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Heckmann Corporation to Hold Conference Call on Favorable Changes in China Water Merger

Posted on: Tuesday, 30 September 2008, 09:00 CDT

Heckmann Corporation of Palm Desert, California (NYSE: HEK, HEK.U, HEK.WS) ("Heckmann" or the "Company") announced today that it will hold a conference call today Tuesday, September 30, 2008 at 4:30 p.m. Eastern Time.

Investors may listen to the call via telephone by dialing (888) 218-8184 (pass code 6888014), or for international callers, (913) 312-0420. A telephone replay will be available shortly after the call and can be accessed by dialing (888) 203-1112 (pass code 6888014), or for international callers, (719) 457-0820. The replay will be available until October 14, 2008, at 11:59 p.m. Eastern Time.

On May 20, 2008, Heckmann and China Water and Drinks Inc. (OTCBB: CWDK) ("China Water") announced that they had signed a definitive merger agreement under which Heckmann would acquire China Water, a leading producer and distributor of bottled water in China. On September 30, 2008, the parties announced amendments to their merger agreement restructuring the purchase price consideration. The closing of the transaction is subject to customary closing conditions, including approval of the acquisition agreement by the stockholders of both companies. Interested stockholders and investors can access additional information from Heckmann's definitive proxy statement, which will be filed with the Securities and Exchange Commission, on the SEC's web site at www.sec.gov.

About Heckmann Corporation

Heckmann Corporation is a blank check company formed for the purpose of acquiring or acquiring control of one or more operating businesses through a merger, capital stock exchange, asset or stock acquisition, exchangeable share transaction or other similar business combination. The Company completed its initial public offering of 54.1 million units at $8.00 per unit on November 16, 2007, generating gross proceeds of approximately $432.9 million dollars. Each unit was comprised of one share of common stock and one warrant exercisable at $6.00 per share. On November 20, 2007, the warrants began separately trading. As of June 30, 2008, the Company held approximately $429.1 million in a trust account maintained by an independent trustee, which will be released to and utilized by the Company in conjunction with the consummation of the proposed business combination with China Water. Information is available at the investor relations page of the company's website (www.heckmanncorp.com)

About China Water and Drinks

China Water and Drinks Inc. is a leading producer and distributor of bottled water in China. Through its production facilities in Guangzhou, Zhanjiang, Feixian, Changchun, Nanning and Shenyang, the Company produces and distributes bottled water to fourteen provinces and regions in China. The Company markets its own product under the brand "Darcunk", supplies purified water to both local and international beverage brands such as Coca-Cola and Uni-President and provides private label bottled water for companies such as Sands Casino, Macau. More information is available at the company's website (www.cwnd.net).

Forward-Looking Statements

This press release may contain "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Words such as "expect,""estimate,""project,""budget,""forecast,""anticipate,""intend,""plan,""may,""will,""could,""should,""believes,""predicts,""potential,""continue," and similar expressions are intended to identify such forward-looking statements. Forward-looking statements include matters that involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. These forward-looking statements inherently involve certain risks and uncertainties that are detailed in the Company's filings with the Securities and Exchange Commission and available at www.sec.gov/edgar. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. All forward-looking statements are qualified in their entirety by this cautionary statement. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Source: Business Wire

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