TIGER, Ga., Nov. 5, 2012 /PRNewswire/ -- Expert Group, Inc. EXPU (the "Company") is pleased to provide a comprehensive update on its year-to-date results and plans for the remainder of 2012 and beyond, as well as an update on other corporate developments. The Company's assets are comprised of territorial licensing rights in North America and Canada to market and distribute Pleasant Spring's Pure Mountain Premium Spring Water.
Pleasant Springs updates.
Certifications.
All-Phase Environmental Consultants, Inc. (APEC) is dedicated to providing high quality, cost competitive environmental consulting/management services. APEC has been solving environmental problems associated with regulatory and liability issues since the company's inception in 1999. The company's expertise is in environmental site assessments, risk assessments, environmental liability consulting, regulatory compliance and permitting, underground storage tank/aboveground storage tank (UST/AST) removals and installations, asbestos sampling and management, lead-based paint testing, mold evaluations, and home energy ratings and duct blaster testing. The company is in the final stages of recertification for Pleasant Springs as Premium Mountain Spring Water. The results are expected on November 19, 2012.
Once the certifications are obtained, we can commence with the sales of our bottled and bulk water.
Bulk Water.
In 1995, Pleasant Springs began providing bulk water to several other water companies. In the past we have serviced such customers as Kroger, Ingles, Bi-LO Supermarkets, Cracker Barrel restaurants, Georgia Tech University, Tiger Food Mart, Winn Dixie and many others. The company has recently made a significant investment in updating and refurnishing its equipment to better serve our partners. We have streamlined our capacity and efficiency to facilitate our customers with billions of gallons of premium high alkaline high altitude spring water. Our goal is to be fully functional in December 2012 and resume or exceed bulk water sales which previously accounted for nearly five hundred thousand dollars ($500,000.00) in revenue.
Bottled Water.
Bottled water consumption and sales have been increasing exponentially since its emergence as a widely-accepted commercial beverage category. In 2011 Americans purchased 9.1 billion gallons of bottled water. Per capita consumption reached a new peak of 29.2 gallons (it was 18.2 gallons per person about a decade ago). The overwhelming majority (96%) of bottled water purchased in the US came from domestic sources.
Pleasant Springs is re-introducing its brand with the newly launched logo and website www.pleasantsprings.com. The company has partnered with Tricorbraun, an industry leader and worldwide provider of glasses and plastic bottle products. Tricorbraun has been contracted to create a mold specifically to characterize a unique look for our glass and PET bottle line. We expect the new bottles to be available by the end of 4th quarter 2012. Combined with our existing customer list and initial sales inquiries we are estimating gross revenue of approximately Two Million dollars ($2,000,000.00).
New Products.
Classic Swing Top Bale Wire Glass Bottles.
Along with our new unique bottle designed by Tricorbraun, Pleasant Springs will also roll out the Glass Bale Wire Swing Top Bottles (aka as Bail Wire Bottles, Fido bottles, Kilner Bottles, and Swing Top Bottles). These bottles provide a homespun look providing a handcrafted, homegrown appeal. This Country-styling screams wholesome goodness, guaranteeing they'll standout in any setting. Glass Bale Wire Bottles are crafted by Pleasant Springs and feature unsurpassed glass quality and attention to detail. Bail wire is constructed of heavy-duty, zinc-plated steel wire. Our limited edition Bale Bottles will be available in 2013. This unique Product will become the retail price leader in the Boutique Glass Water Market.
About Pleasant Springs Farms Inc.
Pleasant Springs Farms is focused on creating a superior product for the bottled water industry by bottling pure spring water from the mountainous regions of Georgia with a spirit of excellence. The Company has committed a substantial investment specifically designed to build access to markets throughout the United States and foreign markets. Prior to the licensing agreement with Expert Group, Pleasant Springs sold pure mountain premium spring water with annual revenue of nearly five million dollars ($5,000,000.00). The farm is located in Tiger, Georgia, in America's first temperate rain forest on 22+/- acres since 1793.
Additional information about Pleasant Springs Farms and Expert Group, Inc., including press releases, interim financial statements and other public documents, can be viewed at www.pleasantsprings.com or at www.otcmarkets.com.
Safe Harbor Statement
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.
EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS "ESTIMATE", "ANTICIPATE", "BELIEVE", "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS CONTAINED IN THIS NEWS RELEASE INCLUDE STATEMENTS RELATING TO THE COMPANY'S PLANS TO ENTER INTO A MINING OPTION AGREEMENT WITHIN THE NEXT FORTY-FIVE DAYS. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH MINERAL EXPLORATION AND FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY'S MOST RECENT ANNUAL AND QUARTERLY REPORTS ON FORM 10-K AND FORM 10-Q, RESPECTIVELY, AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY'S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY'S EXPLORATION EFFORTS WILL SUCCEED AND THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION.
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY 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.
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SOURCE Expert Group, Inc.
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