TIGER, Ga., March 20, 2013 /PRNewswire/ -- Expert Group, Inc. (OTC Pink: EXPU) and American Premium Water Corporation (APWC), today announced that their respective Boards of Directors have passed resolutions allowing the organizations to consolidate. The plan will allow EXPU and APWC to operate as a single organization under the stock symbol EXPU.
According to the EXPU and APWC, the consolidation significantly enhance the value and transparency of the company. Effective immediately the previous announced licensing deal is terminated. As part of the consolidation EXPU will own 100% of all rights to Pleasant Springs Farm including Land purchase rights, Business rights and bottling rights as per the agreement with Pleasant Springs Farm and APWC.
The Consolidation of EXPU and APWC will better position the new organization to:
- Capitalize on growth in the demand for Pleasant Springs Water
- Ownership rights to Pleasant Springs Farm
- Achieve the goals and objectives of EXPU
- Provide resources for secured lending, business lines and credit facility
- Increase public awareness about EXPU and APWC
- Secure growth opportunities and increase Shareholder value
The Opening of the ONLINE STORE has the following direct benefits:
- DIRECT SALES
- RETAIL PROFIT MARGINS
- ESTABLISHES BRAND AWARENESS
- Easy to buy
The consolidated organization will of all specialties, enhancing and increasing operational efficiencies.
"EXPU is excited at the prospect of combining forces with APWC. Therefore, Aligning our organizations gives us the ability to speak and advocate with one collective voice," said Al Culbreth, CEO. "There has never been a better time for the consolidation of our organizations.
The water industry is at the center of the national agenda a vital part of the solution to the health crisis facing our country today."
"All due diligence has been completed, our combined strengths will result in an organization that is stronger and better than ever," said Mr. Culbreth. "On other company advances we are proud to announces that we launched our online store. We would like to thank our shareholders for their support and could not have done it without you," Mr. Culbreth continues. "In the coming week we begin to freight our order across the nation. We are working on a national campaign to increase our sales online. Once again we would like to say thank you to our past, present and future shareholder's."
About Expert Group Inc. dba Pleasant Springs Inc.
Expert Group, Inc. bottles and distributes pure mountain spring water under the brand Pleasant Springs. Headquartered in Tiger, GA since inception in 1995, the water has been available in 48 states and chosen thru 3 presidential terms as the premium water for the White House. The company offers high altitude, alkaline water in an all natural glass container and is designated as a premium brand by the Georgia Department of Agriculture.
This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information included in this Press Release including such forward-looking statements.
This press release is issued on behalf of the Board of Directors by Alfred Culbreth, CEO and Director.
175 Pleasant Place Rd.
Tiger, GA 30576
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SOURCE Expert Group, Inc.