Clean Water Solution Corp. Receives $500,000 Funding for Production.BAKERSFIELD, Calif.--(BUSINESS WIRE)--Dec. 1, 1999-- Spectrum-Arabieh Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SPUM SPUM Splendid Micro-Union of Microstatia ) has received $500,000 in investment funding from BKR BKR Baker BKR Birkirkara (postal locality, Malta) BKR Breaker BKR Broadcast Key Rotation BKR Best-Known Recipe Partners of Dallas. Funds will be used for commercial production and to continue sales efforts of Spectrum's revolutionary water treatment technology. Spectrum-Arabieh offers The Clean Water Solution for the world. Its new desalination desalination or desalting Removal of dissolved salts from seawater and from the salty waters of inland seas, highly mineralized groundwaters, and municipal wastewaters. technology produces fresh drinking, irrigation irrigation, in agriculture, artificial watering of the land. Although used chiefly in regions with annual rainfall of less than 20 in. (51 cm), it is also used in wetter areas to grow certain crops, e.g., rice. and sanitation water from the ocean at a fraction of the economical and environmental costs associated with reverse osmosis reverse osmosis n. The movement of a solvent in the opposite direction from osmosis in such a manner that the solvent moves from a solution of greater concentration through a membrane to a solution of lesser concentration. . Visit www.spectrum-arabieh.com for more information. The $500,000 bridge investment was selected from several offers made to the company stemming from the Oct. 28, 1999, Business Wire news release announcing technology and importation approval from the Kingdom of Saudi Arabia. Approval from scientists at the Saudi Arabian Desalination Research Institute verifies the effectiveness of Spectrum's water treatment technology, and it allows the company to import desalination production plants into Saudi Arabia. "This funding will enhance our sales efforts, enable us to begin assembling pilot plants, and gear up for full-scale commercial production," stated Sam J. Higgins, chairman and chief executive officer. He noted that excitement, interest and media exposure have increased since the Saudi approval announcement. Higgins also confirmed that Spectrum has had numerous new funding offers from investment groups and investment bankers around the world. Negotiations for technology right options and joint venture plant production programs are now being pursued. Spectrum-Arabieh, a technology development and marketing company, is dedicated to providing abundant clean water to the world at a very low, economical and environmental cost. It is now in the process of bringing its clean water solution to the thirsty desert lands of the Middle East and the Arabian Gulf. The company's breakthrough water treatment process, PIMA (Photonic Ionization ionization: see ion. ionization Process by which electrically neutral atoms or molecules are converted to electrically charged atoms or molecules (ions) by the removal or addition of negatively charged electrons. , Manipulation and Augmentation) Desalination Technology, achieves molecular modification of seawater through the use of lasers and photonics. The PIMA process produces fresh, clean, usable water from the ocean without heat, high pressure or toxic chemicals. Forward-looking statements, if any, in this release, are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, competition, new products and technological changes, intellectual property rights and other risks. Visit www.spectrum-arabieh.com for more information. |
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