industry to have major brands join
the exchange. Attracting top brands will be critical to the success of this
venture and in line with the Company’s focus on “Brand.Luxury.Lifestyle”. We
are in discussions with a number of top luxury brands to join the platform and
will announce those in the coming weeks and months,” added Mr. Fishoff.
This acquisition was
facilitated in an an all-stock transaction. FashionCoinX will generate multiple
revenue streams for the Company; listing fees from the brands and ownership of
a portion of each brands Token’s. In addition, the Company is working on other
avenues to monetize the platform on a transactional basis. As part of the
transaction the Company has the option to buy the exchange outright at a later
date.
“As we further develop
the platform, we will reach out to our retail partners; Saks, Bloomingdales,
and Nordstroms (NYSE: JWN) to develop a strategy for their participation in the
exchange. There is nothing in the marketplace like this that’s targeting the
fashion industry and we have a first to market competitive advantage. In this
challenging retail environment, this platform is the innovation that department
stores are seeking to win back customers through the amplification of the
retail experience. Increasing the number of outlets accepting these tokens
would expand the avenues for monetization of this asset.” Mr. Fishoff
said.
Blockchain technology
utilizes that decentralizes transactions from traditional protocols in banking
and technology. According to a recent study from the Market Reports Center, the
size of the blockchain industry will grow to $60.7 billion by the year
2024. Most recently, Facebook
(NASDAQ:FB) was reported to have created an internal group that is focusing on
utilizing blockchain technology. With this acquisition, the Company joins other
companies such as Singlepoint Technologies (OTC:SING), HIVE Blockchain
Technologies (OTC:HBVTF), and Global Blockchain Technologies Corp (OTC:BLKCF)
that have successfully monetized this new and emerging sector.
“The possibilities are
endless with FashionCoinX. This in my opinion is a transformative acquisition
for the Company that further diversifies the Company and establishes its
reputation as a preeminent luxury marketing Company. I also want to thank
Blaine Riley and his team and International Monetary for their assistance on
this transaction. We would not have been able to complete without their help,”
concluded Mr. Fishoff.
CBD recent news update
The company also
recently reported news on pre-orders for its LALPINA Hydrogen CBD product. The
Company's product is a front runner in the space as the only hydrogen infused
CBD beverage available on the market. The CBD prototype debuted this past
January. Based on overwhelming interest, the Company has started exploratory
conversations about forming a JV to create a THC-infused hydrogen beverage to
be sold in states where cannabis is legal.
"The Company is
quite pleased with the market interest in our LALPINA Hydrogen CBD product. The
demand is present across different retail channels and wholesale verticals. As
more and more studies are released about CBD, there is greater demand in the
marketplace for products. There is a lot more customer education out there as
people are learning the difference between CBD Hemp and cannabis. CBD Hemp that
has non-detectable THC is legal almost anywhere. The Company has a first to
market advantage, and we look forward to capitalizing on our head start,"
commented HIPH CEO Ryan Fishoff.
(OTC: $HIPH) News: American Premium Water
#Hydrogen infused #Cannabis #THC Beverage Sales Update; @americanpremium;
@lalpinabrands;
Interview:
CEO Ryan Fishoff of American Premium Water Corporation (OTCPink: HIPH) CEO Ryan
Fishoff of American Premium Water Corporation, gives an update on luxury
consumer product brands, Gents and L’Alpina.
Gents
The New York-based Gents is a producer of luxury
hats and other fine accessories and apparel.. Their line is carried in over 200
retail outlets internationally, including Bloomingdale’s (NYSE:M), Nordstrom
(NYSE:JWN), and Saks Fifth Avenue (TSE:HBC).
@GentsCo
#GentsCo
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.
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 by Alfred Culbreth, Founder /Director.
Disclaimer Regarding Forward Looking Statements
Certain statements in this press release, on
American Premium Water Corporation’s (“APWC”) website and other oral and
written statements made by APWC from time to time are “forward-looking
statements”, as that term is defined in Section 27A of the United States
Securities and Exchange Act of 1933, as amended, and Section 21E of the United
States Securities and Exchange Act of 1934, as amended, Forward-looking
statements include, without limitation, statements regarding beliefs,
objectives, intentions, goals, plans, strategies, financial projections, any
other statements regarding the future and any statements that are not
purely historical. These statements are only predictions and involve
known and unknown risks, uncertainties, and other factors that may cause our
actual results to differ materially from those expressed or implied by such
forward-looking statements. Given these uncertainties, you should not place
undue reliance on these forward-looking statements. Forward-looking
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disclaims any obligation to update or revise any forward-looking
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All forward-looking statements, whether written or oral and whether made by or
on behalf of the APWC, are expressly qualified by these cautionary statements.
Forward-looking statements involve risks and uncertainties which could cause
actual results or outcomes to differ materially from those expressed in the
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basis, but there can be no assurance that management's expectations, beliefs or
projections will result or be achieved or accomplished. A variety of
factors, many of which are beyond APWC’s control affect APWC’s operations,
performance, business strategy and results and could cause the actual results,
performance or achievements of APWC to be materially different from any future
results, performance or achievements that may be expressed or implied by such
forward-looking statements. For APWC, particular uncertainties arise, amongst
others but not limited to and not in any order of importance, from (i) focusing
on and allocating more resources on certain target markets (ii) the possibility
to raise further equity and debt to fund future growth, (iii) changes in demand
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the risk that anticipated synergies and opportunities as a result of
acquisitions will not be realized or the risk that acquisitions do not perform
as planned, including, for example, the risk that acquired businesses will not achieve
revenue projections.
THIS NEWS RELEASE HAS BEEN PREPARED BY APWC’S
MANAGEMENT, WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NO SECURITIES
REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED OF THE CONTENTS OF THIS NEWS
RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE
SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES
IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL
PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH
JURISDICTION.
Contact Information:
American
Premium Water Corporation
12777
Jefferson Blvd.
Suite 300
Playa Vista,
CA 90066-7408
(888)-983-0054
Please follow us on
our social media outlets listed below:
Twitter:
@americanpremium, @lalpinawater
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