Message #1 From:
NewsBot Date: July 14, 2005 09:00:00 AM
WTER News WaterChef Completes Private Placement
GLEN HEAD, N.Y.--(BUSINESS WIRE)--July 14, 2005--David A. Conway, President and Chief Executive Officer, WaterChef, Inc. announced today that the Company has completed a $150,000 Private Placement to fund ongoing working capital requirements.
WaterChef markets the PureSafe Water Station, a self-contained, six-stage water purification system. The Company offers self-contained PureSafe systems that provide from 15,000 gallons to 225,000 gallons of clean, healthy water per day. The PureSafe destroys all living pathogens and handles a broad range of organic and inorganic water contaminants, producing pure water for less than half a penny per gallon. In addition to the core version of the PureSafe Water Station, WaterChef also markets versions of the PureSafe for ocean water desalination, heavy metals removal and the remediation of arsenic contaminated water.
WaterChef, Inc. (OTCBB: WTER) is headquartered in Glen Head, New York and manufactures the PureSafe in Bohemia, New York. To learn more about the Company and its products, please visit our website http://www.waterchef.net.
From time to time, information provided by the Company (including but not limited to this release), statements made by its employees or information included in its filings with the Securities and Exchange Commission may contain statements, which are so-called "forward -looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. With respect to such forward-looking statements, we claim protection under the Private Securities Litigation Reform Act of 1995. The Company's results may differ significantly from those stated in any forward-looking statements. Forward-looking statements involve a number of risks and uncertainties, including, but not limited to, product demand, pricing, market acceptance, litigation, risks in product and technology development and other risk factors detailed from time to time in the Company's Securities and Exchange Commission reports including, without limitation, its Form 1-KSB and Forms 10-QSB.
