The Alkaline Water Company Announces Filing of OTCQB Uplisting Application

Rhea-AI Summary

The Alkaline Water Company (OTC: WTER) has filed an application for uplisting to the OTCQB market tier. This strategic move aims to enhance market maker participation through the IDQS system with no 30-day waiting period, potentially improving trading efficiency and shareholder liquidity.

The company has achieved several key operational milestones, including: signing an LOI for equipment acquisition for their first company-owned production facility, projecting up to $2 million in annual cost savings; securing $1.5 million in essential inventory through restricted shares, improving projected cash position by $1.2 million through June; and strengthening corporate governance with two new independent directors.

Positive

• Potential $2 million annual cost savings from planned company-owned production facility
• Secured $1.5 million in inventory improving cash position by $1.2 million through June
• Vertical integration through first company-owned production facility
• Enhanced corporate governance with addition of two independent directors

Negative

• Uplisting approval not guaranteed and subject to extensive review
• Share dilution through restricted share issuance for inventory acquisition

SCOTTSDALE, Ariz., Feb. 18, 2025 (GLOBE NEWSWIRE) -- The Alkaline Water Company, Inc. (OTC: WTER -- hereinafter referred to as the "Company"), a leader in the beverage industry known for its purified alkaline water, enhanced with Himalayan rock salt, today announced the filing of its application for uplisting to the OTCQB market tier.

"Filing our OTCQB application marks a transformative step in our capital markets strategy," said Ricky Wright, CEO of The Alkaline Water Company. "While this begins a thorough review process by OTC Markets of our application and supporting documentation, once approved, we can immediately take advantage of the SEC's modernized Rule 15c2-11 framework. This means enhanced market maker participation through the IDQS system with no 30-day waiting period, creating new opportunities for institutional engagement and improved trading efficiency. These improvements will ultimately provide our shareholders with better liquidity and price discovery as we work to reestablish ourselves as the nation's leading independent alkaline water company. We look forward to working with OTC Markets throughout this process and will keep our shareholders informed of material developments."

The Company's recent operational transformation has achieved several historic milestones:

- Vertical Integration: Signed LOI for equipment acquisition enabling the first company-owned production facility in corporate history, projecting up to $2 million in annual cost savings.

- Strategic Inventory: Secured $1.5 million in essential inventory through a restricted share structure, improving projected cash position by $1.2 million through June.

- Production Control: Positioning for enhanced quality control and operational efficiency through direct manufacturing capabilities.

- Corporate Governance: Strengthened oversight with appointment of two independent directors with extensive business and financial expertise.

- Operational Foundation: Completed PCAOB audit and implemented enhanced market transparency measures.

About The Alkaline Water Company, Inc.

The Alkaline Water Company, Inc., are the developers of Alkaline88 - a purified alkaline water, enhanced with Himalayan rock salt and engineered for a smooth and delicious taste.

Disclaimer Regarding Forward Looking Statements

This press release contains "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and beliefs concerning future developments and their potential effects on the Company. Such forward-looking statements include, but are not limited to, statements regarding our OTCQB uplisting application, potential benefits of Rule 15c2-11 processes, anticipated market maker participation, projected trading improvements, equipment acquisition, inventory management, and operational efficiencies.

Specifically regarding our OTCQB uplisting application and Form 15c2-11 process, investors should note that:

- OTC Markets' review process may require additional information or clarifications

- No assurance can be given regarding the timing or success of the uplisting approval

- Even if approved, actual benefits may differ from those anticipated

- Market maker participation remains subject to individual firms' discretion

- Enhanced liquidity and trading benefits cannot be guaranteed

- The IDQS system benefits are dependent on multiple market factors

Regarding our strategic initiatives:

- Equipment acquisition remains subject to final documentation and facility lease

- Projected cost savings and operational improvements are based on internal estimates

- Inventory management benefits depend on successful execution of distribution strategies

- Share issuances, though restricted, may impact future trading dynamics

- Corporate governance enhancements must be maintained to meet ongoing requirements

The financial projections and operational benefits described herein are based on management's current expectations and have not been reviewed by independent accountants. Actual results may vary significantly due to numerous factors including market conditions, competition, regulatory requirements, economic conditions, financing availability, and execution risks.

We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Contact Information

5524 North 51st Avenue

Glendale, Arizona 85301

Telephone: 480-582-3600

Website: www.thealkalinewaterco.com

Email: info@thealkalinewaterco.com

FAQ

What are the expected cost savings from WTER's new production facility?

The Alkaline Water Company projects up to $2 million in annual cost savings from their first company-owned production facility.

How much inventory has WTER secured through restricted shares?

WTER has secured $1.5 million in essential inventory through a restricted share structure, improving their projected cash position by $1.2 million through June.

What are the potential benefits of WTER's OTCQB uplisting?

The OTCQB uplisting could provide enhanced market maker participation, improved trading efficiency, better liquidity, and price discovery for shareholders.

What operational milestones has WTER recently achieved?

WTER has achieved vertical integration through equipment acquisition, secured strategic inventory, enhanced production control, strengthened corporate governance with new directors, and completed a PCAOB audit.