The Alkaline Water Company, a US-based producer of alkaline water, has completed the reverse acquisition of all of the issued and outstanding shares of Alkaline Water Corp from its shareholders.
The acquisition was effected pursuant to the terms and conditions of a share exchange agreement dated 31 May 2013. Alkaline Water Corp is the sole shareholder of Alkaline 84.
With this acquisition, Alkaline has started operations using the business plan of Alkaline 84, concentrating on distributing, marketing and selling bottled alkaline water in bulk for retail sale.
The company has appointed Steven Nickolas and Richard Wright as members of its Board of Directors and Nickolas as its president.
Nickolas said: "I'm pleased to help bring forth a new alkaline water product that is both the highest quality and the most cost effective. We feel certain this endeavor will be beneficial to consumers and shareholders alike."
Alkaline 84 is claimed to offer a balanced pH and healthy alternative to other beverages.
