AQUAGOLD International, Inc. (PINKSHEETS: AQUI) Announces Sales
Contract With Lianhua Supermarket Holdings Co., Ltd., Owners of
China's Largest Retail Chains
LAS VEGAS, NV and MONTREAL -- (MARKET WIRE) -- 04/04/08 -- AQUAGOLD
International, Inc. (PINKSHEETS: AQUI) today is proud to announce
that China's largest supermarket chain and largest "fast-moving"
consumer goods chain, LIANHUA Supermarket Holdings Co., Ltd.
(www.lhok.com.cn), has been introduced into AQUAGOLD's products
network of sales. LIANHUA Supermarket, established in 1991 in
Shanghai, rapidly grew to over 3700 points of sale, excluding outlets
operated by associated companies, spanning 20 provinces and
municipalities across China. LIANHUA Supermarket and its subsidiaries
operate three main types of retail outlets, namely hypermarkets,
supermarkets and convenience stores, catering for the diverse needs
of consumers. The three retail forms continue to expand and develop
under the brand names of "Century Mart," "LIANHUA Supermarket" and
Daniel Sauve, AQUAGOLD's President and CEO, says, "This is the
beginning of the previously announced sales contracts starting to
unfold before us. Today marks the commencement of an exciting time
and growth stage in AQUAGOLD's history."
About AQUAGOLD International, Inc.
AQUAGOLD International, Inc. 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. In
2005, sales of bottled water in China experienced strong growth of
16% (liters) and 15% (RMB/$) to reach 11.2 billion liters and RMB24.1
billion or $3.17 billion USD in volume and current value terms.
AQUAGOLD is actively pursuing additional growth and is focused on
growing market share in China as well as the rest of Asia, and the
Company anticipates even more substantial opportunities in the near
future as the Chinese capital city of Beijing hosts the 2008 Olympic
About EricDavid & Sons, Inc.
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clients only those who are perceived to offer unusual products or
services with the potential to command a dominant position in their
respective industry/marketplace and publicize companies with unique
products services offerings whose stock is undervalued in relation to
their long-term earnings potential.
This news release contains forward-looking statements made by
AQUAGOLD INTERNATIONAL, INC. in reliance upon the safe harbor
provisions of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. All such statements
included in this press release, other than statements of historical
fact, are forward-looking statements. Although Management believes
that the expectations reflected in such forward-looking statements
are reasonable, it can give no assurance that such expectations will
prove to have been correct. Actual results may differ materially from
those indicated by these statements. The following risk factors,
among others, could cause actual results to differ materially from
those described in any forward-looking statements. These risks and
uncertainties include, but are not limited to, economic conditions,
changes in the law or regulations, demand for products and services of
the company, the effects of competition and other factors that could
cause actual results to differ materially from those projected or
represented in the forward-looking statements. Forward-looking
statements are typically identified by the words: believe, expect,
anticipate, intend, estimate, and similar expressions or which by
their nature refer to future events.
EricDavid & Sons, Inc
Investor Relations / Public Relations
AQUAGOLD International, Inc.
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