PURH - Pure H2O Inc. Authorizes Plan for Major Stock Buy Back of up to 51% of Float
Pure H2O Inc. (PINKSHEETS: PURH), a provider of water treatment and purification systems, is pleased to announce the approval by its Board of Directors to buy back up to $2.5 million of its common shares.
At the close of business on April 12th, 2007 there existed 112.8 million shares in Pure’s public float. The proposed plans are to purchase up to 60 million shares in the open market. This will represent approximately 51% of the public float.
“The current share price offers a unique opportunity to re-acquire and cancel outstanding company stock. In our opinion, the current share price does not accurately reflect the company’s current conditions, revenue picture or it’s growth potential,” stated Mr. Harvey Panesar, Secretary of Pure H2O Inc.
About PureH2O, Inc.:
Pure H2O, Inc. (PINKSHEETS: PURH) is a corporation which provides end-to-end consultation, design, implementation, and sales of technical solutions for clients with problem water. Pure H2O provides a full-service program that includes comprehensive application development, integrated storage and dosing equipment, chemical inventory supply and management as well as ongoing field and technical operations support. The Companies objective is to provide every client with cost effective and value added full-service solutions to meet their water quality control needs.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events
Taylor Capitol, Inc.
Stephen Taylor, 973-351-3868
STEPHTAYL9@AOL.COM
Source: Business Wire (April 13, 2007 - 2:00 PM EDT)
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