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

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From: Diamond Daze1/8/2008 12:25:22 PM
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WATAIRE IND INC (U-WTAF) - News Release
Wataire Ecosafe Technologies to Ask Shareholdes to Provide Shareholder Positions

2008-01-08 09:00 ET - News Release

VANCOUVER, British Columbia -- (Business Wire)

Wataire Ecosafe Technologies Inc. (PINK SHEETS:WTAF) announces that the Company will be requesting current shareholders to provide documentation for the number of shares they hold. The purpose is to ensure a correct total of shareholdings in order to move forward and pursue corporate financing.

The Company is aware that shareholders have been concerned about the inability to trade without bid and ask quotations from a market maker. Verifying the share positions of current shareholders will be of great assistance to the Company and will also aid in pursuing urgently required operating funds. The fact that the Company carries no debt should assist in financing either with equity or debt financing or some combination of both financing methods.

Shareholders will be contacted with instructions on how to provide documentation of their current shareholdings. We believe that pursuing this course of action will help move the Company forward to capitalize on the demand for chemical free, affordable drinking water solutions and help increase shareholder value.

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.

Contacts:

Wataire Ecosafe Technologies Inc.
Max Weissengruber, President, 416-490-0254
or
Investor Relations, 866-927-5600 or 604-542-5600

Source: Wataire Ecosafe Technologies Inc.
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