The Alkaline Water Company Announces Strategic Equipment Acquisition Letter of Intent

Core Viewpoint - The Alkaline Water Company has signed a Letter of Intent for a strategic equipment acquisition, which will involve the issuance of 34 million shares of Common Stock subject to a 12-month lock-up period, aimed at enhancing production capabilities and operational efficiency while preserving cash [1][2][3]. Group 1: Transaction Details - The proposed transaction involves a strict 12-month holding period for the shares, ensuring no immediate impact on the Company's public float or trading dynamics [2][7]. - The acquisition is expected to yield cost savings and operational improvements of up to $2 million in the first year of operations, enhancing the Company's production capabilities [3]. Group 2: Implementation and Future Plans - Following the completion of due diligence and securing a facility lease, the Company anticipates closing the transaction and implementing equipment integration within a rapid 30-day timeline [3]. - This acquisition is intended to complement a recent inventory agreement, positioning the Company for improved operational efficiency and cost control [3]. Group 3: Company Overview - The Alkaline Water Company is known for its product Alkaline88, which is a purified alkaline water enhanced with Himalayan rock salt, designed for a smooth taste [4].