Chartmaster
1 day ago
Accredited Solutions, Inc. CEO Issues Shareholder Letter on Company Developments
NEW YORK, NY - (NewMediaWire) - July 25, 2024 - Accredited Solutions, Inc. (OTC: ASII) ("Accredited Solutions" or the "Company"), the parent company of Diamond Creek Water, an ionized alkaline bottled water distributed in major grocery and convenience store chains, has released a letter to its shareholders.
Dear Shareholders,
As we navigate our ongoing reorganization and strategic pivot, I want to reaffirm that shareholder letters will remain our primary means of communication.
1. 1. Partnership with Apokar: We are excited about the significant strides made through our joint venture with Apokar. In a short period, we have seamlessly integrated into their operating and sales channels, facilitating new sales meetings with various retail outlets. Furthermore, substantial progress has been made on the rebranding of Diamond Creek Water, which will be unveiled in the coming weeks. We will provide more details on the new branding soon.
2. Strategic Acquisitions: Our recent agreement with Apokar to expand Diamond Creek Water has led us to shift our focus towards acquisitions in e-commerce and AI marketing. This strategic move is aimed at transforming Accredited Solutions into a robust e-commerce entity, diverging from our roots as a manufacturer and distributor. We are currently in discussions with potential M&A advisors and plan to establish an Advisory Board comprising experts in e-commerce, marketing, and logistics. Our acquisition targets will be profitable firms that exhibit explosive growth or offer direct synergies with our business model.
3. Convertible Debt Restructuring: We have successfully settled all outstanding convertible debt obligations with 1800 Diagonal (also Geneva Roth and Power Up). Additionally, we have reached a preliminary agreement with the remaining convertible debt holders to restructure the remaining debt, and we expect to finalize this agreement shortly.
We are now firmly on a new path towards reorganization, with a renewed focus on strategic acquisitions. The time to elevate Accredited Solutions to new heights is now, and our management team, along with our investor group, is dedicated to making this vision a reality.
Sincerely,
Eduardo Brito, CEO
Relevant Links:
https://www.diamondcreekwater.com
https://www.apokar.com/
Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and the company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
Accredited Solutions, Inc. Contact:
contact information:
info@diamondcreekwater.com
Follow Us on:
X (Twitter): @asii_Inc
Source:
Accredited Solutions, Inc.
https://www.diamondcreekwater.com
https://www.otcmarkets.com/stock/ASII/news/story?e&id=2927731
Chartmaster
4 weeks ago
Accredited Solutions, Inc. Signs MOU With Apokar Investment for Strategic Investment and Distribution Partnership in Diamond Creek Water
NEW YORK, NY - (NewMediaWire) - June 27, 2024 - Accredited Solutions, Inc. (OTC: ASII) ("Accredited Solutions" or the "Company"), announces execution of MOU for distribution and strategic investment with search fund and start up incubator, Apokar Investment Group, LLC.
The agreement calls for a progressive investment in marketing, distribution, and strategic sales efforts for its flagship alkaline water products, Diamond Creek Water.
"As the interim management team, our primary mission was to rebuild trust with our suppliers, distributors, and, most importantly, our customers. Our ultimate goal, however, was to position the company for a seamless transition to a strategic partner with the expertise and networks to amplify our reach. This executed MOU lays the groundwork for a powerful alliance that will propel Diamond Creek Water to mass distribution far faster than we could achieve alone. We are thrilled about this partnership, not only for its potential to drive substantial growth for our subsidiary but also because it allows management to pursue other expansion opportunities, such as acquisitions and additional partnerships. That's where our efforts will now be focused on," said Eduardo Brito, CEO.
Apokar's incubator support for this investment will include the leadership of Shawn Heitz as the Operating Partner. Shawn has built scalable capabilities and delivered significant growth impact for some of the world's leading brands. With his experience in finance & strategy leadership roles in public companies, private equity portfolio companies, and serving clients at McKinsey & Company, he is the right person for the job. He was a key contributor to significant growth in enterprise value of Snyder's-Lance snack company - including strategic growth support for brands such as Snyder's of Hanover(R) pretzels, Lance(R) sandwich crackers, and Cape Cod(R) kettle chips. He has grown numerous privately-held brands from entrepreneur-level to mass market and is excited to support the next phase of growth of Diamond Creek Water.
"Partnering with Diamond Creek Water marks a significant milestone for Apokar Investment Group. We are excited to align our resources and expertise with such an innovative brand in the alkaline water market. This collaboration highlights our commitment to fostering growth and driving impactful outcomes as a search fund. Together, we are poised to unlock new opportunities and redefine standards in marketing, distribution, and strategic sales for the brand. Our shared vision and synergies position us for success, and we look forward to a prosperous journey ahead," said John Wiesehan III, Managing Partner at Apokar Investment Group, LLC.
About Apokar Investment Group:
Apokar Investment Group is a dynamic and forward-thinking investment firm with a unique focus on fostering entrepreneurial talent and driving innovation. Comprising a diversified portfolio spanning various industries, Apokar specializes in identifying promising ventures and providing them with the necessary resources and support to thrive.
At the heart of Apokar's strategy is its commitment to two key pillars: the search fund model and startup incubation. Through its search fund, Apokar actively seeks out and invests in talented entrepreneurs and promising business opportunities. Meanwhile, Apokar's startup incubator provides early-stage companies with the guidance, mentorship, and operating resources needed to navigate the complexities of the market and accelerate their growth trajectory.
With a hands-on approach and a collaborative ethos, Apokar works closely with its portfolio companies to drive value creation and strategic growth initiatives. By leveraging its extensive network, industry expertise, and access to capital, Apokar is dedicated to cultivating a culture of innovation, resilience, and success.
Sincerely,
Eduardo Brito
CEO
Relevant Links:
https://www.diamondcreekwater.com
https://www.apokar.com/
Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Accredited Solutions Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
Accredited Solutions, Inc Contact:
contact information:
info@diamondcreekwater.com
Follow Us on:
X (Twitter): @asii_Inc
Source:
Accredited Solutions, Inc.
https://www.diamondcreekwater.com
https://www.otcmarkets.com/stock/ASII/news/story?e&id=2903104