The Ministry of Environment and Water of Ecuador
(MAAE) by way of resolution No. 2018-090 issued
December 10, 2020, has granted Rainforest del Ecuador
a concession for the capture and use of mineral water
at a rate of 1.2 l/s. This resource is earmarked for
bottling.
The water catchment site is located in Tungurahua
Province, Ambato Canton, in the Chimborazo Wildlife
Reserve. The origins of this water source is the
meltwater from the glaciers covering the peak of the
Chimborazo Volcano, the largest mountain in Ecuador
and considered the closest point on Earth to the Sun.
The designs for the catchment site infrastructure of the “Aqua Luna” aquifer and the water bottling
plant have begun. This project totals USD 4 million, and according to the company’s plans, the plant
will be operational by the end of September 2021.
This Press Release contains certain forward-looking statements that are based on management’s
expectations, estimates, projections and assumptions. Words such as “expects” “anticipates”
“plans” “believes” “scheduled” “estimates” and variations of these words and similar expressions
are intended to identify forward-looking statements, which include but are not limited to
projections of revenues, earnings, segment performance, cash flows, contract awards, and stability.
Forward-looking statements are made pursuant to the safe harbour provisions of the Private
Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future
performance and involve certain risks and uncertainties, which are difficult to predict. Therefore,
actual future results and trends may differ materially from what is forecast in forward-looking
statements due to a variety of factors beyond the control of management. All forward-looking
statements speak only as of the date of this release, or, in the case of any documents incorporated
by reference, the date of that document. All subsequent written and oral forward-looking
statements attributable to the company or any person acting on the company’s behalf are qualified
by the cautionary statements in this section. The company does not undertake any obligation to
update or publicly release any revisions to forward looking statements to reflect events,
circumstances or changes in expectations after the date of this report.