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AquaNatural makes announcement.


HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Aug. 16, 1995--AquaNatural Company (AQQA) announced today that it has sold assets utilized in connection with its water purification It has been suggested that , , and be merged into this article or section. , dispensing and marketing program to third-parties engaged in similar lines of business.

The company took this action after concluding that it lacked the funds necessary to maintain that equipment in good working order or continue the program in an acceptable manner. "Management has determined to utilize its existing resources in a concentrated effort to develop its Coast to Coast distribution division. We believe that this presents the best opportunity for the company's future," stated Manny Manny may refer to:

In nobility:
  • Baron Manny, a title in the Peerage of England
  • Walter de Manny, 1st Baron Manny (died 1372), soldier of fortune and founder of the Charterhouse
People with the given name Manny:
  • Manny (given name)
 Sherman, the company's president. "The company had hoped to pursue the water purification and dispensing program as well, but our inability to conclude additional financing has made it impossible for the company to meet these expenses at this time. Our efforts to obtain such financing have been forestalled, at least for the present, by the decision of NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
 to delist delist

To drop a security from trading on an organized exchange. Delisting may occur for a number of reasons including failure to meet an exchange's standards or placement of a new listing on another exchange. Compare list.
 the company's securities. The company continues to need additional funds. If the company is not able to obtain financing it may be impossible to sustain the Coast to Coast operations."

Coast to Coast Generics Inc., a wholly-owned subsidiary of the company, distributes high volume, low-cost sundry sun·dry  
adj.
Various; miscellaneous: a purse containing keys, wallet, and sundry items.



[Middle English sundri, from Old English syndrig, separate.
 items, principally to the convenience store market.

CONTACT: AquaNatural Company, Hauppauge

Manny Sherman, 516/436-7200
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Aug 16, 1995
Words:220
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