The Alkaline Water Company Announces Filing of OTCQB Uplisting Application

Core Viewpoint - The Alkaline Water Company is pursuing an uplisting to the OTCQB market tier, which is expected to enhance market maker participation and improve trading efficiency, ultimately benefiting shareholders through better liquidity and price discovery [2]. Group 1: Uplisting and Market Strategy - The filing of the OTCQB application is a transformative step in the company's capital markets strategy [2]. - Approval of the application will allow the company to leverage the SEC's modernized Rule 15c2-11 framework, facilitating enhanced market maker participation without a 30-day waiting period [2]. - The company aims to reestablish itself as the leading independent alkaline water company in the U.S. [2]. Group 2: Operational Transformations - The company has achieved several historic milestones, including signing a Letter of Intent (LOI) for equipment acquisition, which is expected to yield up to $2 million in annual cost savings [2][3]. - Secured$1.5 million in essential inventory, improving the projected cash position by $1.2 million through June [3]. - Enhanced quality control and operational efficiency are being pursued through direct manufacturing capabilities [3]. Group 3: Corporate Governance and Transparency - The company has strengthened its corporate governance by appointing two independent directors with extensive business and financial expertise [3]. - Completed a PCAOB audit and implemented enhanced market transparency measures [3].