Alkaline Water announces strategic equipment acquisition LOI

The Alkaline Water (WTER) Company announced the signing of a Letter of Intent, LOI, with FZA Note Buyers for a strategic equipment acquisition proposed to be fulfilled through the issuance of 34,000,000 shares of Common Stock subject to a 12-month lock-up period. “This Letter of Intent for strategic equipment acquisition represents another potential milestone in our company’s transformation,” said Ricky Wright, CEO of The Alkaline Water Company. “Through vertical integration and improved operational efficiencies, we project cost savings and operational improvements up to $2 million during the first year of operations. The proposed transaction would secure essential production equipment through a share-based structure with a 12-month restriction period, potentially improving our operational capabilities while maintaining our strengthened cash position.”