Boreal Water Revenue Projected Increase of 25% Along With New Acquisition Plans on the Horizon
12 Jun 2014 --- "I am pleased to report that in 2013, Boreal Water achieved record operating earnings per share with year-end revenues of $2.1M. Since the beginning of the current year, 2014, Boreal Water has had approximately $1M in revenue, with projected revenues exceeding $2.7M for the year-end, putting us well on track to our 2015 Road Map objective of at least $5M in revenue. Importantly, we continued to deliver value to you, our owners.
This performance is a testament to our strategic position and capabilities, the discipline of our management systems, and the acceptance of our quality production. Importantly, it reflects the impact of a distinct choice we have made about Boreal's business and marketing model.
Boreal Water is an innovative company, both in what we do and in how we do it. We pursue continuous transformation -- always remixing to higher value in our portfolio and skills, in the capabilities we deliver to our clients and in our own operations and management practices. Recently we have engaged new auditors with expectations to bring current our SEC reporting obligations in the very near future with a listing on the OTCQB, as well as have funding commitments for future acquisitions to meet the demands of our clients and increase productivity, revenues and profitability.
This is not the only path to success in our industry, and it is not the easiest one. This has been a very challenging year for Boreal Water in terms of change and growth. The company has been able to resolve SEC reporting issues, property procurement issues, and has established a funding partner; while continuing to demonstrate growth in revenues.
As a Board, we are always mindful of the duties we owe to the Company's shareholders and key stakeholders to ensure the Company has the right people, systems and processes in place to manage risk and deliver the Group's agreed strategy. As Boreal's business objectives continue to progress, this is even more important. As Chairman, I am responsible for ensuring that the Board operates effectively with well-informed directors asking the right questions and setting the right tone from the top. Boreal is working hard to achieve our goals with increasing value and equity for all of our shareholders," stated Francine Lavoie, CEO and Chairman of the Board.
