-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, S1rWnqnziqGafuD0JtegwlbPk1+3nu8wcRBgFCrl1djxQ/6qcgwRjAonk8FkEXeY oEKgB4g/VFnoFyK3EhT21g== 0001144204-07-040219.txt : 20070803 0001144204-07-040219.hdr.sgml : 20070803 20070803171613 ACCESSION NUMBER: 0001144204-07-040219 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070731 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070803 DATE AS OF CHANGE: 20070803 FILER: COMPANY DATA: COMPANY CONFORMED NAME: China Water & Drinks Inc.. CENTRAL INDEX KEY: 0001344133 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 202304161 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-131131 FILM NUMBER: 071024858 BUSINESS ADDRESS: STREET 1: 9101 WEST SAHARA SUITE 105-195 CITY: LAS VEGAS STATE: NV ZIP: 89117-5772 BUSINESS PHONE: 702-528-2499 MAIL ADDRESS: STREET 1: 9101 WEST SAHARA SUITE 105-195 CITY: LAS VEGAS STATE: NV ZIP: 89117-5772 FORMER COMPANY: FORMER CONFORMED NAME: UGODS, INC. DATE OF NAME CHANGE: 20051214 FORMER COMPANY: FORMER CONFORMED NAME: Alexander Long DATE OF NAME CHANGE: 20051110 8-K 1 v082985_8-k.htm Unassociated Document

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K
CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): July 31, 2007

China Water and Drinks Inc.
(Exact name of registrant as specified in charter)

Nevada
(State or other jurisdiction of incorporation)

333-131131
20-2304161
(Commission File Number)
(IRS Employer Identification No.)


18th Floor, Development Centre Building
RenMinNan Road, Shenzen
People’s Republic of China 518001

(Address of principal executive offices and zip code)
 
+86-755-25526332

(Registrant’s telephone number including area code)
 
 

(Former Address)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

 
Item 8.01. Other Events.

On July 31, 2007 and August 3, 2007, China Water and Drinks Inc. announced that it secured land in Changchun City, Jilin Province to construct a bottled water manufacturing plant. A copy of each press release is being filed as an exhibit to this Current Report on Form 8-K, attached hereto as Exhibits 99.1 and 99.2, and are incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(c)
Exhibits

99.1
Press release dated July 31, 2007.

99.2
Press release dated August 3, 2007.

2


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
    CHINA WATER AND DRINKS INC.   
         
         
    By:
/s/ Xing Hua Chen
 
  Name:  Xing Hua Chen  
    Title: Chief Executive Officer  
 
Dated: August 3, 2007
 

 
EX-99.1 2 v082985_ex99-1.htm Unassociated Document
 
China Water & Drinks to Construct New Plant in Jilin Province
Tuesday July 31, 8:30 am ET 
 
SHENZHEN, China, July 31 /Xinhua-PRNewswire-FirstCall/ -- China Water & Drinks, Inc. (OTC Bulletin Board: CWDK - News; "China Water & Drinks" or "the Company"), a leading producer and distributor of bottled water in the People's Republic of China ("PRC"), today announced that it has signed a contract with the government of Changchun, Jilin Province to construct a bottled water plant.

The new bottled water plant will be about 12,800 square meters on a 20,000 square meter lot in the Jiutai Economic Development Zone in Changchun. The total cost to construct the plant is estimated at $6.0 million, including land use rights for the next 50 years, working capital, and equipment and installation costs. The terms of the land use rights contract allow China Water & Drinks access to two adjacent water wells with combined capacity 36 tons per hour, which is more than sufficient to meet the supply requirements of the new plant. The Company will utilize a portion of the proceeds from its recent private equity financing to fund the plant, which is scheduled for completion in November 2007.

Once the plant is operating at full capacity, it is expected to produce 150 million bottles, or 130 million liters, of purified water annually, bringing the Company's total annual capacity to 940 liters. Approximately 70% of the new capacity will be dedicated to produce bottled water under the Company's long-term agreement with Coca-Cola, and the remaining 30% will be used producing the Company's "Darcunk" brand and for other brands. Annual revenue and net income generated from this plant is estimated to be about $12.9 million and $2.6 million, respectively. All the bottled water will be sold in the adjacent area of Changchun.

