Water Bank of America is focused on providing purified spring water and manufactures its own brand of sealed hygienic ice cubes purposed for tourism, consumer, commercial, medical, as well as hospitality markets. The products offered are the first to meet the same level of hygiene, cleanliness, and safety standards that has increased the sales of bottled water more than 10% per year.
The Company gathers its spring water from a high-quality source in the Canadian highlands and has established an experienced management team and advisory board that consist of leading figures in the beverage industry. Jose Francisco Klujsza, President and CEO, held senior management positions at PepsiCo after serving as a Sales VP for Mexico and Latin America.
Based on the national market rollout of the ICEROCKS® in prominent metropolitan markets and the introduction of SCOTCHROCKS®, Proteus Equity Research projects that Water Bank of America will reach revenues of about $7.2 million with an Earnings Per Share of ($0.15) for FY 2008. As the Company expands into key international hospitality and tourism markets as well as introduces new products and co-branding initiatives, revenues could considerably increase to $25.45 million with earnings of $2.3 million for FY 2009.
Let us hear your thoughts below: