As of September 30, 2007, China Water and Drinks had cash and cash equivalents of $27.8 million, working capital of $31.6 million and $0.2 million in long-term debt. Shareholder's equity stood at $70.3 million, up from $9.1 million on December 31, 2006. The Company generated $16.9 million in cash flow from operations for the nine months ended September 30, 2007, compared to $2.6 million in the first nine months of 2006.