|By Business Wire||
|April 21, 2014 08:18 AM EDT||
Quest Water Global, Inc. (OTCBB:QWTR) ("Quest" and/or "Quest Water" and or "Company"), an innovative water technology company, and developer of the AQUAtapTM Community Drinking Water Station and WEPSTM Atmospheric Water Extraction and Purification System, announced today that the Company has entered into negotiations with Global Air Water Resources ("GAWR"), a BVI Company, to form a joint venture for the purpose of providing GAWR - through the joint venture - with exclusive worldwide rights to market Quest Water’s WEPSTM products.
Global Air Water Resources is well positioned for this joint venture and to market the Company’s WEPSTM Atmospheric Water Extraction and Purification System. They have worked diligently within the atmospheric water space for close to ten years and have garnered strong worldwide relationships with governments, NGOs, and other decision makers.
"We are extremely pleased to be in negotiations with a respected atmospheric water specialist such as Global Air Water Resources to market WEPSTM," said John Balanko, Quest Water CEO & President, "Much of our effort to date has centered on bringing our solar powered AQUAtapTM Community Drinking Water Stations to market, and we have been waiting for the right opportunity and partner to expand the availability of our exciting WEPSTM technology. Together with Global Air Water Resources we are now ready to showcase WEPSTM. Quest Water would like to assure its shareholders that the joint venture will solidify implementation of a global marketing strategy for the WEPSTM line of products."
About Quest Water Global Inc.
Quest Water Global Inc., and its wholly-owned operating subsidiary Quest Water Solutions Inc., is an innovative water technology company that provides sustainable and environmentally sound solutions to water scarce regions. We use proven technologies to create economically viable products that address the critical shortage of clean drinking water in developing countries. Our goal is to provide an alternative, sustainable source of pure water at the smallest possible environmental cost, while becoming a leading company in providing turn-key solutions using alternative energy for the purification, desalination, and distribution of clean drinking water. For more information on Quest Water visit our website at www.QuestWaterSolutions.com
About WEPSTM Technology
Quest Water’s proprietary atmospheric Water Extraction and Purification Systems, known as WEPSTM, can provide water scarce regions with an alternate, sustainable, pure source of water without exploiting current, limited freshwater resources. The WEPSTM technology operates by converting humidity into water; the atmosphere contains approximately 13,000 cubic kilometers of fresh water as water vapor, six times the amount of water in all of the rivers worldwide. If all 7 billion people on Earth used water from atmospheric water extraction processors at 50 liters per day, they would consume daily only 0.0025% of available atmospheric water. Atmospheric humidity can be forecast in advance as can climatic conditions, allowing planning for maximum water production at times of peak humidity. The earth’s hydrologic system is also constantly replenishing the amount of water vapor in the atmosphere. In turn, WEPSTM does not exploit local water supplies, and the system uses no chemicals and produces no pollution or harmful by-products in producing clean drinking water.
Notice Regarding Forward Looking Statements
This press release contains projections and forward-looking statements, as that term is defined under applicable securities laws. Statements in this press release, which are not purely historical, are forward-looking statements. These statements are only predictions and involve known and unknown risks which may cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information, including: negative results from the Company's field operations; the effects of government regulation on the Company's business; risks associated with the Company's ability to obtain and protect rights to its intellectual property; risks and uncertainties associated with the Company's ability to raise additional capital; loss of management; and other factors beyond the Company's control. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity or performance. Further, any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by applicable law, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for management to predict all of such factors and to assess in advance the impact of such factors on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement. Readers should also refer to the risk factor disclosures and other disclosures outlined in the Company's periodic reports filed from time-to-time with the Securities and Exchange Commission on Edgar at www.sec.gov and with the British Columbia Securities Commission on SEDAR at www.sedar.com.
CONTACT: John Balanko, Quest Water Global, Inc.