Wataire Ecosafe Technologies Announces Further Progress on Turbine Development ProjectLast update: 11/6/2007 9:00:10 AMVANCOUVER, British Columbia, Nov 06, 2007 (BUSINESS WIRE) -- Wataire Ecosafe Technologies Inc. (Pink Sheets:WTAF) is please to announce to its shareholders progress on its new Turbine Atmospheric Water Generator, which is now in the post-design stage. Wataire Ecosafe Technologies is currently negotiating with two engineering firms to complete the design for the production model of the commercial turbine-based water generator. Company President Max Weissengruber stated, "The company has already developed and tested a prototype that clearly verifies that air can be used as an environmentally friendly coolant. It is time we now quickly move forward with the completion and testing of a full production model. The planned Turbine technology will not only generate safe drinking water but can simultaneously provide air conditioning and a heat source for hot water use in individual homes. We believe that this new technology application will help meet several consumer home comfort needs in a practical and cost-efficient manner." This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995 -- forward-looking statements concerning 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 Ecosafe'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. SOURCE: Wataire Ecosafe Technologies Inc.
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