SHENZHEN, China, Oct. 17 /Xinhua-PRNewswire-FirstCall/ -- China Water and Drinks Inc. (OTC Bulletin Board: CWDK) announced today that it has applied for the listing of its common stock on the American Stock Exchange.
The Company’s common stock will not begin trading on the American Stock Exchange until the Company has been approved by the American Stock Exchange and satisfied all applicable regulatory requirements and listing standards. Although the Company has made a formal request to begin the application process by filing its request today, the Company is unable to make any assurance about the outcome or timing of the approval process.
Mr. Xing Hua Chen, CEO of CWDK, commented, "We are excited about pursuing a listing for our common stock on the American Stock Exchange at this time. We believe that a listing on the American Stock Exchange will increase our visibility, strengthen our shareholder base and enhance shareholder value."
About China Water and Drinks Inc.
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, Shenyang and Changchun, the Company produces bottled waters and distribute to 11 provinces in China under its own brand "Darcunk". The Company also supplies water to local and international beverage brands including Coca-Cola and Uni-President.
Disclaimer Regarding "Forward-looking Statements"
Certain of the statements set forth in this press release constitute "Forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "project," "plan," "will," "should," "could," "would," or words or expressions of similar meaning. Such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company’s reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company’s estimates as of the date of the press release, and subsequent events and developments may cause the Company’s estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company’s estimates of its future financial performance as of any date subsequent to the date of this press release.
For more information, please contact:
Investor Relations
Joe Chan
Tel: +852-9130-0700
