Eco-Growth Strategies, Inc. Announces Merger Agreement to Acquire Hawaiian Springs Water in Hilo, HI
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HONOLULU, March 12, 2025 /PRNewswire/ -- Eco-Growth Strategies, Inc. (OTC PINK: ECGS), a leading bottler specializing in purified and spring water, announced today that it has executed a merger agreement to acquire all assets of Hawaiian Springs Water Company (HSW). The plant is situated on approximately 7 acres of leased facilities near Hilo, HI. The main bottling facility is approximately 33,000 square feet, which includes warehousing. The plant facility also includes a solar farm (PV) providing an alternative power source to the existing power facilities. The acquisition, valued at $4.5 million, is contingent on successful due diligence and the company's planned uplisting to a senior exchange by the end of Q2 2025. ECGS is actively working to meet the necessary requirements to complete both the uplisting and the transaction.
Hawaiian Springs Water, founded over 20 years ago, is a well-established brand with a presence in approximately 20,000 locations across Hawaii and mainland USA. The brand generates approximately $4 million in annual revenue, with distribution in grocery and retail outlets as well as online platforms.
W.J. (Bill) Delgado, CEO of ECGS, stated, "This acquisition enhances our Hawaiian Isles Water brand by adding a premium spring water product sourced from the pristine lava rock formations of the Big Island. With strategic investment in plant infrastructure and bottling equipment, we anticipate increased demand and expanded market opportunities."
About Eco-Growth Strategies, Inc.
Eco-Growth Strategies, Inc. is a restructured and growth-focused bottler specializing in purified and natural spring water. With a focus on the Hawaiian Islands, Asia, and North America, ECGS is committed to utilizing advanced sourcing, manufacturing, and packaging methods to deliver the highest quality water products. For more information, check out https://hawaiianisleswater.com and https://hawaiianspringswater.com.
SAFE HARBOR ACT
Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Lewis Cohen
l.cohen@hawaiianisleswater.com
925-260-6434
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SOURCE Eco-Growth Strategies, Inc.
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