Quantcast
Last updated on May 26, 2012 at 17:19 EDT

Wataire to Pursue listing on Foreign Stock Exchange

October 5, 2009
Repost This

WOODLAND HILLS, CA, Oct. 5 /PRNewswire-FirstCall/ – Wataire International Inc. (the “Company” or “Wataire”) (OTCBB: WTAR) announced today that it is reviewing the possibilities of listing its stock for trading on a foreign stock exchange.

The Company is reviewing listing on a European exchange such as the Oslo, London Stock Exchange (AIM) and or the Frankfurt Stock Exchange due to the demand from foreign investors and to coordinate with our marketing deployment in Europe. The Company is now in discussions with various exchanges to determine the best alternative for its shareholders.

“Listing on a foreign stock exchange will help expand our shareholder base and enable us to seek capital in Europe as we deploy our atmospheric water generation technology (AWG) globally” said Robert Rosner, CEO of Wataire International Inc. “Europe is very environmentally friendly and sensitive to the global water crisis and the listing on one of these exchanges will benefit our Company, our shareholders and distributors in the short, medium and long-term” further added Mr. Rosner.

Wataire International Inc:

Wataire International, Inc. is an International company focused on developing and delivering technology-based water harvesting and purification products worldwide. Wataire is a developer and manufacturer of innovative drinking water systems such as atmospheric water generators and filtration systems. It provides water supply solutions that are especially suitable for areas that may have no alternative sources of potable drinking water. The atmospheric water generator collects moisture from the atmosphere to generate clean, safe drinking water, and at the same time, by using a special filtration system that removes dust and airborne particles, simultaneously cleans the air we breathe. To date, there are more than 3000 WII-4010 home/office atmospheric water generators in operation in over 30 countries around the world.

For more information about WTAR visit: www.watair.com

Forward-looking Statement:

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995 – forward-looking statements concerning plans, objectives, goals, strategies, future events of performance and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and services demand and acceptance, changes in technology and in economic, political and regulatory conditions and to all of the risks generally associated with a company at Wataire’s stage of development. All such forward looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by these cautionary statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

CONTACT: Wataire International Inc., ir@watair.com, info@wataireinternational.com, Tel. 1-877-602-8985

SOURCE Wataire International Inc.


Source: newswire