Arrowhead Announces First Quarter Financial Results
February 27 2014 - 1:40PM
Marketwired Canada
NOT FOR DISSEMINATION IN THE UNITED STATES OR TO US PERSONS
February 27, 2014. Arrowhead Water Products Ltd. ("Arrowhead" or the "Company")
(TSX VENTURE:AWA) reports its unaudited condensed consolidated financial and
operating results for the First Quarter ended December 31, 2013. For complete
disclosure of the Company's First Quarter financial results and Management's
Discussion and Analysis, please go to www.SEDAR.com and view documents listed
under the Company's name.
The Company previously advised that it completed the sale of substantially all
of its water bottling assets to Ice River Springs Water Co. Inc. ("Ice River")
on March 1, 2013. Since that date, the distribution of 15-litre bottles of water
has been carried on by Ice River under the Arrowhead name. Subject to the
payment of the final installment of the purchase price of $533,400 by Ice River
to the Company, the Company will change its name to reflect its new business and
transfer the Arrowhead trademark and name to Ice River in March, 2014.
On behalf of the Board of Directors of the Company,
Jeffrey Ciachurski, Chairman and Chief Executive Officer
Ross O. Drysdale, Director
READER ADVISORY
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements. The Company has provided
the forward-looking statements in reliance on assumptions that it believes are
reasonable at this time. The reader is cautioned that the assumptions used in
the preparation of the forward-looking statements may prove to be incorrect. All
such forward-looking statements involve substantial known and unknown risks and
uncertainties, certain of which are beyond the Company's control. Such risks and
uncertainties include, without limitation, delays resulting from or inability to
obtain required regulatory approval. The actual results, performance or
achievements could differ materially from those expressed in, or implied by,
these forward-looking statements and, accordingly, no assurances can be given
that any of the events anticipated by the forward-looking statements will
transpire or occur, or if any of them do, what benefits, including the amount of
proceeds, the Company will derive therefrom. Readers are cautioned that the
foregoing list of factors is not exhaustive.
FOR FURTHER INFORMATION PLEASE CONTACT:
Jeffrey Ciachurski
Chairman and Chief Executive Officer
9 Landport, Newport Beach,
California, USA 92660
(949) 903-5906
westernwind@shaw.ca
Ross O. Drysdale
Director
730, 1015 - 4th Street SW
Calgary, Alberta T2R 1J4
(403) 508-6256
ross@drysdalelaw.com
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