Purio's Direct Water Distribution Division Writes First Contracts
November 19 2008 - 4:15PM
Marketwired
Purio Inc. (OTCBB: PURO) is pleased to report that its first
commercial outlet in Southern California is now officially open.
The mandate of the division DBA UltraSafe Water Source? is to serve
the growing number of business offices that wish to eliminate
bottled water, aim to cut costs, eliminate the 5-gallon bottles
from their operations, and do so with nothing to buy.
Daryl English, President of Purio, says, "We have now officially
set sail into the marketplace. Businesses are motivated in many
ways to take action and upgrade their office water service from
bottle-style dispensers to modern point-of-use (POU) water
purifiers and totally do away with bottled water delivery. In
today's economy, the first motivation is cost cutting and we can
often cut the monthly water budget by over 25%. Our primary
objective is to let the world of business offices know how we can
help. Even at this early stage, we have written our first 3
contracts, and more quotes are in the pipeline waiting for
approval. One of the quotes is to a multi-campus educational
institution."
Current research shows that some 30 cities in North America have
banned the use of bottled water in their facilities and more are
discussing the topic in council rooms worldwide. This number grows
daily.
"It's a rare time in the course of normal business when
legislation is actually working FOR us," Mr. English states, "but
we know that offices are looking for help, even without government
prompting. By providing better economy, convenience, water
freshness, reliable supply and environmental care, we can offer our
clients a significant improvement over the old bottle-delivery
system."
"We have an arrangement with a national finance company that
gives us a cash payment on opening of a contract, and also provides
us with ownership of the equipment when the original term is
amortized. We then can look forward to a residual-style income from
the equipment, which has a life expectancy far beyond the lease,"
continues English.
Earl Switenky, spokesman for Purio Inc. and co-founder of
UltraSafe Water Source, Canada, adds, "Our research shows that
there are some 15.5 million business offices in North America
alone. Our location in California puts us in the heart of a
business-rich environment with thousands of offices within a 25
mile radius. Our efforts are now focused on establishing a
high-energy team of consultants. Since this industry trend is so
new, we will strive to make UltraSafe the first name that comes to
mind when prudent office managers look to upgrade their purified
water systems. Xerox did it in copiers, Kleenex did it in tissue,
and we recognize a similar opportunity for us in purified water
service."
About Purio Inc.
Purio owns proprietary water clarification technology suitable
to a broad number of applications including the clarification of
surface water, industrial process water and sewage. Purio intends
to apply its technology initially to industrial and commercial
applications to reclaim water and reduce the need for fresh water
in such applications. Purio further intends to use its proprietary
technology to produce potable water for commercial and residential
use. Purio will commercialize its technology via a number of
channels, namely licensing strategic partners to build and sell
&/or operate units outside of North America, outright sale of
their second generation (patent pending) units to end users and
will build, own and operate on a fee for service basis their larger
permanent installation units in North America.
Website: www.puriowatertech.com
Forward-Looking Statements
This press release "contains forward-looking statements" as that
term is defined in Section 27A of the United States Securities Act
of 1933, as amended, and Section21E of the United States Securities
Exchange Act of 1934, as amended. Statements in this press release
which are not purely historical are forward-looking statements and
include any statements regarding beliefs, plans, expectations or
intentions regarding the future. Since the forward-looking
statements relate to future developments, results or events, these
statements are highly speculative and involve risks, uncertainties
and assumptions that are difficult to assess. You should not
construe any of these statements as a definitive or invariable
expression of what will actually occur or result. Such
forward-looking statements in this press release include, among
others, that the company will finalize the completion of its
commercial outlet in Southern California, any general trend towards
POU water purifiers form bottle dispensers and any cost savings
that that there may be to consumers.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, (i) the Company's ability to obtain and
maintain adequate working capital requirements to operate Purio's
business; (ii) the Company's ability to obtain necessary permits
and approvals to operate Purio's business; (iii) the Company's
ability to market and sell clarified water; and (iv) the Company's
ability to negotiate and consummate license agreements for its
water purification equipment. These forward-looking statements are
made as of the date of this press release and the Company assumes
no obligation to update the forward-looking statements, or to
update the reasons why actual results could differ from those
projected in the forward-looking statements. Although the Company
believes that the beliefs, plans, expectations and intentions
contained in this press release are reasonable, there can be no
assurance those beliefs, plans, expectations, or intentions will
prove to be accurate. Investors should consider all of the
information set forth herein and should also refer to the risk
factors disclosed in the Company's periodic reports filed from time
to time with the Securities and Exchange Commission and available
at www.sec.gov.
Contact: Shawn Van Damme Investor Relations 1-877-512-1120
e-mail: svd@puriowatertech.com