KIAMESHA LAKE, NY, August 29, 2013 -(ACCESSWIRE)- (OTCQB: BRWC). Boreal Water Collection, Inc. is pleased to announce its current lender has accepted an offer from Boreal Water to buy back its commercial loan valued at 2 million dollars for a discounted price of $625,000. After many months of negotiations the lender agreed to write-down 1.375 million dollars. Concurrently Boreal secured a $900,000 asset-based loan with Riverdale Funding, LLC an affiliate of Woodbridge Structured Funding LLC, an LLC from Delaware. Both agreements were signed on August 27th, 2013. Consequently these two transactions will permit Boreal Water to reduce its debt obligation by 1.1 million dollars.
Mrs. Francine Lavoie, President and CEO of Boreal Water enthusiastically stated that these two transactions have significantly improved the company's balance sheet since it reduces the liabilities by 1.1 million dollars while the assets remain the same.
Mrs. Lavoie stated that this will greatly help Boreal Water to spend more resources on its efforts in developing sales and in expanding its distribution of its high end private label bottled water.
About Boreal Water Collection, Inc
Your brand our experience!Boreal Water Collection is a personalized bottled water corporation, specialized in providing premium custom bottled water for your company and customers. Whether it is for publicity, promotion, marketing, internal use or a specific event, Boreal offers fully integrated turnkey service, with prize-winning Boreal private label water, made-to-order labeling, and distinctive water containers. Unlike other competitors, Boreal also has exclusive access to two pristine and abundant springs, one an award winning source deep in the untouched wilds of Canada and the other in the prestigious Catskill Mountains in New York. With exclusive unlimited exploitation rights, Boreal has a confirmed volume in excess of thousands of millions of gallons.
For more information on Boreal Water Collection, please contact us by email us at email@example.com, firstname.lastname@example.org, or follow us at http://www.borealwater.com/ and on the different social media sites such as www.facebook.com/privatelabelbottledwater and www.linkedin.com/in/borealwater.
Safe Harbor Statement:
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, regulatory incentives, the development of new business opportunities, and projected costs, revenue, profits and results operations. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. More information is included in the company's filings with the Securities and Exchange Commission, and may be accessed through the SEC's website at www.sec.gov.
SOURCE: Boreal Water Collection, Inc.
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