Arrowhead Water Products Ltd.
TSX VENTURE : AWA

Arrowhead Water Products Ltd.

August 15, 2013 16:05 ET

Arrowhead Water Products Releases Third Quarter Financial Results

CALGARY, ALBERTA--(Marketwired - Aug. 15, 2013) - Arrowhead Water Products Ltd. ("Arrowhead" or the "Company") (TSX VENTURE:AWA) reports its unaudited condensed consolidated interim financial and operating results for the three and nine month periods ended June 30, 2013. For complete disclosure of the Company's Third Quarter financial results, please go to www.SEDAR.com and view documents listed under the Company's name.

The Company also advises that it has completed the sale of its water business and is in the process of winding up that business subject to paying out certain outstanding payables and the receipt of royalties and the last installment of the purchase price from the purchaser which is in the amount of $533,400 and is due and payable by the purchaser to the Company on January 7, 2014. In the interim, the Board is reviewing various strategic alternatives for the Company and plans to continue the Company as a publicly traded company on the TSX Venture Exchange with a new business.

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.

14,492,229 Common Shares Issued

Contact Information