New York, NY -- (SBWire) -- 03/21/2013 --Pierre Taillefer, CEO of Aquagold International Inc. (AQUI), just came back from China where he has been stationed for the last few years.

He lived in many places in China, establishing ties with various Chinese companies, increasing his business and political ties. During that time he took the opportunity to learn the language and the culture, specially the business culture.

He had been involved with Aquagold International earlier mainly in logistics, shipping and suppliers and accepted the position of CEO last year as he that he was ready to tackle the challenge. The Company is convinced that he is the right man to face the complicated Chinese market.

This is his first official report to the Board:

“Based on my knowledge of Aquagold’s strength and business foundation, there is no doubt in my mind that we are very well positioned to yield better results in China. The years spent at building our ties were not in vain; to the contrary! But now we have re-oriented our efforts towards new business people and some new political allies in order to achieve the results that we expected all along.

Armed with new vision I have assembled a solid team in China. We have been pursuing a few readily available options such as:

1. Possible acquisitions
2. New joint ventures
3. Expansion
4. New products
5. Better use of our public company

Pierre Taillefer returns to China next week and states, "we shall see some positive results in the very near future”.

The information in this press release may involve guidance, expectations, beliefs, plans, intentions or strategies regarding the future. Except for historical information contained herein, all such statements included in this press release are forward looking statements and are made by AQUAGOLD INTERNATIONAL, INC. in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. All forward-looking statements are based upon information currently available. Although Management believes that the expectations reflected in such forward-looking statements are reasonable, it cannot give any assurances that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. Numerous factors could cause or contribute to such differences. The following risk factors, among others, could cause actual results to differ materially from those described in any forward-looking statements. These risks and uncertainties include, but are not limited to, economic conditions, consumer spending, changes in the law or regulations, demand for products and services of the company, the competitive environment within the industry, the economic conditions in the industry and the financial strength of the Company’s customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.