AQUAGOLD, a company that has developed a national network of retailers and points of sale in preparation for the highly anticipated launch of its line of premium spring water products in China, revealed details of its 8-year sales agreement. AQUAGOLD has proceeded with an initial consolidation of orders stemming from end users at the retail level. The consolidation results in a primary sales contract that shows slightly less than 17 million cases of product for a total revenue of $118 million dollars. The initial purchase orders are currently being finalized.
AQUAGOLD’s President and CEO, Daniel Sauvé commented, “It is a pleasure to begin to release the highly anticipated details of our business. Our mission is to become the imported water of choice in China. With our strong relationships in China we have the necessary support and marketing structure to make this happen. These sales represent the first numbers of a larger picture soon to be seen by all. This picture is one of a company that works hand in hand with local partners from the ground up and understands what it takes to make AQUAGOLD’s brand one of the most recognized in China.”
AQUAGOLD is actively pursuing increased growth, and has a focus on growing market share in China and the rest of Asia. The company anticipates even more substantial opportunities in the nearby future as the Chinese capital city of Beijing hosts the 2008 Olympic Summer Games.
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