AquaCell Submits Required Documents to American Stock Exchange for Continued Listing
May 05 2005 - 4:30PM
Business Wire
AquaCell (AMEX:AQA) announced today that it has submitted the
documentation required by the American Stock Exchange for the
listing of additional shares on the exchange in response to a
letter the company received from the AMEX on April 29, 2005. The
letter informed the company that it was not in compliance with the
Amex Company Guide as it relates to timely application to list
additional shares and the furnishing of exhibits to an Additional
Listing Application. The company has subsequently provided the
required documentation. Gary S. Wolff, AquaCell's chief financial
officer, said, "We take full responsibility for not having
furnished this documentation to the exchange on a timely basis, and
will take the necessary steps to ensure this oversight does not
happen again." INTRODUCING AQUACELL AquaCell, based in Rancho
Cucamonga, through its Aquacell Media Inc. operating subsidiary,
installs its patented self-filling Aquacell 1000 Bottled Water
Cooler Systems free of charge into various locations, including
retail establishments. Aquacell Media retains ownership of the
coolers, and revenue is generated through the sale of targeted
advertising on the band of the cooler's permanently attached
five-gallon bottle of products and/or services pertinent to the
location, similar to the concept of billboard advertising. The
company also manufactures products for water filtration and
purification through its two operating subsidiaries, Water Science
Technologies Inc. and Global Water-Aquacell Inc. Its products
address various water treatment applications for industrial,
commercial, institutional and residential applications. These
applications range from providing purified drinking water --
through its point-of-use patented self-filling water cooler and
production of water bottling plant equipment -- to processing water
for ultra-pure purposes, such as micro-chip and pharmaceutical
manufacturing. Safe Harbor Statement Under the Private Securities
Litigation Reform Act of 1995 Certain statements in this press
release constitute "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the company to be materially
different from any future results, performances or achievements
expressed or implied by such forward-looking statements.
Forward-looking statements include, but are not limited to,
statements about: our ability to continue relationships with
customers; our ability to offer our products at competitive prices;
our ability to maintain our listing on the American Stock Amex; and
our ability to use the most current technology for our products.
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