Global Wataire Inc. Secures $10 Million Funding Commitment.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Global Wataire Inc. (GWI GWI Great Works Internet GWI Guyana Water Inc GWI General Wage Increase GWI Grinding Wheel Institute GWI Games Workshop Interactive GWI Greenhouse Warming Index GWI Greenwood International, Inc. ) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :GWTE) (BCN BCN Beacon BCN Blue Care Network BCN Biblioteca del Congreso Nacional (Chile) BCN Backbone Concentrator Node (routers, Nortel) BCN Banco Central de Nicaragua BCN Broadband Convergence Network :M3N1) announced today that it has signed a $10 million Investment Agreement with Dutchess Private Equities Fund Ltd. to provide long-term expansion capital to the Company. Sydney Harland, President and Chief Executive Officer of GWI, stated, "Dutchess has many years of experience assisting companies like GWI in all facets of their long-term strategy by providing capital and progressive business solutions. Since 1996, Dutchess has transacted in excess of $1 billion in financing for publicly-traded companies. The Investment Agreement with Dutchess will give GWI the ability to internally finance growth and take advantage of anticipated acquisitions in the bio diesel industry, an area that the Company believes has a high growth potential and future. The Investment Agreement, in the form of an Equity Credit Line, provides for GWI to have the right to require Dutchess to purchase up to $10 million of the company's common stock at a seven percent discount to market over the course of 36 months after a registration statement has been declared effective by the U.S. Securities and Exchange Commission. The company plans to file an SB-2 Registration Statement within 30 days." About Global Wataire Inc. GWI provides advisory and transactional services to help businesses develop and implement the necessary strategies to achieve key financial objectives. GWI seeks exclusive investment opportunities that will enable both the Company and its clients to optimize optimize - optimisation financial returns, achieve positive cash flow and better than market returns for their businesses. We bring together the expertise of an experienced team of dedicated professionals committed to building strong strategic partnerships with our clients from inception to growth to maturity. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. in this release regarding Global Wataire Inc. and Dutchess Private Equities Fund Ltd. are made pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " 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, increased levels of competition, new products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission. |
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