Arrowhead Water Products Ltd.
TSX VENTURE : AWP.A

Arrowhead Water Products Ltd.

September 09, 2008 12:57 ET

Arrowhead Water Announces Appointment of Director and Granting of Options

CALGARY, ALBERTA--(Marketwire - Sept. 9, 2008) - The Board of Directors of Arrowhead Water Products Ltd. ("Arrowhead" or the "Company") (TSX VENTURE:AWP.A) is pleased to announce that Frank Marasco of Calgary, Alberta has been appointed to the Board of Directors of the Company effective August 22, 2008. Mr. Marasco has extensive public company experience, has served and is serving on boards of public companies and is currently the President and Chief Executive Officer of West High Yield (W.H.Y.) Resources Ltd. Mr. Marasco will also serve on the Audit Committee and Compensation and Governance Committee of the Company.

Arrowhead also announces that the Company's Board of Directors approved the granting of 300,000 stock options to Mr. Marasco on Friday, September 5, 2008, subject to regulatory and TSX Venture Exchange approval. The options were issued with an exercise price of $0.20 per share and have a five year term with standard vesting provisions.

About Arrowhead Water

Arrowhead Water is Canada's largest Canadian owned, publicly traded water company which is engaged in the production, sale and distribution of large format (15 and 18.9 litre) bottled drinking water. Arrowhead produces and delivers bottles of reverse osmosis, distilled and natural spring water to the Western Canadian retail and wholesale market. Arrowhead remains committed to continually improve its level of service to its customers and to provide positive returns to its shareholders.

READER ADVISORY

This press release includes forward-looking statements and assumptions respecting the Company's strategies, future operations, expected financial results, financial sources, commodity prices, costs of production and quantum of oil and natural gas reserves and discusses certain issues, risks and uncertainties that can be expected to impact on any of such matters. By their nature, forward-looking statements are subject to numerous risks and uncertainties that can significantly affect future results. Actual future results may differ materially from those assumed or described in such forward-looking statements as a result of the impact of issues, risks and uncertainties whether described herein or not, which the company may not be able to control. The reader is therefore cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any intention or obligation to update or revise these forward-looking statements, as a result of new information future events or otherwise.

Issued and Outstanding Shares: 30,832,530

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Arrowhead Water Products Ltd.
    Donald W. Wood
    President and Chief Executive Officer
    (403) 692-8259
    (403) 243-1485 (FAX)
    Email: dwood@arrowheadwater.ca
    or
    Arrowhead Water Products Ltd.
    Russell Rogers
    Vice-President and General Manager
    (403) 692-8260
    (403) 243-1485 (FAX)
    Email: rrogers@arrowheadwater.ca
    or
    Arrowhead Water Products Ltd.
    5730 Burbank Road SE
    Calgary, Alberta T2H 1Z4