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Microcap & Penny Stocks : WTAF Wataire making waves in Belize with water generators -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (103)	7/17/2006 2:31:57 PM
From: Skywatcher	Respond to of 180

Wataire Industries Inc. Reports Firm Sale To Greece Distributor Wednesday July 12, 9:00 am ET VANCOUVER, British Columbia--(BUSINESS WIRE)--July 12, 2006--Wataire Industries Inc. (Pink Sheets:WTAF - News) Wataire Industries Inc., a world class manufacturer of atmospheric water generators announced today by Nand Shankar Vice President and Director of Wataire Industries Inc. that a solid order for atmospheric water generators has been received from the Corporation's Distributor in Greece. ADVERTISEMENT An irrevocable letter of credit (L/C) has been issued by the Panellinia Bank - Trade Finance division in the amount of $201,250.00 USD listing Wataire Industries Inc. as the Beneficiary of the proceeds. This irrevocable L/C is for the purchase of home/office atmospheric water generators acquired by distributor Envirosource Hellas of Kalamaria Thessaloniki, Greece. In addition to issuing this substantial L/C Envirosource Hellas has committed to purchasing no less than 1152 of the Wataire home office units in year one in order to keep the distribution agreement in effect. They further plan to put substantial effort into marketing the Commercial/Industrial units like the proven CI-2500 unit to local entrepreneurs that intend to retail the bottled water. While water pollution issues are not currently at the forefront in Greece the convenience of the Wataire Home/office appliance appeals to those that like to be personally in control of the quality of their drinking water. Mr. Shankar was enthusiastic about the confirmation of this sale as "there is good potential for this market exposure to increase awareness by other Distributors in the region about Wataire's products and technology." Wataire Industries Inc. now has agreements or "Letters of Intent" to purchase product from several Companies world wide and several distributor inquiries come in each day from all over the world primarily from the Wataire's website www.wataireindustries.com. Our new policy is only to release information when firm irrevocable letters of credit are received by Wataire Industries Inc as stated Mr. Shankar. "This should reduce speculation and insure what gets presented to the public is accurate."