Business Wire, Tuesday, December 14, 1993
Purewater Sciences International is seeking new acquisitions or joint ventures
CENTURY CITY, Calif.
Purewater Sciences International Inc. a public company which is engaged in and holds a significant number of patents for water purification and related products, wishes to announce that its parent company, Maxima Holding Co. ("Maxima") a $1.8 billion holding company dedicated to environmental project development, aerospace and technology product developments, real estate and private investments has completed payment of all previously outstanding Franchise Taxes to the State of Delaware on its behalf.
In recognition of this event, the State of Delaware has recertified Purewater Sciences International Inc.'s, Charter to be in good standing without any loss of continuity.
In other recent actions the company has prepared up to date 10K and 10Q SEC reports reflecting its new financial status and its auditors are nearing completion of the 1990-1993 periods which should be released soon.
Armed with $5,000,000 in new capital assets from its parent, Purewater is now embarking on an ambitious acquisition, joint venture or merger phase. The company is not only seeking related companies in the water or bottled water business, but also "cutting edge technology" companies in previously unrelated fields as well. Purewater and its parent, Maxima are determined to further expand its business into high-technology ecologically beneficial arenas, such as transportation vehicles, magnetics, fuel cells, anti-theft devices, solar energy, position locating and hybrid engines. Maxima has set aside additional assets for this task and is seeking acquisition of an international banking organization which may play a role in its future strategy for Purewater.
Donald J. Shaw, secretary-treasurer of Purewater states "the Company has been extremely busy reorganizing and setting forth a new business strategy. Now that the Company has been fully revived and is in compliance we are ready to continue talks with respect to new licensing agreements for the water purification systems and foreign distribution. Recent new's reports of "parasitic worms" in certain large city's water supply strengthens our belief in the Company's future and a promising market for its products."
Shareholders or interested parties may contact the company through Donald J. Shaw, chief counsel at 2020 Ave. of the Stars, Suite 350, Century City, Calif. 90067, via telephone 310/282-0269 or Facsimile 310/282-0270.
CONTACT: Purewater Sciences International Inc.
Donald J. Shaw, 310/282-0269 (Century City)
Copyright 1993 Business Wire, Inc. |
