Wataire Industries Announces Name Change to Reflect Its Future Technology Development Strategy
2007-02-22 09:00 ET - News Release
VANCOUVER, British Columbia -- (Business Wire)
Wataire Industries Inc. (Pink Sheets:WTAF) announces it has changed its corporate name to Wataire Ecosafe Technologies Inc. The company has already successfully developed efficient, eco friendly water producing and treatment systems now being sold in over 30 countries. The increase in market demand for environmentally friendly “green” technologies is staggering in all sectors as global warming becomes a major concern all around the world.
Wataire, in addition to continuing our in-house research for atmospheric water generators and treatment systems, has strategically aligned itself with outside scientists and engineers to develop and acquire green technologies that will lead to free-standing, “nature powered” water treatment systems. These are particularly needed in developing countries without available or affordable electrical energy supplies.
Wataire Ecosafe Technologies will concentrate on developing products that directly address the need for environmentally friendly solutions to the world’s water and energy shortages. Once we have developed, tested and patented these emerging technology concepts, we will seek out marketing partners with the resources and capability to introduce these innovations on a worldwide basis.
This strategy of aligning ourselves with the scientific community and marketing partners has already begun to pay off with Wataire International Inc. (OTCBB:WTAR), who are rapidly expanding sales opportunities for our atmospheric water generation products. This relationship will allow the company to focus its resources on new, environmentally safe product development, testing and manufacturing priorities. We believe eco friendly innovations will be the cornerstone of our future commercial success.
Forward-Looking statements in this release are made pursuant to the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company’s products, increased levels of competition for the Company, new products and technological changes, the Company’s dependence on third-party suppliers and other risks detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission.
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