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Wataire Industries Inc. Signs Exclusive Licence Agreement with International Development Corp. to Market and Distribute Wataire's State of the Art Atmospheric Water Generators Technology in the United States.

VANCOUVER, British Columbia -- Wataire Industries Inc. (Pink Sheets:WTAF) a company dedicated to clean drinking water technology today announced that it has signed a licence agreement with International Development Corp. Under the terms of the licence agreement IDC will acquire the exclusive rights to market and distribute WII's state of the art drinking water technology in the USA. International Development Corp. trades on the OTCBB under the symbol (IDVL).

Phil Fraser, President and Chief Executive Officer of WII, stated, "The Timing could not be better for IDC to launch our new drinking water technology to replace large bottled water dispensers in the USA. There are tens of millions of American consumers who have bottled water dispensers in their homes. Many struggle to lift heavy bottled water on to their water dispensers. IDC will show the American consumer a better clean water alternative that requires no heavy lifting or running back and forth to the store to get more water. I believe IDC will be very successful in executing and delivering on their market plan."

We are pleased to inform our shareholders of record, as of June 30, 2005 that we will meet our commitment to issue them one Convertible Preferred share of International Development Corp. for each share of their common stock as a dividend.

The shareholders list has been delivered to IDVL and shares will be issued forthwith.

Wataire has appointed Vice President Nand Shankar to sit on the Board of Directors of International Development Corp.

About Wataire

Wataire is an international company focused on delivering technology-based water generation and purification products worldwide. The company provides innovative water supply solutions that are adaptable to almost every type of environmental conditions. Wataire was founded by a team of veterans with extensive experience in business administration, product development, project management, manufacturing, international distribution and sales and marketing. The Company is dedicated to provide an array of revolutionary solutions to deliver clean, unlimited supply of pure water for drinking, for lifesaving, and for irrigation.

For more information, please visit: www.wataireindustries.com.

Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act 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 time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
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Publication:Business Wire
Date:Oct 19, 2005
Words:420
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