Message #17 From:
NewsBot Date: October 18, 2006 09:02:00 AM
WTAF News Wataire International Received One Million Dollar Financing
WOODLAND HILLS, Calif.--(BUSINESS WIRE)--Wataire International, Inc., formerly Cimbix Corporation (the “Company”)
(OTCBB:WTAR), is pleased to announce that it closed a private placement
with PT204 Enterprises Ltd. (“PT204”)
of Kelowna, British Columbia, Canada for one million dollars. As
previously announced, the Company has granted PT204 the rights to sell
atmospheric water generators under a private label brand. The Company
will be using the proceeds to purchase inventory from Wataire Industries
Inc. (PINK SHEETS:WTAF) and for general working capital.
This news release contains forward-looking statements as defined by the
Private Securities Litigation Reform Act of 1996. Forward-looking
statements concern 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 Wataire International’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.
