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American Premium Water Corp. (OTC:HIPH) Announces Half-Year Revenue of $138,826, 5023% Increase Year over Year

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PLAYA VISTA, Calif., Aug. 21, 2018 (GLOBE NEWSWIRE) -- American Premium Water Corporation (OTC:HIPH) (the "Company") announces that for the first 6 months of the 2018 fiscal year, the Company generated revenue of $138,826, an increase of 5023% compared to the same period in fiscal 2017. The Company also announced that is has reduced its current liabilities by nearly 40%, or a total of $816,550, from forgiveness of differed compensation and the retirement of third party debt.

Ryan Fishoff, CEO American Premium Water Corporation commented: "I am excited to report to our shareholders that the Company surpassed revenue for the same period by 5023%. The second quarter was helped with the launch of Gents "Axe Capital" hats as part of its licensing arrangement with Showtime Networks. This has been a great partnership for us which has connected with Gents target demographic. In addition, the Company was able to reduce its liabilities by almost 40%, entirely through the retirement and elimination of differed compensation and amounts due third parties. I want to clarify that this reduction was due to forgiveness, and none of these liabilities were converted into free trading shares. I have been very committed to reducing the Company's debt load, and this has been a key achievement of mine, especially as I conclude my first year as CEO, and look forward to the next year with many big things on the horizon, most notably the release of LALPINA Hydro CBD next week."

The Company announced on July 25th that it would be launching its LALPINA Hydro CBD product for sale on August 27th, and subsequent announcement on August 9th announcing that the Company had filed with the Patent and Trademark Office. Delivering a prototype and bringing to market has been one of the signature achievements during Mr. Fishoff's tenure as CEO. The Company's transition into the CBD sector will position it to be a part of a $1 Billion industry that's projected to grow to $3 Billion by 2020, according to Greenware Advisors. LALPINA Hydro CBD is slated to be the first of many products going forward utilizing CBD that the Company intends to market and sell.

"The Company is really excited to begin sales of LALPINA Hydro CBD. We have been talking about it for a while, but the launch date is near. There has been a lot of interest and demand for this product. I am excited to begin fulfilling it and growing the brand. Having immersed myself in the space over the past year, I really see the untapped opportunity for CBD products as part of the overall cannabis market. There is a lack of public education about the benefits of CBD and the differences between THC. As the public gets more educated, the sector will only expand. We are going to do what we do best – leverage our branding and marketing expertise to leverage the Company's brands to create products to fulfill needs in these categories. Over the next year, the Company will be looking to expand into several categories and market segments; men's grooming and pet products are two segments that I want to expand into under the Gents and LALPINA brands, respectively. I am hopeful we will go to market with CBD products under those brands by the end of the year. I am also very interested in exploring how the Company can utilize THC in its energy drinks. I look forward to updating the investor community on all these developments in the coming weeks and months," Mr. Fishoff concluded.

American Premium Water Corp is the publicly held trading company that owns LALPINA HYDRO, LALPINA HYDRO CBD, Gents, Worthy, FashionCoinX and THRD Coin.

Please follow us on our social media outlets listed below:

@americanpremium

@lalpinabrands

@GentsCo

@WorthyLux

@FashionCoinX

#Gentsco

#lalpinahydrogen

For more information on American Premium Water Corporation / HIPH, go to:

http://www.lalpinahydrogen.com/investor-page.html

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, Nordstrom, and Saks Fifth Avenue.

Visit www.gentsco.com to learn more.

https://www.gentsco.com

@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.

This press release is issued on behalf of the Company's Board of Directors.

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 Act of 1933, as amended, and Section 21E of the United States Securities 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 statements speak only as of the date on which they are made, and APWC expressly disclaims any obligation to update or revise any forward-looking statements to reflect events or circumstances after the date thereof. 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 forward-looking statements. APWC's expectations, beliefs and projections are expressed in good faith and are believed by the APWC to have a reasonable 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 for APWC's products; (iv) performance issues with key suppliers, affiliates, agents, advisors or subcontractors; (v) changes in government changes in laws or regulations to which APWC or its suppliers are subject, including environmental laws and regulations relating to water or water sources; and (vi) the inability to complete announced acquisitions, difficulty or unanticipated expenses in connection with integrating acquired businesses and 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
1-888-983-0054

Stock Symbol: HIPH
General Inquiries: info@americanpremiumwater.com
Investor Relations: ir@americanpremiumwater.com
Company Website: http://www.lalpinahydrogen.com/investor-page.html
Twitter: @americanpremium, @lalpinawater
Instagram: #lalpinahydrogen

 

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