Nick Kontonicolas is no johnny come lately to BUGS.
Credits for the following go to harvard_88 from investorshub:
BUGS/Honduras: SSWM and C. TradeUsa to JV Water Project in Honduras; Companies to Provide Pure Drinking Water for the Citizens of Honduras
Business Wire, July 28, 2004
CARLSBAD, Calif. -- Bruce Beattie, president of Sub Surface Waste Management of Delaware Inc. (OTCBB:SSWM), announced today that it will joint venture with C. TradeUsa Inc., a water systems integrator, to provide pure drinking water for the citizens of Honduras in conjunction with ADECO -- the Association for Community Development -- a registered non-governmental organization (NGO) in Honduras. The companies will be using the PureSafe Water Station technology supplied by WaterChef Inc. (OTCBB:WTER), a water purification equipment vendor. ADECO has contracted with the individual municipalities (of which there are 332) to co-venture to provide pure drinking water for the citizens of Honduras. ADECO is a not-for-profit social development organization with over 13 years of successful program management. ADECO has selected WaterChef's patented PureSafe Water Station as the water purification system to be utilized. SSWM and C. TradeUSA will purchase the equipment and supply it to ADECO on a lease-buy basis. C. Trade Inc. has over ten years' successful experience in initiating and operating "B-O-T" (build, operate and transfer) projects in China and Honduras, and will utilize this experience to assure a successful launch in the potentially lucrative Latin America market. C. Trade also has existing distribution networks in Bangladesh, Venezuela, Greece and Colombia, and believes these to be fertile markets for the sale of water. Mr. Nick Kontonicolas stated, "We are very excited about our continued progress working with BUGS, SSWM, and our client WaterChef, Inc. We hope to keep testing and integrating our respective patented technologies to bring about continuous and steady revenues and growth."Robert Brehm, CEO of BUGS, stated, "I am pleased with our association with C. Trade and look forward to proving biotechnology products and services which complement and fulfill the needs to have pure water to drink, clean soil to grow food, and healthy agriculture crops to reduce hunger in Third World countries. Our unique products and services fit very well with the marketing and deployment activities of C. Trade Group."
All Statements are just opinions and should not be viewed as advice
