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Re: theliarliarliar post# 17554

Tuesday, 08/07/2007 6:42:41 PM

Tuesday, August 07, 2007 6:42:41 PM

Post# of 107353
Thanks for posting that for us. Also, look at this previous PR announcing the electrowave acquisition:

"We are pleased to have completed the acquisition of ElectroWave, and believe this non-dilutive transaction is extremely beneficial for the company and our shareholders. As part of the acquisition, Deep Down paid-off $356,463.50 in bank debt and $43,815.00 in current debt of ElectroWave USA (Texas), along with ongoing accounts payable and received substantially all of the assets, including inventory, fixed assets, and accounts receivable.
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