Arrowhead Water Products Ltd.
TSX VENTURE : AWP.A

Arrowhead Water Products Ltd.

May 26, 2009 18:55 ET

Arrowhead Water Announces Second Quarter Financial Results

CALGARY, ALBERTA--(Marketwire - May 26, 2009) - Arrowhead Water Products Ltd. ("Arrowhead" or the "Company") (TSX VENTURE:AWP.A) reports its interim unaudited consolidated financial results for the three and six month period ended March 31, 2009. For complete disclosure of Arrowhead's second quarter financial results and Management's Discussion and Analysis ("MD&A"), please go to www.SEDAR.com and view documents listed under Arrowhead Water Products Ltd.

The Company also announces that it has received conditional approval from the TSX Venture Exchange for the cancellation of all previously issued options still outstanding in order to re-price and grant options to management, employees, directors and consultants. Options are a key component of the Company's benefit and compensation program which is designed to attract and retain employees. The Company issued 3,000,000 options with a five year term at an exercise price of $0.10 to management, employees, directors and consultants, subject to disinterested shareholder approval at the Company's next annual meeting.

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 may include 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

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)
    Email: dwood@arrowheadwater.ca
    or
    Arrowhead Water Products Ltd.
    5730 Burbank Road SE
    Calgary, Alberta T2H 1Z4