SHENZHEN, China, July 18 /Xinhua-PRNewswire-FirstCall/ -- China Water & Drinks, Inc. (OTC Bulletin Board: CWDK) ("China Water & Drinks"; "the Company"), a leading producer and distributor of purified bottled water in the People's Republic of China ("PRC"), today announced that it has retained CCG Elite to design and execute its investor relations campaign.
China Water and Drinks operates bottled water production plants in four provinces in China -- Guangdong, Jilin, Shandong, and Guangxi, and has total annual production capacity of 810 million liters of purified water. The Company's high quality bottled water is sealed in sterilized containers meeting Chinese government hygiene standards. China Water & Drinks has over 3,600 distributors and retailers selling its bottled water in 11 provinces in China including Guangdong, Guangxi, Shandong, Heilongjiang, Jilin, Shanxi, Shaanxi, Gansu, Liaoning, Anhui and Sichuan. The Company markets its own product under the brand "Darcunk", supplies purified water to both local and international beverage brands such as Coca-Cola, Uni-President, and Danone, and provides private label bottled water for companies such as Sands Casino, Macau.
China Water & Drinks is embarking on an aggressive growth strategy to enlarge its production capacity and expand its distribution channels. The Company recently acquired Pilpol, a Hong Kong Corporation which owns and operates Nanning Taoda Drink Company, a major bottled water supplier in Guangxi province. Nanning Taoda Drink Company has two production lines and 160 millions liters of annual bottled water capacity. The acquisition increased China Water & Drinks market penetration in Guangxi and enables the Company to further penetrate Guizhou, Sichuan and Yunnan Provinces.
"The market for bottled water in China is rapidly growing as clean water continues to become a scarce resource. In China, seven major water bodies and main lakes are badly polluted and 90% of the rivers flowing through cities failed to meet drinking water standards. This has resulted in unreliable tap water and an increasing number of people demanding bottled water," commented Mr. Xing Hua Chen, Chief Executive Officer of China Water & Drinks. "China Water & Drinks has supplied purified water to Coca-cola for eleven years and has marketed our quality water under the brand Darcunk for over ten years. We intend to expand our bottled water business by building additional capacity, executing an aggressive acquisition strategy and increasing our distribution network throughout China. We look forward to working with CCG Elite in communicating our exciting growth story to investors as we expand our market presence and brand recognition in China."
"China has the largest population in the world; however, water resources in China are only 28% of the world's average. In addition, the market for bottled water is still in its early stages, with a consumption rate per capita of bottled water that is significantly lower than the U.S. and other developed countries. Given the unreliable quality of tap water combined with higher standards of living and the desire for healthier lifestyles, we expect the market demand for bottled water in China to continue growing for some time." commented Crocker Coulson, President of CCG Elite. "We believe that China Water & Drinks is an exciting company with strong growth potential."
About CCG Elite
CCG Elite is uniquely positioned to provide an outsourced, high-level investor relations solution that combines in-depth understanding of Asia's corporate culture and economic scene and a direct pipeline into the leading funds and broker-dealers in the U.S. CCG Elite is a global, full-service investor relations agency with corporate headquarters in Los Angeles and offices in New York City, Newport Beach, Calif., Dallas, Texas, Hong Kong and Beijing. For further information, contact CCG Elite directly, or visit the Company's Web site at http://www.ccgelite.com .
About China Water & Drinks
China Water and Drinks Inc. is a leading producer and distributor of bottled water in China. Through its production facilities in Guangzhou, Zhangjiang, Fexian, Nanning and Changchun, the Company produces and distributes bottled water to 11 provinces in China. The Company markets its own product under the brand "Darcunk", supplies purified water to both local and international beverage brands such as Coca-Cola, Uni-President, and Danone and provides private label bottled water for companies such as Sands Casino, Macau.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: This press release contains certain "forward-looking statements," as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Such factors include, but are not limited to the company's ability to complete product orders, coordinate product design with its customers, ability to expand and grow its distribution channels, political and economic factors in the People's Republic of China, the company's ability to find attractive acquisition candidates, dependence on a limited number of larger customers and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
