Business Editors
VANCOUVER, British Columbia----Wataire Industries, Inc (Pink Sheets:WTAF
), an international
company focusing on developing and delivering technology-based water
generation
and purification products worldwide would like to take this
opportunity to provide an update on recent
corporate developments.
When placing an order, we require our distributors to provide a
25% deposit
and an irrevocable Letter of Credit from an accredited
financial institution for the remaining 75
% value, and meet specific
quotas to maintain an exclusive right to market our product in their
territory
.
Existing distributors have to this point contracted for
approximately $81 million dollars of
product. We anticipate a gross
profit margin of approximately 37%.
atlasgeo gif
It is for three years and provides
Ecoprogress an immediate
purchase order of one container of Flushaway (approximate value
US$50
,000) with minimum sales from Ecoprogress of US$275,000 in the
first year. They have been working
on building awareness of
Flushaway for the last two years through their connections with large
chain
stores such as Pick 'n Pay Hypermarket and Clicks.
For more complete information please visit our
web site at
www.general description
R + D
The prototype of the commercial model (water output of 1-5
thousand
liters per day) has been completed, tested, is operating to
capacity, and ready to go into production
.territory indian
The Company hopes to use its entry into Africa to
springboard from this economic hub to other territories
. Such risks and uncertainties are detailed in the Company's
filings with the TSX-V and on SEDAR.
We have an agreement to
supply $10 million dollars worth of these machines to the Indian Coast
Guard
to replace desalination systems they currently use.
Wataire Industries implements products and services
worldwide and
is constantly faced with changing geographic locations and climates. Fraser
President
Wataire Industries Inc.atlasgeo general
B.
New geographic locations are analyzed and our products are customized
and calibrated for optimal effectiveness in each location.ocean british
Ecoprogress Signs South African Distributor
Consolidated Ecoprogress Technology Inc.
Over the past few months there have been a number
of exciting
developments.
We have acquired a facility in Sydney, Nova Scotia, Canada, and
work
is underway to customize the building, the interview process has
been completed and we've hired the
personnel to begin full production
by mid April of this year, in order to fulfill our commitments
on
orders currently pre sold. These
machines can be operated in a stationary fashion, or mounted
on
vehicles to provide the mobility required to service disaster sites
and remote locations.gif animated
ocean gif
News Editors
VANCOUVER, British Columbia----Consolidated Ecoprogress Technology Inc. They
can provide a clean water solution to a
wide range of situations.
Wataire is committed to providing
an array of innovative solutions
that will help prevent fresh water shortages.
Forward-Looking
Statements
This press release may include forward-looking statements within
the meaning of
Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934
.image indian
Ecoprogress is diligently working on becoming a lead player in
environmentally friendly,
absorbent and 'plastic replacement'
products. Its first branded product, Flushaway, provides women
with a
flushable feminine hygiene alternative product that, after disposal
biodegrades in 28 days
.
Distributor agreements, with deposits, have been signed in New
Zealand, Australia, Fiji, India
, the Grand Caymans, the US and we are
currently in negotiations with potential distributors in South
Africa,
the Congo, Russia, Mexico, Costa Rica and Dubai. Development of the plant and product manufacture
will
begin upon completion of the Sydney site.wataireindustries.description general
The Agreement with Envirostar
is for a territory that includes
South Africa, Namibia, Mozambique, Zimbabwe, Lesotho Swaziland and
Botswana.
In the interim we will be outsourcing our production and products
will begin shipping
to fulfill our existing orders by March 20th. Peerun of Mauritius to
develop the manufacture plant
in Madagascar and Wataire
representatives will be returning to Mauritius to finalize the
transaction
.ocean world
(TSX VENTURE:CES)
is a company that focuses on developing
and delivering technology
-based water generation and purification
products.atlasgeo country
Ecoprogress expects annual sales to Envirostar
to
increase each subsequent year. The Company will provide a further
update on receipt of the
signed purchase order.
This will be the first Flushaway distributor on the African
continent
.
Madagascar Joint Venture
Financing has been confirmed by A.
The team is comprised
of leaders and advisors who have extensive
backgrounds in business administration, project management
,
manufacturing, international distribution, sales, and marketing. We are committed to creating cost
-effective dedicated clean
water solutions.
On behalf Of the Board
P.general british
We are currently
researching the application of windmill power
technology to create off grid units that can provide
the clean water
solution and at the same time be environmentally friendly. However,
the forward
-looking events and circumstances discussed in this press
release might not occur, and actual results
could differ materially
from those anticipated or implied in the forward-looking statements.flag country
(TSX
VENTURE:CES) is
pleased to announce the signing of a new distribution contract with
Envirostar
of South Africa.
Appointing this distributor starts to position Ecoprogress as a
truly global
business with distributors now signed in North America
and Africa.
ON BEHALF OF THE BOARD
OF DIRECTORS
John Banks, CEO and President
Consolidated Ecoprogress Technologies, Inc
Statements contained in this news release that are not historical
facts are forward-looking
statements as that term is defined in the
private securities litigation reform act of 1995. Such
forward-looking statements are subject to risks and uncertainties
which could cause actual results
to differ materially from estimated
results. These statements are based
on the Company's current
expectations as to future events.animated general
Envirostar is a South African company, based in Johannesburg
,
which focuses on distributing eco-friendly products into the South
African market.Wataire Industries
Corporate Update
R.
general atlasgeo
The TSX Venture Exchange has not reviewed nor accepted
responsibility
for the adequacy or accuracy of the contents of this
news release, which has been prepared by management
.flags indian
The water produced in our test machines have been subjected to
numerous water analysis tests
and have exceeded all North American
guidelines.com
About Wataire
Wataire was formed
by a team of veteran executives with extensive
experience in developing and bringing innovative products
to market.
Wataire Industries Inc.gif ocean
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