WTAF Wataire making waves in Belize with water generators Message Board

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Microcap & Penny Stocks : WTAF Wataire making waves in Belize with water generators

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To: Diamond Daze who wrote (138)	11/28/2006 10:57:16 AM
From: Skywatcher	Read Replies (1) of 180

Wataire Industries to Issue 1 for 1 Share Dividend Tuesday November 28, 10:33 am ET VANCOUVER, British Columbia--(BUSINESS WIRE)--The Board of Directors of Wataire Industries Inc. (Pink Sheets:WTAF - News) is pleased to announce that shareholders of record, as of June 30, 2005, will receive a dividend of one restricted Wataire Industries Inc. share for every share held as of that effective date and will implement its dividend share program within as reasonable a period of time as is practical. ADVERTISEMENT On May 9, 2006, the Company originally announced that, under the then terms of a licensing agreement with Global Wataire Inc., shareholders of record would be issued Preferred D stock of Global Wataire. The Preferred D stock was intended as compensation for Global Wataire's exclusive world wide licensing agreement to distribute Wataire Industries Atmospheric Water Generator technology. That agreement was subsequently terminated and no Preferred D stock was issued to Wataire Industries Inc. However, the Company does value the continued support of its original shareholders and will honor its original intent by dividending restricted stock to its shareholders of record on a one-to-one basis. The Company is encouraged by the ongoing sales success of Wataire International Inc (OTCBB:WTAR - News), the exclusive worldwide marketing and distribution licensee of the Company's innovative technology. Wataire Industries will continue to invest heavily in ongoing research and development programs to fully exploit the revolutionary nature of its exclusive turbine technology as well as continue to improve the performance and benefits of its current safe drinking water products. Max Weissengruber, Company President stated that, "By partnering with Wataire International, we have acquired the resources and entrepreneurial spirit that will allow for rapid worldwide sales expansion. Wataire International will also provide ongoing customer research and feedback to help drive our technology and product development strategies."

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