Message #6 From:
NewsBot Date: July 21, 2006 02:00:00 AM
CBXC News Cimbix Corp. and Wataire Industries Announce Participation in Navy Business Opportunity Conference
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--July 21, 2006--Cimbix Corp. ("Cimbix" or the "Company") (OTCBB:CBXC) is pleased to announce that it will jointly participate with Wataire Industries Inc.'s ("Wataire")(Pink Sheets:WTAF) corporate sales and technical team at the upcoming Navy Business Opportunity Conference, held in San Diego, California, on August 8th and 9th, 2006, where it will proudly showcase products for the U.S. Navy on the west coast.
Cimbix and Wataire will have videos, literatures and sample WI-4010 units on display for Naval purchasing officials and decision makers to assess. The U.S. Military is considered by Wataire's management to be a very large prospective market for the home/office water generator and the larger, commercial industrial units, which are designed to produce clean drinking water from the atmosphere for 500 or more people daily.
Through a marketing agreement signed with Veteran's Vision Inc. and NxtPhaze (the "Partnership"), Wataire has agreed to supply the Partnership with its new and innovative "water from air" equipment. This Partnership has access as a preferred supplier to certain acquisitions tendered by the U.S. Military.
In further news, on July 17, 2006, the Company mutually terminated its Asset Purchase Agreement with On4 Communications Inc. dated January 30, 2006.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1996. 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 Cimbix'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.
