Wataire Ecosafe Technologies Inc. Shareholders UpdateLast update: 11/21/2007 9:00:12 AMVANCOUVER, British Columbia, Nov 21, 2007 (BUSINESS WIRE) -- As previously announced, Wataire Ecosafe Technologies Inc. (Pink Sheets:WTAF) is currently negotiating terms to build the production model water turbine generator. The turbine technology will harvest water from the atmosphere as well as provide heat or air conditioning at the same time to individual homes or businesses. The company will announce further progress in the near future as well as a name change to eliminate investor confusion over the use of the Wataire name in both Wataire Ecosafe Technologies Inc. and Wataire International Inc. Ecosafe is currently constructing a new website which will reflect a name change and the current business of the company both in R&D and manufacturing. The company is also developing a new strategy with technology partners to incorporate other technologies such as solar and wind-powered generators to complement the turbine technology. President Max Weissengruber stated, "Even though the company has struggled over the past months, the support from shareholders and principals has been sustained due to the collective belief in the superiority of the technology already developed. We need to move forward and complete the turbine production model in a timely fashion. There are a number of companies who have expressed interest in either acquiring or licensing the technology once the production model is complete. Completion of the production model could provide the much needed financing to assist the company to fully exploit the significant potential for introduction of a new drinking water technology." Forward-Looking Statements in this release are made pursuant to the "Safe Harbour" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. SOURCE: Wataire Ecosafe Technologies Inc.
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