Arrowhead Water Products Ltd.
TSX VENTURE : AWA

Arrowhead Water Products Ltd.

February 27, 2014 15:40 ET

Arrowhead Announces First Quarter Financial Results

CALGARY, ALBERTA--(Marketwired - Feb. 27, 2014) -

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.

Contact Information

  • 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