Message #11 From:
Stock News Bot Date: March 9, 2005 06:40:19 AM
UCSY Universal Communication Systems, Inc. Subsidiary Atmospheric Water Technologies, Inc. Signs Exclusive License Agreement With Watermaker (India) PVT Limited
Universal Communication Systems, Inc. Subsidiary Atmospheric Water Technologies, Inc. Signs Exclusive License Agreement With Watermaker (India) PVT Limited
MUMBAI, INDIA - MARKET WIRE - 03/04/05
Universal Communication Systems, Inc. (OTC BB: UCSY) subsidiary Atmospheric Water Technologies, Inc. company president Michael J. Zwebner announced today that the company has entered into a License Agreement with Watermaker (India) PVT Limited, of Mumbai India.
Under the terms of the agreement, Watermaker (India) will pay a License Fee in the amount of $100,000 for the exclusive rights to manufacture and / or market a range of Air Water - and Watermaker branded machines in all of the Indian sub-continent.
The company plans to offer and market many of the Air to Water machines in the Indian market. India, with a population of about 1.3 billion people, is a large country that has serious and immediate water needs, and the company has plans to secure a major share of this growing marketplace.
Mr. Zwebner, in a statement issued in Mumbai, stated, "We are very happy to have entered into this agreement with this group. The owners are a well established Indian family, the Katgara's, whose company has been in business for over 100 years, being one of the leading organizations dealing in activities ranging from the Travel Industry, Global Logistics, Freight Forwarding & Clearing, handling and representing major international accounts through their extensive network. We feel that this group is most qualified and able to perform in the Air to Water Industry, and further promote our complete range of products and services in India."
Mr. Pallan Katgara, director of Watermaker (India) Pvt Limited, stated, "We are delighted to be associated with Mr. Zwebner and his company Atmospheric Water Technologies, Inc and the pioneering technology of air to water machines much needed in India. Drinking water solutions are certainly an industry where we have chosen to diversify into and we see unlimited opportunities as atmospheric conditions in India make this the most suited technology for the future in a country where drinking water scarcity is a reality of great proportions."
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Safe Harbor:
Caution Concerning Forward-Looking Statements by Universal Communication Systems, Inc. This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and factors affecting the integration of the businesses of Universal Communication Systems, Inc. More detailed information about these factors may be found in filings by Universal Communication Systems, Inc. with the Securities and Exchange Commission, including their most recent annual reports on Form 10-KSB and quarterly reports on Form 10-QSB. Universal Communication Systems, Inc. is under no obligation to, and expressly disclaim any such obligation to, update or alter their forward-looking statements, whether as a result of new information, future events, or otherwise.
