Arrowhead Water Products Ltd.

Arrowhead Water Products Ltd.

November 12, 2010 09:00 ET

Arrowhead Water Announces Expansion of New 15 Litre Pet Business

CALGARY, ALBERTA--(Marketwire - Nov. 12, 2010) -


Arrowhead Water Products Ltd. (TSX VENTURE:AWA) ("Arrowhead" or the "Company") announces that the Company continues to increase sales in its new innovative environmentally friendly 15 litre PET large format water channel. The Company packages spring, drinking and pure distilled water in the new 15 litre bottle which is produced at its Edmonton plant. The Company's key market is to focus on grocery chains and big box stores located in Western Canada. Currently, the Company is operating one Siapi Blow Moulding machine in its Edmonton facility and the Company plans to move its second Siapi machine into a new high growth market in Western Canada. The retailers in Western Canada are moving more and more into large format single use 15 litre PET bottles which are one way and 100% Bisphenol A free (BPA). The food service market is another growing channel for these new innovate single use PET bottles which are 100% recyclable. Consumers may return the empty bottles to any bottle depot in Alberta. Another key selling feature is the bottle deposit is only $0.25 instead of the $10.00 deposit that is found on the older 5 gallon (18.9 litre) polycarbonate bottles which are slowly being phased out by retailers. The new PET bottles are fully compatible with any water cooler on the market today and can be found at most major retailers in Alberta.

Arrowhead also advises that on October 22, 2010, the Company's Board of Directors approved the granting of 975,000 stock options to officers, directors, employees and consultants of the Company, subject to regulatory and TSX Venture Exchange approval. The options were issued with an exercise price of $0.10 per share and have a five year term.

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 bottled drinking water (including the new one-way environmentally friendly bisphenol A free 15 litre PET bottle and traditional 18.9 litre (5 gallon) bottle). Arrowhead produces and delivers bottles of natural spring, reverse osmosis and pure distilled water to the Western Canadian retail and wholesale market. The Company remains committed to continually improve its level of service to its customers and to provide positive returns to its shareholders.

Issued and Outstanding Shares: 14,492,229

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.

Contact Information

  • Arrowhead Water Products Ltd.
    Donald W. Wood
    President and Chief Executive Officer
    (403) 692-8259
    (403) 243-1485 (FAX)
    Arrowhead Water Products Ltd.
    5730 Burbank Road SE
    Calgary, Alberta T2H 1Z4