Press Release Source: RG Global Lifestyles
RG Global Lifestyles Appoints New CTO, Acquires Critical Ion Exchange Wastewater Treatment Patents
Wednesday January 3, 7:30 am ET
RANCHO SANTA MARGARITA, Calif., Jan. 3 /PRNewswire-FirstCall/ -- RG Global Lifestyles (OTC Bulletin Board: RGBL - News) has appointed water treatment industry veteran and innovator Juzer Jangbarwala as its chief technology officer (CTO) and has reached an agreement with Mr. Jangbarwala to acquire an ion exchange water treatment patent he holds. Mr. Jangbarwala's appointment and an additional agreement with his company, Catalyx Fluid Solutions, Inc., are contingent upon the execution of a multi-year contract between RG Global and one or more oil and gas production companies.
"Juzer Jangbarwala's extensive wastewater treatment experience and leadership and his world class team of experts who implement and manage water treatment projects around the world, are tremendous additions to our company," said Louis L. Knickerbocker, RG Global chairman and CEO. "His expertise and technologies will further enhance our capabilities of providing cost-effective and environmentally friendly solutions to address a broad range of water quality issues that threaten water supplies domestically and abroad."
With 25 years of experience in the water and wastewater treatment industry, Mr. Jangbarwala is the founder and director of Catalyx Fluid Solutions, Inc., (a spin-off of Catalyx, Inc.) where he also has developed industrial spin-off applications based on the patent being acquired by RGBL. Prior to Catalyx Fluid Solutions, Inc. (CFS), he was founder, CTO and CEO of Hydromatix, Inc., which was acquired by the BOC Group in 2002.
"RGBL has a very competent consumer product team," Mr. Jangbarwala said. "As CTO, I'll be developing strategies and applications of our innovative technologies for the consumer market, as well as building a team to adapt our technologies for industrial applications."
RG Global will use Mr. Jangbarwala's patented ion exchange technology to develop and launch a new low-cost alternative for the $2.0 billion residential water softener market that will meet the needs of residents in many California counties where self-regenerating water softeners are banned and in the growing number of states considering banning them.
The new water softeners, expected to hit the market in early 2008, will generate a miniscule amount of waste that can be easily disposed in the trash. It solves the pervasive problem caused by traditional regenerating water softeners, which dump excessive amounts of sodium in the sewage and prevent municipalities and homes from reusing the water for irrigation of greenery.
"We have already been very successful with a similar version of this technology in the coal bed methane (CBM) business," Mr. Jangbarwala explains. "With the Catalyx Fluid Solutions team, we have successfully demonstrated that this technology can deliver an economically viable solution to the producers of CBM so they can remove sodium and other contaminants from the copious amounts of ground water used in production, making the wastewater safe for reuse and for discharge into nearby water bodies. We are filing two further patent applications focused on this process."
RG Global has acquired all technology and future patent rights to this CBM water treatment technology from CFS under a separate purchase agreement. The technology can be applied for many other industrial applications around the world.
"We are excited to have Juzer on our team, and feel confident his technical and business development background will lead RGBL into many high margin, low competition arenas of water treatment," Mr. Lou Knickerbocker, concluded.
About RG Global Lifestyles, Inc.
RG Global Lifestyles, Inc. is the parent company of wholly owned subsidiary Aquair(TM), Inc. Aquair, was formed for the express purpose of developing and distributing quality industrial and residential water products using the latest in water production and treatment technologies to provide pure safe water around the world. RG Global's products address many water quality issues, including remedying the increasingly prevalent microbial water supply contamination and contamination resulting from oil and gas production. For more information, visit www.rgglife.com and www.aquair.com.
Safe Harbor Statement
The statements contained herein that are not historical are forward- looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward- looking statements, including, but not limited to, risks associated water generation products, risks associated with dependence on third parties, and other risks identified from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission. All forward-looking statements attributable to the Company, or persons acting for the Company, are expressly qualified in their entirety by these cautionary statements.
Contact:
Julie Shepherd, Accentuate PR, (815) 479 1833, Julie@accentuatepr.com
Source: RG Global Lifestyles |