"The new Changchun plant is an important part of our growth strategy to reach 1.44 billion liters of bottled water capacity by the end of 2007. It also enables us to further penetrate markets in Northeastern China, and enhances our already strong relationship with Coca-Cola," commented Mr. Xing Hua Chen, Chief Executive Officer of China Water & Drinks. "This is especially important as we directly benefit from Coca-Cola's increasing market presence in China."

About China Water & Drinks, Inc.

China Water and Drinks, Inc. is a leading producer and distributor of bottled water in China. Through its production facilities in Guangzhou, Zhangjiang, Fexian, Nanning and Changchun, the Company produces and distributes bottled water to 11 provinces in China. The Company markets its own product under the brand "Darcunk", supplies purified water to both local and international beverage brands such as Coca-Cola, Uni-President, and Danone and provides private label bottled water for companies such as Sands Casino, Macau.
 
 
 

 
 
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: This press release contains certain "forward-looking statements," as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Such factors include, but are not limited to the company's ability to complete product orders, coordinate product design with its customers, ability to expand and grow its distribution channels, political and economic factors in the People's Republic of China, the company's ability to find attractive acquisition candidates, dependence on a limited number of larger customers and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
 
For more information, please contact:

Danny Tsai
China Water & Drinks, Inc.
Tel: +1-949-528-2815

Leslie Richardson, Financial Writer
CCG Elite Investor Relations
Tel: +1-310-231-8600 x122
Email: leslie.richardson@ccgir.com

Crocker Coulson, President
CCG Elite Investor Relations
Email: crocker.coulson@ccgir.com

 
 

 
 
EX-99.2 3 v082985_ex99-2.htm Unassociated Document
 
Contact
China Water & Drinks, Inc.
Danny Tsai
Phone: 001- 949 528 2815
CCG Elite Investor Relations 
Leslie Richardson, Financial Writer
Phone: 310-231-8600 x 122
leslie.richardson@ccgir.com
Crocker Coulson, President
crocker.coulson@ccgir.com


For Immediate Release 

China Water & Drinks to Construct New Plant in Jilin Province

Shenzhen, China - August 3, 2007 -China Water & Drinks, Inc. (OTCBB: CWDK) (“CWDK” or “the Company” ), a leading producer and distributor of bottled water in the People's Republic of China (“PRC”), today announced that it has secured a piece of land in Jiutai Economic Development Zone of Changchun City, Jilin Province to construct a bottled water manufacturing plant.

The new plant occupies a gross area of approximately 137,600 square feet on a 215,000 square feet piece of land. The total cost is approximately $6.0 million, which includes the land use right, construction and equipment. The land use right also includes the right to use two water wells, which shall meet all production needs. The Company will utilize a portion of the proceeds from its recent private equity financing to fund the plant construction. The new plant is expected to commence operations in November 2007.

The new plant will increase the Company’s total production capacity by an additional 200 million 200ml -1500ml size bottles and 5 million 18.9 liters carboy size bottles. The management expects that the new plant will contribute approximately $15.4 million revenue and $4.0 million net profit per annum.

“We anticipate that the new plant will enable us to further penetrate into the Northeastern China market.” Mr. Xing Hua Chen, the CEO of CWDK commented. “The construction of Jilin water manufacturing plant is only a part of our expansion plan. We will continue to look for opportunities to build new plants in other provinces”

About China Water & Drinks, Inc.
China Water and Drinks, Inc. is a leading producer and distributor of bottled water in China. Through its production facilities in Guangzhou, Zhangjiang, Fexian, Nanning and Changchun, the Company produces and distributes bottled water to 11 provinces in China. The Company markets its own product under the brand "Darcunk", supplies purified water to both local and international beverage brands such as Coca-Cola and Uni-President and provides private label bottled water for companies such as Sands Casino, Macau.
 
 
 

 
 
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: This press release contains certain "forward-looking statements," as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Such factors include, but are not limited to the company’s ability to complete product orders, coordinate product design with its customers, ability to expand and grow its distribution channels, political and economic factors in the People’s Republic of China, the company’s ability to find attractive acquisition candidates, dependence on a limited number of larger customers and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
 
# # #
 
 
 

 
 
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