Rainforest Resources Inc.: “AQUA LUNA” Bottling Plant
The "Aqua Luna" Mineral Water Bottling Plant project will be developed in the Province of Tungurahua, Ambato canton, Santa Rosa sector and will have a construction area of 4,800 m2 where the automated bottling machinery and the maneuvering yard for the bottling process will be installed.
According to the work schedule, construction works will begin in May after the corresponding architectural and civil designs are approved by the company and the municipal authorities.
The plant is aimed at bottling mineral water from the spring given in concession called Agua Luna, named given by the company, which meets the higher quality standards for human consumption as it is enriched with natural minerals from the Chimborazo volcano, which is the highest volcano in the world, considered from the center of the Earth. Rainforest has the concession to use 1.2 l/s for a period of ten years, which could be extended to 25 years.
The construction will take approximately 5.5 months and the plant is expected to be fully operational by the end of September 2021.
As part of social and environmental responsibility, the company, in the operational phase, will hire women from the sector because the project aims not only to bring development to the area but to be a role model for other industries on gender diversity.
Within the framework of social responsibility, the company will comply with 5 of the sustainable development objectives of the United Nations, which implies:
1 End of poverty; the company will hire inhabitants of the deprived community within the area of influence, to be part of the operations.
5 Gender equality; 60% of the company’s labor force will be composed by women from the community in the project's area of influence.
8: Decent work and economic growth; the company will comply with all the labor regulations established in Ecuador for dignified work and will bring a new industry to the Ambato sector, giving a strong impulse for economic development of this region.
10 Reduction of inequalities; Indigenous communities will be the driving force for the development of this project, supporting them with work and the creation of a trust with seed funds to be used to provide these deprived communities with productive enterprises to improve their standard of living.
13 Climate action; The trust that will be created also intends to provide support to the Chimborazo Wildlife Reserve to help them mitigate the degradation of the paramo, which is an important source of water storage and which is currently at high risk due to the livestock activities that are developed; the protection of the Luna water source and its recharge area during the operation of the plant will be the company’s priority commitment.
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.
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