WaterMicron Industries, Ltd Joins With Equity Partners
WaterMicron Industries, Ltd. have joined with a new group of European equity partners to form a new alliance as WaterMicron International, Ltd.
Online, February 17, 2010 (Newswire.com)
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February 17, 2010
Singapore
WaterMicron Industries, Ltd. announces that it has agreed to an asset acquisition set forth by a European investment consortium in order to gain greater market control in the field of Atmospheric Water Generation Technology. This changeover remarks current Chairman, Mr. Gary Lloyd, "After months and months of careful deliberation we felt we came to a very equitable arrangement for the present company and its respective private shareholders and distributors". "Considering the tremendous series of economic downturns we experienced over this last year, this unique union could not have come at a more opportune time".
Under the new structure WaterMicron Industries, Ltd. turns over all of its trademark and intellectual assets in an elaborate stock swap giving the new organization 52% control. WaterMicron Industries, Ltd will proudly hold its trademarks and the new company as of February 20, 2010 shall be named WaterMicron International, Ltd. In addition to the acquisition of WaterMicron assets, WaterMicron International will assume controlling interest in its PlanetsWater vast marketing arm, resulting in placing us to the forefront of the atmospheric water generation industry. This new alliance will create unsurpassed global awareness of the 'AWG' technology and to providing fresh drinking water solutions on a global scale. Speaking at a Middle Eastern conference on global water shortage recently, Lloyd stated "We believe this union will make us no doubt the most formidable company in the industry allowing us streamlined internal managerial expertise along with a fast track program for our shareholders to benefit in a public trading venue."
Therefore to conclude.....with such natural disasters becoming such commonplace with the most recent events in Haiti, to a world that is in a increased demand of pure, fresh drinking water, WaterMicron International, Ltd., believes the sky is no longer the limit... but the un denying answer to problems that plague mankind today.
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Tags: AWG, investment, technology