VIPR Corporation (VIPV)

[Gatorelf]

STWG announces the signing of a memorandum of understanding with AKO Holding of the United Arab Emirates. The MOU provides for the sale of billions of gallons of bulk water, the company's distribution technology and the supply of receiving/packaging facilities in Saudi Arabia, Qatar, Bahrain, Yemen, Kuwait, Oman, United Arab Emirates, Jordan, Libya, Syria, Egypt and Kazakhstan.

As of today’s date and as a direct result of AKO’s involvement, a dialogue has been established with a leading group in Saudi Arabia in order to negotiate the price and terms of a supply agreement of bulk water to Saudi Arabia. Final agreements will be announced for each Arabian Gulf client as they are completed. “We are honored to have formed a business relationship with Mr. Adel Al Otaiba’s company” says Mr. Rod Bartlett, President and Managing Partner of S2C Global’s operating companies. “We expect to meet Mr. Otaiba in Dubai in the near term to conclude our first sale of water into the Gulf Co-operating Countries (Arabian Gulf).”

About AKO Holding

AKO Holding is a UAE based company with offices in Dubai and Abu Dhabi lead by Mr. Adel Al Otaiba a successful and respected member of the global business community. AKO Holding has a diversified portfolio of business and real estate investments, including oil & gas, aviation, finance and real estate in countries around the world.