FT. LAUDERDALE, Fla., Aug. 26 /PRNewswire-FirstCall/ -- WaterPure International, Inc. (the "Company" or "WaterPure") (OTC Bulletin Board: WPUR) announced today that it has executed an amended Atmospheric Water Generator (AWG) patent license agreement with Everest Water, Ltd. revising the payment terms of the original license. Under the previous agreement, WaterPure was required to make all license fee payments in the current year. The revised terms now call for gradually escalating quarterly payments spread over several years easing the impact on the Company's cash flow. "With the Everest patent license revisions completed, we are now moving to the next level of our business plan which is to manufacture our own branded proprietary AWG product," said Paul S. Lipschutz, the Company's President. "Our engineers have added certain functional modifications to the product and we are now finalizing the assembly of our first pre-production models in preparation for full scale manufacturing immediately following testing. We plan to manufacture in several locations to ensure a steady flow of product availability, however it is our ultimate goal to keep our business here at home and have our AWGs Made In America," said Lipschutz.
About Atmospheric Water Generators (AWGs)
AWGs extract moisture from the atmosphere through a condensation process and transform it creating absolutely pure, healthy drinking water. Multiple air and water filtration systems remove particulate matter smaller than .01 microns. Utilizing high intensity UV (ultra violet), it eliminates any microorganisms including bacteria and viruses. Test results of WaterPure water measured 99.9% purity, far exceeding EPA requirements. Operating on standard 110v power in the USA, it is extremely efficient and uses a minimal amount of energy to produce water. The unit requires no plumbing, water lines, or pipes and is easily installed. Driven by a microcomputer control system, it will stop generating water when full. The WaterPure purification system employs special filters to remove any unpleasant tastes or odor that may be present in the air.
About WaterPure International
WaterPure International, Inc. markets water production and treatment products in the USA and abroad. The Company's principal line of products includes several models of Atmospheric Water Generators, devices that produce water from the moisture present in the air. http://www.waterpureinternational.com/
Except for historical information contained herein, the statements in
this news release are forward-looking statements that are made pursuant to
the safe harbor provisions of the Private Securities Act of 1995.
Forward-looking statements involve known and unknown risks and
uncertainties, which may cause a company's actual results, performance and
achievement in the future to differ materially from forecasted results,
performance, and achievement. These risks and uncertainties are described
in the WaterPure International, Inc. filings with the Securities and
Exchange Commission. The Company undertakes no obligation to publicly
release the results of any revisions to these forward-looking statements
that may be made to reflect events or circumstances after the date hereof,
or to reflect the occurrence of unanticipated events or changes in the
Company's plans or expectations.
WaterPure International, Inc.
Emerson Gerard Associates
Jerry Jennings, 561-881-7318
|SOURCE WaterPure International, Inc.|
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