SOURCE: Aquagold International, Inc.

April 22, 2008 11:14 ET

AQUAGOLD International, Inc. (PINKSHEETS: AQUI) Issues CEO's Statement to Shareholders

LAS VEGAS, NV and MONTREAL--(Marketwire - April 22, 2008) -


Attention AQUAGOLD shareholders,

In light of recent changes in our company including restructuring of our board I would like to bring shareholders up to speed on where we stand. We are pleased to confirm that we are now in execution phase of the recently announced contract having finalized all details relevant to payment and logistics.

We have chosen to retain the services of Ernst&Young to audit company financials and are assured that this choice is the best suited for our growing international business.

We have chosen to retain the services of Spiegel and Sohmer as company legal counsel and consider that the firm's expertise and experience will be a valuable asset for us at the present time and in the future.

We have completed a total redesign of our products' packaging. Every aspect has been rethought (bottle, label, cap and box). This work is a result of collaboration between Canadian and Chinese partners and we are confident that it reflects the spirit of our Company. Our new look embodies the purity and simplicity of nature with an accent on traditional Canadian elements truly representative of our products' highest level of quality.

We have taken our time to build a proper foundation for our company both in China and in Canada. We have shed unnecessary components and have progressively incorporated elements that will enhance the value of our company from both the operations standpoint as well as the shareholder's. The AQUAGOLD team wishes to offer a maximum of transparency and rely on fact rather than projection to explain details of our exciting business. We encourage you to attend our upcoming investors meeting where you will meet our united team that has made itself available to answer your queries. We have complete confidence in the success of our product in China and wish to proudly display to you the results of our team's hard work.

Sincerely,

Daniel Sauvé
President & C.E.O.
AQUAGOLD INTERNATIONAL INC.

About AQUAGOLD International, Inc.

AQUAGOLD International, Inc. (PINKSHEETS: AQUI) has developed a national network of retailers and points of sale in preparation for the highly anticipated launch of its line of premium spring water products in China. In 2005, sales of bottled water in China experienced strong growth of 16% (litres) and 15% (RMB/$) to reach 11.2 billion litres and RMB24.1 billion or $3.17 billion USD in volume and current value terms.

AQUAGOLD is actively pursuing additional growth and is focused on growing market share in China as well as the rest of Asia, and the Company anticipates even more substantial opportunities in the near future as the Chinese capital city of Beijing hosts the 2008 Olympic Summer Games.

About Eric David & Sons, Inc.

Specializing in investor relations, Eric David & Sons, Inc is a financial management, marketing and consulting firm that retains as clients only those who are perceived to offer unusual products or services with the potential to command a dominant position in their respective industry/marketplace and publicize companies with unique products services offerings whose stock is undervalued in relation to their long-term earnings potential.

Forward-Looking Statements

This news release contains forward-looking statements made by AQUAGOLD INTERNATIONAL, INC. in reliance upon the safe harbour provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward-looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events.

Contact Information

  • Contact
    Eric David & Sons, Inc
    Investor Relations / Public Relations
    Steven Weiss
    609-529-3671
    Email Contact

    Or

    AQUAGOLD International, Inc.
    Daniel Sauvé, CEO
    514-886-9079