A1 Group, Inc. – Acquisition of NYSW Beverage Brands
SCOTTSDALE, AZ / ACCESSWIRE / July 21, 2023 / (OTC MARKETS) - A1 Group, Inc. (the "Company" or "AWON") would like to announce that it has consummated an asset purchase agreement for assets and accounts of NYSW Beverage Brands ("NYSW"), a full scale, water bottling operation in Halcott, New York.
On July 14, 2023, the Company entered into an asset purchase agreement with NYSW whereby it acquired their assets to include a full scale, automated water bottling lines, but has access to unlimited natural spring water under the Vly Mountain located in the Catskills of Upper New York. NYSW operates two current brands: New York Spring Water and Aqua 84 Minerals. As stated in our last release, the Company is retaining the current President of NYSW, Jordan Zakka, for an extended period of time after the official closing in order to ensure a smooth transition of operations and guarantee that their current customers continue to receive their orders in a timely manner. The current NYSW web site is at www.NewYorkSpringWater.com.
CEO, Lloyd Preston Jr. said "The acquisition of NYSW has been consummated and we are already in the process of maximizing the manufacturing operations of this location. We are excited to complete this acquisition as it was our initial goal to acquire an automated water bottle manufacturing footprint in the Northeast. What is exciting about the details of this transaction is we also acquired an unlimited supply of spring water from our own well in the Adirondack Mountains. During the initial week after consummation of the transaction, we have already brought on board two new water bottle clients, and we are currently working on locating and contracting with a major beverage distributor in the Northwest of the United States. As I stated before, the acquisition of the assets of NYSW is the second of the business opportunities we plan on closing over the next 6 to 12 months as we attempt to make a splash in the bottled water market in various regions of the United States. As we continue with the expansion of our manufacturing capabilities in different regions of the United States, we will make the appropriate announcements to the public which will contain updates on which regions we plan on developing and the footprint we will operate in those same said regions."
NYSW, New York Spring Water started with one of the simplest business concepts imaginable: bottling pure spring water from the Catskills and shipping it to areas that need it. Of course, the implementation of any business is never that simple. Richard Zakka, a New York City real estate developer and weekend Catskills resident, had a dream to develop a water-bottling company in the Town of Halcott, using a spring under Vly Mountain that generates billions of gallons of pure Catskills water every year. While obtaining the lease for the spring and land for a processing facility that was necessary to power his business enterprise, Zakka also invented his own twist on the bottled-water market with VBlast, a patented bottled water system that releases flavors, vitamins, and minerals into the water when the consumer twists the cap open. This design ensures that the flavor and vitamins are fresh when the consumer drinks it, giving the fledging company a leg up in a crowded marketplace. In addition to VBlast, New York Spring Water sells a regular bottled-water line without the twist cap; Aqua 84, a line infused with 84 vitamins and minerals from the Himalayas, and VBee, a children's-oriented brand.
Disclaimer Regarding Forward Looking Statements
Certain statements that we make may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand for and pricing of our products, acquisitions and divestitures, anticipated results of litigation and regulatory developments or general economic conditions. In addition, words such as "believes," "expects," "anticipates," "intends," "plans," "estimates," "projects," "forecasts," and future or conditional verbs such as "will," "may," "could," "should," and "would," as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties, and assumptions. Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements. We caution investors not to rely unduly on any forward-looking statements.
A1 Group, Inc. is a Nevada corporation, is a public quoted Pink Sheet OTC issuer under the ticker symbol "AWON" (the "Company"). The Company reports as an alternative reporting issuer with OTC Markets Group, Inc. and is current in its mandatory required filings (e.g., Pink Sheet Current). The Company has acquired assets to become a producer of oxygen-enhanced water products intended to help improve one's health, wellness, and lifestyle. The company's products will be produced were produced using a proprietary O4 molecule that is BPA-free and contained higher oxygen content than regular water and is packed with post-consumer recycled plastic bottles, enabling consumers to increase stamina, improve focus and promote faster recovery. Additionally, the Company plans on becoming a regional co-packer of water products for large clients.
15169 North Scottsdale Road
Scottsdale, Arizona 85254
Company Web Site: www.AwonBeverages.com
Company Email: [email protected]
Contact: Lloyd Preston Jr., President, and CEO
SOURCE: A1 Group, Inc.
View source version on accesswire.com:
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Federal Signal (FSS) Tops Q4 EPS by 8c, provides guidance
- EVOTEK Ranks No. 161 on Inc. Magazine's List of the Pacific Region's Fastest-Growing Private Companies
- Patient Frustration Surges: Americans Struggle with Broken Healthcare System
Create E-mail Alert Related CategoriesAccesswire, Press Releases
Related EntitiesEarnings, Definitive Agreement
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!