Business Wire, Thursday, September 30, 1993
Maxima buys Purewater Sciences International Inc. (the "Company")
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 three major shareholders have privately sold common shares of the company previously owned by them to Maxima Holding Co. (Maxima).
Maxima is a privately held and previously unrelated company whose assets and property holdings are currently appraised in excess of $1.8 billion. Maxima has offices located at 2020 Avenue of the Stars, Suite 350, Century City, Calif. 90067.
The board of directors, acting in what they believe to be the best interests of the company, and to provide for its future expansion and growth have agreed to sell the authorized, but previously unissued, common shares of stock to Maxima.
This makes the total common shares of Purewater Sciences International Inc. stock owned by Maxima, equal to approximately 54% of the total authorized stock.
Purewater Sciences International Inc. is presently developing a new business plan which envisions several new exciting products, markets and opportunities that it believes will be well received by its shareholders. In addition, as the company continues to advance its technical capabilities, build strategic relationships and strengthen its credibility with the investment community this should provide increased resources for its new activities within the capital markets and private investment communities.
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 Inc., Century City
Donald J. Shaw, 310/282-0269
Copyright 1993 Business Wire, Inc. |
