Centriforce: Why Water and The Thirst for Profits
December 15 2008 - 6:00AM
Business Wire
Centriforce Technology Corp. (Pink�Sheets:CNFO) provides an
overview of the industrial fresh water market and potential
opportunities. Industrial fresh water solutions are concentrated in
the hands of a few giants such as General Electric (NYSE:GE) and
Dow Chemical (NYSE:DOW), but many investors are not familiar with
what is happening in the water business on a worldwide scale.
Centriforce Technology expects to deliver a lower-cost, efficient
desalination technology to help fill the growing demand for fresh
water. It�s competitive advantage will be the ability to deliver
fresh water at a lower cost than its competitors. The following
points provide a brief view into the fresh water market. More
information is available at www.CNFOwater.com. Water is big
business: Boone Pickens has already spent over $100 million buying
water rights in Texas; Huge tracts of agricultural land have been
abandoned because there is not enough water for irrigation; San
Diego is building a $300 million desalination plant just north of
the city. Robert F. Kennedy, Jr. recently noted that �we are
witnessing something unprecedented: Water no longer flows downhill.
It flows toward money.� Water resources are limited: 97% of the
earth's water is salt water; 2% of the earth's water is frozen in
glaciers; 1% of the earth's water is available for human
consumption, agriculture and recreation. Water is overused and
often wasted: One-half of the earth�s fresh water is polluted; A 10
minute shower uses 25 - 80 gallons of water; A typical bath uses 40
- 60 gallons; Individuals in some cities use up to 300 gallons per
day. Individuals in water-conservation cities use at least 50
gallons per day. One day�s supply of newsprint in the U.S. uses 3
million gallons. Population growth in India, China and other areas
is increasing the demand on already stretched water resources and
overuse is draining reservoirs in the U.S., Asia and China. When
combined with the pollution of water sources by agricultural uses
and industry, the world is on the edge of a water crisis. For more
information, visit Centriforce Technology's website at
http://www.cnfowater.com. Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995: This news release
contains forward-looking information within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, including
statements that include the words "believes," "expects,"
"anticipate" or similar expressions. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or
achievements of the company to differ materially from those
expressed or implied by such forward-looking statements. In
addition, description of anyone's past success, either financial or
strategic, is no guarantee of future success.