In Ovations Holdings, Inc. (OTC Pink: INOH) through its subsidiary, Electro Verde, Inc., manufacturers and markets water filtration systems. Shares of the water filter maker are jumping 50%, through early trading on Tuesday, May 2, 2017. Over the past month, In Ovations Holdings, Inc. has seen average daily volume of 162.86 million shares. However, volume of 207.73 million shares or dollar volume of $62,319, has already exchanged hands on Tuesday.
Shares of In Ovations Holdings, Inc. are surging Tuesday, after the company announced it has signed two multi-million dollar marketing distribution agreements. The deals were signed with Seychelle Water Environmental Technologies and Aquarius Brands, in which, In Ovations Holdings, Inc. will get its water filtration systems to big box stores within the United States, Latin America, Caribbean, and more. Here is the full press release detailing of the marketing distribution agreements:
In Ovations Holdings, Inc. Press Release:
NEW YORK, NY — (Marketwired) — 05/02/17 — In Ovations Holdings, Inc. (OTC PINK: INOH) Closes on two Multi Million dollar marketing distribution agreements. In Ovations Holdings, Inc. is happy to announce that it has closed on the marketing distribution agreement with Seychelle Water Environmental, which is currently doing multi million dollars in sales per year after a strategic revamping of management and plans to roll out our water filtration bottle through a major box store in the United States to be announced. Our executed agreement includes but is not limited to the Caribbean, Central America, Europe, Africa as well as Colombia, Ecuador, Paraguay and Brazil. Our subsidiary Electro Verde is also doing the necessary valuation and valuable consideration of the potential customers through its management in the Dominican Republic to achieve and execute these initiatives.
Aquarius Brands is now selling the Aquaboy Pro II in Walmart, Target, The Home Depot, Amazon, Super Green Stores, Unbelievable Sale and others. They are also on target to do more than a million dollars in sales this year. We are also in the process of selling our products in other countries through our Latin American Distribution sources.
Mark Goldberg, CEO of In Ovations Holdings, Inc. stated, “I am very pleased with the new direction of the company’s future. We are working tirelessly on bringing new and enhanced value to the company and our shareholders. We will have the breakdown of all of the numbers in our June financials.”
We will continue to update our shareholders as our business plans unfold.
AWS, a wholly owned subsidiary of Aquarius Brands™ a group of companies specializing in water generation, conservation and education for homes, businesses, hotels, restaurants, schools, utility companies and more. Aquarius Brands™ products include AWS AquaBoy® air to water generators™, Boomerang™ high-capacity compact bottling machines™, Retrax solar solutions™ and DroughtBuster™ water saving devices.
In Ovations Holdings, Inc. through its subsidiary, Electro Verde Inc., entered into a marketing distribution agreement with Seychelle Water Environmental Technologies, Inc. which manufactures and supplies revolutionary water filtration systems featuring breakthrough technology, most notably, Ionic Adsorption Micro Filtration. Seychelle is a prominent company in the fast-growing water filtration industry, who markets a complete line of top-quality portable water filtration products and brands in North America and worldwide. The company is a minority owner of Atmospheric Water Solutions, (Aquarius Brands) a company involved in water purification. The Company is also engaged in identifying and engaging in other business opportunities for purposes of diversification and revenue generation.
Safe Harbor Statement:
Under the Private Securities Litigation Reform Act of 1995: This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management’s current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.