The majority shareholder (75+%) of Aqua Dyne is Global Power And Water, Inc., a Nevada corporation.
While O/S shares are under 7 million, Authorized Shares are 20 million.
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Business Summary
otcbb.com
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CURRENT BUSINESS INFORMATION: Aqua Dyne Inc. was formed to seek out and acquire promising technologies with the intent of bringing them to commercialization. The first such technology the Company acquired was the JetWater System for water purification. Following the acquisition of the patent rights and complete ownership of this technology, the Company has been working to complete development and testing of the JetWater System process. With the successful completion of independent testing of the process, the Company is having units manufactured for pilot studies prior to commercialization.
The Company expects to generate income in two ways: 1) to initially receive a payment for each JetWater System unit committed to; and 2) to receive an additional royalty payment for each gallon or liter of water processed.
HISTORICAL BUSINESS INFORMATION: Aqua Dyne, Inc. was incorporated and commenced operations on April 26, 2000.
On June 8, 2000, the Company purchased ownership rights to certain water purification intellectual property and technology, and a related system from Global Power & Water, Inc., which includes a pending Australian patent application, certain other patent rights, copyrights, design rights, trademark rights, and any other rights that may exist at any time in relation to this product. The Company issued 4,000,000 shares of restricted common stock valued at $4,000 for the purchase of this technology. In addition, the agreement calls for the Company to issue 1,000,000 shares when the technology has reached a point of technological feasibility. Also, the Company will issue an additional 1,000,000 restricted shares when Global has produced a marketable product.
As of December 31, 2001, Global had acquired 75.22% of the issued and outstanding common stock of the Company, which gives Global the ability to exercise significant control over the Company.
MISCELLANEOUS BUSINESS INFORMATION: Accumulated deficit as of December 31, 2001 was $1,657,716.
The Company has been in the developmental stage since its inception.
Management
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Name Title
John Albert Ritter PR/DIR
John Henderson CEO/DIR
Greg Paxton CST
Global Power And Water, Inc. BO
John Garrard EMP
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Item 1. DESCRIPTION OF BUSINESS
secinfo.com
General
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Aqua Dyne, Inc. ("Company", "us", "we" or "ADI") was incorporated and commenced
operations on April 26, 2000. ADI was formed to seek out and acquire promising
technologies with the intent of bringing them to commercialization. The first
such technology we acquired was the JetWater System for water purification. This
technology was acquired from Global Power & Water, Inc.,a Nevada corporation
("Global"). As a result of the acquisition Global became our controlling
shareholder. Following the acquisition of the patent rights and complete
ownership of this technology, we have been working to complete development and
testing of the JetWater System process. With the successful completion of
independent testing of the process, which was conducted by Occupational Hygiene,
Environment and Chemistry Centre(1) in Australia, we are having units
manufactured for pilot studies prior to commercialization.
(1)Simtars Occupational Hygiene, Environment and Chemistry Centre
nrm.qld.gov.au
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The above is just preliminary - still searching.
Would be nice if the company posted an email address on its website. Are there any full time employees? From reading the above, it does not appear so.
So far, found absolutely nothing on Global and/or The Sand & Soil Company Pty Ltd, the company that submitted the Letter of Intent. Seen too many Letters of Intent that never convert into sale or contract. |
