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Watertowne International Inc.
Announces Year to Date Sears Water Franchise Sales and Revenues of C$765,000
CALGARY, ALBERTA, Jun 10, 2004 (CCNMatthews via COMTEX) -- Watertowne
International Inc. ("Watertowne"; "the Company") announced today year to
date sales of 12 new Watertowne franchises licensed as Sears Premium Waters
for an aggregrate of C$765,000 in Company revenue. Added to those already
operating under the Watertowne banner, the total number of active Company
franchises is now 22.
As previously announced, the Company entered into an Agreement with Sears
Canada, Inc and Sears Roebuck, Inc. January 2004 to bottle and distribute a
proprietary brand of water for the home delivery market. Watertowne, granted
the use of the Sears Trademark, is, as of such date, the exclusive national
distributor of Sears Premium Waters, producing and selling in the 18.9-liter
(US 5 gallon) spring water and reverse-osmosis purified water category, via
its franchised distribution system.
Sears, Canada's largest retailer, offers goods and services to its customers
through its many mediums: general merchandise retail stores, specialty
stores, catalogues, selected direct marketing media, website and the Sears
HomeCentral Program, the division Sears Canada manages Sears Premium Waters.
Roy Lewis, Watertowne's President and CEO commented, "The alliance of
Watertowne's strength of business model and inherant consumer service
integrity of the Sears brand has proven itself truly a winning combination.
We're very pleased with the new franchise sales and revenues generated thus
far this year and anticipate that the franchises - noted as one of the
fastest expansion rates in Canada - will continue to grow at the same, if
not a greater, pace. We very much look forward to Watertowne leading the
home delivery industry both in numbers of Sears Water franchises sold and
customer praise and satisfaction."
Watertowne International Inc.
Watertowne International Inc is an innovative and progressive company
focused on the rapidly growing bottled water home delivery market. The
Company has developed strength and ability in product distribution by
capitalizing on technology, database marketing and franchising. Consumer
reach and brand value has expanded to include the trusted name of Sears via
marketing quality bottled water under the 'Sears Premium Water' label.
Watertowne International Inc. shares trade on the Toronto Venture Exchange
under the trading symbol 'WI'.
Sears Canada Inc.
Sears Canada Inc. is a prominent retail department store chain and catalogue
sales corporation celebrating 50 years of continuous service to Canadians.
The Sears 'HomeCentral' division, with whom the Watertowne deal is
established, provides home improvement, decorating, product repair services
to Canadians, from coast to coast.
Forward-Looking Statements
Statements made in this press release that relate to future performance or
financial results of the Company are forward-looking statements which
involve uncertainties that could cause actual performance or results to
materially differ. Watertowne undertakes no obligation to update any of
these statements. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as to the date hereof.
Watertowne International Inc. (Corporate)
Roy Lewis
President and CEO
(403) 723-0360
(403) 723-0361 (FAX)
Email: ir@watertowne.com
or
Watertowne International Inc. (Franchising opportunities)
Blair Crawford
VP, Marketing (New Brunswick, Canada)
1-877-WATTOWN (928-8696)
(506) 548-8083 (FAX)
Email:
franchiseinfo@watertowne.com
Website: www.watertowne.com
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