Wataire Industries, Inc. Corporate Update.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Wataire Industries Inc. (Pink Sheets:WTAF) an International company focusing on developing and delivering technology-based water generation and purification products worldwide is pleased to announce acceptance of the proposal to sell the International marketing rights for Wataire Industries Atmospheric water generator An Atmospheric water generator (AWG), or atmospheric condenser, produces pure drinking water from the humidity of the surrounding air. An AWG is essentially a dehumidifier: air is passed through a cooled coil, causing water to condense. to a fully reporting OTCBB OTCBB See OTC Bulletin Board (OTCBB). company. The decision to accept the proposal was based on the consent of the holders of a majority of the outstanding shares of the common stock in the company. As stated in press release dated June 13, 2005 all shareholders of record in Wataire Industries Inc (WTAF) will retain their position in WTAF as well as receive one share dividend in the OTCBB. The share exchange agreement will be effective at the close of business June 30, 2005. The company will initiate the issuance of the dividend to all valid shareholders of Wataire Industries Inc (WTAF) based on the shareholders list provided to the company from the Depository Trust Company Depository Trust Company (DTC) DTC is the world's largest central securities depository. It accepts deposits of over 2 million equity and debt securities issues (valued at $23 trillion) from over 65 countries for custody, executes book-entry deliveries (valued at over $116 trillion (DTC DTC See: Depository Transfer Check DTC See: Depository Trust Company DTC See Depository Trust Company (DTC). ) as of and including June 30, 2005. The officers of the company have recommended a symbol and cusip number CUSIP Number An identification number assigned to all stocks and registered bonds. The Committee on Uniform Securities Identification Procedures (CUSIP) oversees the entire CUSIP system. Notes: This system is used in the U.S. and Canada. change in the company to correspond with the issuance of the shares. Wataire Industries Inc President P.R. Fraser and Vice President Mr. Nand Shankar have returned from their trip to the manufacturing plant in Korea and are very pleased to inform the shareholders that the facility in Korea is now capable of producing 25,000 Water Generators per month for the company. The plant is fully automated with state of the art equipment and highly trained technicians, complete with quality control personnel and designated sterilization sterilization Any surgical procedure intended to end fertility permanently (see contraception). Such operations remove or interrupt the anatomical pathways through which the cells involved in fertilization travel (see reproductive system). areas required in the assembly of the company's products. Wataire Industries Inc Vice President Mr. Nand Shankar stated, "Wataire is dedicated to providing the highest quality product available in the world, after touring the Korean facility it is without doubt that the company can fulfill all commitments and obligations to our distributors and end users." As stated in the previous press release dated June 16, 2005 Wataires commercial scale generators are being assembled in Nova Scotia Nova Scotia (nō`və skō`shə) [Lat.,=new Scotland], province (2001 pop. 908,007), 21,425 sq mi (55,491 sq km), E Canada. Geography and the company anticipates shipping the latter part of July, 2005. Wataire Industries Inc corporate website www.wataireindustries.com is currently being updated to include information and visuals of the facility in Korea as well as Nova Scotia. About Wataire A team of veteran executives founded Wataire, they have extensive experience in developing and successfully bringing innovative products to market. The team is comprised of leaders and advisors who have extensive backgrounds in business administration, project management, manufacturing, international distribution, sales and marketing. Wataire is dedicated to providing an array of innovative solutions that will help prevent fresh water shortages in a wide variety of changing geographic locations and climatic conditions. Forward Looking Statements in this release are made pursuant to the " Safe Harbour" 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 for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from tine tine (tin) a prong or pointed projection on an implement, as on a fork. tine n. 1. The slender pointed end of an instrument, such as an explorer used in dentistry. 2. to time in the Company's periodic reports filed with the Securities and Exchange commission. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion