News item on Donald J. Shaw.
February 3, 1994, Thursday
Purewater Sciences International and Starfire Industries are discussing a possible merger or acquisition
CENTURY CITY, Calif.
Purewater Sciences International Inc. (the "Company") a public company which is engaged in and holds a significant number of patents for water purification and related products, wishes to announce that they have entered into a letter of intent regarding a possible acquisition or merger with Starfire Industries Inc., a Nevada developmental stage aerospace company.
Starfire's Mission Statement is "Down to Earth Space Technology".
Starfire Industries Inc. is a privately held developmental stage company which is dedicated to the development of the next century's transportation systems, such as, an Electronic/Electric car and other aerospace designed solutions to environmental problems.
Starfire has begun preliminary work on a secret Cryo-Magnetic engine design (non-gasoline, non-combustion fuel) which they believe could provide a potential highway driving range capability of 500-1000 miles without having to recharge the car's battery system from an external source. In addition, Starfire has conceived an aerospace based design that plans the real time capability to (1) locate a stolen car anywhere in North America within 10 feet, and automatically notify central authorities of its whereabouts when stolen, (2) act as a map position locator, and (3) use voice recognition to identify unauthorized use of the car.
Starfire has in excess of $10 million in capital assets, with no current debt. Should the merger or acquisition go forward Purewater would most likely change its name to Starfire Industries Inc. to reflect its new status, and mission, all of which would be subject to the majority of the Purewater shareholders approving such an action.
Shareholders or interested parties may contact the company through Donald J. Shaw, chief counsel at 2020 Avenue of the Stars, Suite 350, Century City, Calif. 90067 via telephone 310/282-0269 or Facsimile 310/282-0270.
CONTACT: Purewater Sciences
Donald J. Shaw, 310/282-0269
Copyright 1994 Business Wire, Inc.
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