otcelitegroup - otcelitegroup.com
New Profile
We have a company that we believe has bottomed out here at these levels.
WTAA is that company. They just came off the pinks back in August and due
to market conditions and lack of interest in the bb's has drifted down to
levels we believe are levels of opportunity. Buying came into the stock
later in the trading day yesterday after people started to take notice of
their most recent news release. Reading through their last few releases we
are expecting more major announcements from the company in the very near
future pertaining to more acquisitions and financing. The unique thing
about yesterday's release was the fact that the company they are looking
to acquire is owned by a member of their board therefore he was asked to
step down as to not cause a conflict of interest. He has resigned and will
return at a latter date. WTAA believes based on the current developments
within the company being acquired and the effect on WTAA's revenues they
will present that they, WTAA, can look forward to qualifying for Nasdaq
Small Cap in fiscal 2001. Sure many bb companies make that statement but
how many actually make the right acquisitions to really pull it off? It
appears to us this is a win win situation for all parties involved given
the circumstances. We would expect this deal to be completed in a
relatively short time frame. We here at OTCEliteGroup believe this is just
the start of good things to come for this company.
Business: WTAA International, Inc.
OTC BB Symbol: WTAA
Shares in Public Float: 2.8 million
Common Shares Outstanding: 13.7 million
52 Week Range: .13 - 2.88
Company Website: "http://www.wtaa.com/"
Company Profile
WTAA International, Inc. ("WTAA" on OTC-BB) was created for the purpose of
exploiting and developing the enormous growth opportunities presented in
the bottled water and licensing industries in North America. Bottled water
is a huge business, with sales in the United States last year of
approaching $6 billion. However, product licensing is by far bigger,
representing about $120 billion in sales.
WTAA (pronounced "WA-TAH") is bringing the concept of licensed products,
images and logos to the small bottled water industry (
"http://www.wtaa.com/Products/label.htm" ). Rather than spend millions of
dollars and years of time building a national brand, the Company will use
icons and images that everyone knows, combined with co-packaging
agreements to immediately serve markets coast-to-coast.
To be successful and profitable, WTAA International is focused on becoming
one of a handful of water companies that operates throughout North
America. However, WTAA does not intend to get bogged down by trying to
sell its water directly to every major retail chain. Rather, WTAA
believes that its real customer is the much more concentrated nation-wide
broker-distributor network, one that can be effectively handled with a
small number of sales people intent on building relationships rather than
simply pushing products.
WTAA International also differentiates itself from its competitors in that
it only sells purified water, not spring water, so it is not burdened by
huge shipping costs over great distances as is the case with brands like
Evian and Perrier. Also, because there is excess manufacturing capacity
readily available throughout North America, WTAA will, with few
exceptions, sub-contract to co-packers for the bottling process.
Another key segment of WTAA International's strategy is the belief that a
small package program is best combined with a strong home and office
bottled water program that brings higher margins and greater long term
impact to the value of the company. Accordingly, the company plans to
acquire and consolidate existing "home and office" bottled water
operations in strategic markets throughout the Sun Belt States and Western
Canada.
We are comfortable that the company's management team is certainly capable
of implementing WTAA's business plan. Steve Nickolas, WTAA's Chief
Marketing Officer, and a twenty-year veteran in the bottled water
industry, formed APANI Bottled Water Company, Inc. in Phoenix during the
1990s. He took the company from start-up to $15 million in annual sales in
just two years, showing the demand for custom bottled water programs,
especially those using licensed images.
SOME INTERESTING FACTS ABOUT THE BOTTLED WATER INDUSTRY
Bottled water has the distinction of being the fastest-growing segment in
the North American beverage industry, with total sales during 1999 in the
US and Canada of approaching $6 billion. During 1999, consumption in the
United States averaged 15.5 gallons per year per person.compared to Italy,
with the highest per capita consumption in Europe, which averages 31.5
gallons per person per year.
According to Beverage World's "1999 State of the Industry Report",
bottled water sales are growing at an annual rate of over 12% per annum,
more than four times the growth rate for soft drinks. Beverage Marketing
Corporation, a respected industry research company, projects North
American bottled water market value of $10 billion by 2004.
Company News
biz.yahoo.com
biz.yahoo.com
biz.yahoo.com
biz.yahoo.com
biz.yahoo.com
Disclaimer
OTCEliteGroup.com is not a Registered Investment Advisor or a
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Securities Act of 1933,Section 17(b), management of OTCElite will
receive five thousand free trading shares as compensation for this
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sources believed to be reliable, but OTCEliteGroup does not guarantee its
accuracy or completeness. Investors are urged to obtain information
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are not an investment advisor; and our stock evaluations are not
investment advice; just stocks that we think are undervalued. You should
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Except for historical information contained herein, the statements on this
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and uncertainties, which may cause a company's actual results in the
future periods to differ materially from forecasted results. These risks
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