Boreal Breaking Out on AM News!
Investor News Source has been following new developments coming from Boreal Water Collection, Inc (OTCMKTS:BRWC) for the past 2 weeks. This morning just prior to the opening bell, Boreal announced major news regarding expanded distribution in China for the company’s “Baby Water” product line. The Company landed a large distribution agreement with COFCO, the largest supplier of diversified products and services in the agricultural products and food industry in China and received from them the first order for 10 containers of Boreal Baby Water.
“This international opportunity with Boreal Baby Water is another major milestone for the company, it is overwhelming to see our line of Boreal Baby Water on the shelves of a strong and well positioned importer in China as COFCO,” said Francine Lavoie, President & CEO of Boreal Water Collection Inc. “We’re thrilled that our superior Boreal Baby Water fits the product profile that meets COFCO’s commitment of offering only the healthiest products and ingredients to their customers. In light of China’s economic growth, we feel that this opportunity will bring value to our shareholders.”
As cited earlier this month, a new report by Transparency Market Research shows that China is the most active market worldwide for bottled water. Asia Pacific dominated the global bottled water market and accounted for 33% of the global demand valued at approximately $157.27 Billion in 2013. In the coming six years, Asia Pacific is expected to remain the most promising market, with an estimated compound annual growth rate of 10.5% in terms of revenue from 2014 to 2020. The market is expected to reach $279.65 billion by 2020.
With the incredible amount of attention that has built over the last few weeks Boreal has come into a trend of its own and already saw early morning highs of $0.0228 marking a rally of 82% from Monday’s opening bell. In addition to today’s announcement, Boreal also released news earlier this week that it has officially completed its $24M deal with SOHO Corp (another Chinese distribution company) as well as reported on its second quarter results to highlight increased sales. To this end, we are continuing to monitor the progress of Boreal and its continued developments.
For a full report on Boreal and to be placed on the list to receive our next “undiscovered” company, you can subscribe here: