, October 1, 2014 /PRNewswire
CocoAkvo Ltd. (GXG: COCO), a health beverage company which provides the best tasting certified organic coconut water, today announced it has been admitted to the European Stock Exchange GXG Markets' OTC list First Quote and has commenced trading under the ticker COCO.
During the past three years, the UK, US and World compound annual growth rates for coconut water consumption have been more than 100%, 60% and 20%, respectively, and it has become a billion dollar industry. CocoAkvo's vision is to become the global market leader for organic coconut water. Coconut water is currently the fastest growing beverage category in the world and no other fast moving consumer goods product is growing as rapidly in the UK or the US. While most coconut water producers are selling non-organic coconut water - sometimes made from concentrates - CocoAkvo offers the real deal with its certified organic coconut water and expects to not only benefit from the aggressive growth in the coconut water market but also the steady trend of consumers increasingly moving to organic food and beverage products.
CocoAkvo's initial target market consists of fourteen European countries covering more than 100,000 thousand selected points of sales and the Company expects to launch in all of these countries before the end of 2016. During the past months CocoAkvo has started the rollout in Sweden and agreements and advanced negotiations with key Scandinavian chain operators indicate the Company's products will have a reach of 5,000 points of sales by the end of this year. The general reception which CocoAkvo is experiencing from decision makers in purchasing in both the retail and wholesale trade has been extremely positive due to factors such as taste, packaging and marketing strategy. Additionally, the fact that CocoAkvo is certified organic has proven to be a unique selling point and a comparative advantage.
The Company is currently selling CocoAkvo 100% Pure Organic Coconut Water in 330 ml Tetra Prisma packs and is in the process of launching five flavoured organic coconut water drinks including: Chocolate, Aloe Vera, Coffee, Taurine & Raspberry and Blueberry.
Nils Helander, Manufacturing Excellence Director with leading FMCG multinational and advisor to the Company comments on CocoAkvoorganic coconut water: "This is by far the most impressive project I have seen in my 20 years in the Food and Beverage industry. It does not get any better than this. Through disciplined management and strict quality procedures, the Company guarantees that its coconut water is by far the freshest and best tasting in the market. Coconut water is the most natural and healthy way to hydrate yourself. CocoAkvo contributes to improving the health of people..."
"CocoAkvo developed this unique product by using a special production methodology which guarantees the highest efficiency and preserves the natural flavour.Until today there is no leading brand on the market for organic coconut water. I'm sure that the CocoAkvo brand has the potential to be the future synonym for coconut water in the world of superdrinks such as "Red Bull" is for Energy Drinks."
Going Public
CocoAkvo goes public now at the GXG markets' First Quote and invites private and institutional investors to join the success story and the next level of the company on the way to a global player. The company is listed under the ticker "COCO".
About CocoAkvo
CocoAkvo is a health beverage company which provides the best tasting certified organic coconut water products in the market. The Company's vision is to become the global market leader for organic coconut water. Through its consolidated subsidiary the Company processes, packages and sells organic coconut water branded CocoAkvo® primarily to the fast moving consumer goods mass retail trade and food service sectors on a global scale. For more information, visit http://www.cocoakvo.com.
Disclaimer
This release contains, in addition to historical information, forward-looking statements which reflect the Company's current judgments of those issues. However, because those statements are forward-looking and apply to future events, they are subject to such risks and uncertainties, which could lead to results materially different than anticipated by the Company.
For further information please contact:
Fredrik Wahlman
Investor Relations
CocoAkvo Ltd.
Tel +44-7506-109759
investorrelations@cocoakvo.com
SOURCE CocoAkvo Ltd