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AQUAGOLD International, Inc. (PINKSHEETS: AQUI) Announces Sales Contract With Lianhua Supermarket Holdings Co., Ltd., Owners of China's Largest Retail Chains LAS VEGAS, NV and MONTREAL--(MARKET WIRE)--Apr 4, 2008 -- AQUAGOLD International, Inc.
(Other OTC:AQUI.PK - News) today is proud to announce that China's
largest
supermarket chain and largest "fast-moving" consumer goods
chain, LIANHUA
Supermarket Holdings Co., Ltd. (www.lhok.com.cn),
has been introduced into
AQUAGOLD's products network of sales. LIANHUA Supermarket,
established in
1991 in Shanghai, rapidly grew to over 3700 points of sale,
excluding
outlets operated by associated companies, spanning 20 provinces
and
municipalities across China. LIANHUA Supermarket and its
subsidiaries
operate three main types of retail outlets, namely hypermarkets,
supermarkets and convenience stores, catering for the diverse
needs of
consumers. The three retail forms continue to expand and
develop under the
brand names of "Century Mart," "LIANHUA Supermarket" and
"LIANHUA Quik." Daniel Sauve, AQUAGOLD's President and CEO, says, "This is the beginning of the previously announced sales contracts starting to unfold before us. Today marks the commencement of an exciting time and growth stage in AQUAGOLD's history." About AQUAGOLD International, Inc. AQUAGOLD International, Inc. has developed a national network of retailers and points of sale in preparation for the highly anticipated launch of its line of premium spring water products in China. In 2005, sales of bottled water in China experienced strong growth of 16% (liters) and 15% (RMB/$) to reach 11.2 billion liters and RMB24.1 billion or $3.17 billion USD in volume and current value terms. AQUAGOLD is actively pursuing additional growth and is focused on growing market share in China as well as the rest of Asia, and the Company anticipates even more substantial opportunities in the near future as the Chinese capital city of Beijing hosts the 2008 Olympic Summer Games. About EricDavid & Sons, Inc. Specializing in investor relations, EricDavid & Sons, Inc is a financial management, marketing and consulting firm that retains as clients only those who are perceived to offer unusual products or services with the potential to command a dominant position in their respective industry/marketplace and publicize companies with unique products services offerings whose stock is undervalued in relation to their long-term earnings potential. Forward-Looking Statements This news release contains forward-looking statements made by AQUAGOLD INTERNATIONAL, INC. in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward-looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events. Contact: Contact
EricDavid & Sons, Inc
Investor Relations / Public Relations
Steven Weiss
609-529-3671
Email Contact
or
AQUAGOLD International, Inc.
Daniel Sauvé
CEO
514-886-9079
Source: AQUAGOLD International, Inc.
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