Drywave Technologies Inc.
DRYWAVE Technologies, Inc. To Begin Trading on the Frankfurt Exchange
Drywave Technologies Inc. / Key word(s): IPO DRYWAVE Technologies, Inc. To Begin Trading on the Frankfurt Exchange Toronto, Canada – February 20th, 2012 – DRYWAVE Technologies, Inc. ('DRYWAVE'), a developer of advanced hydrotherapy systems used to reduce stress, relieve pain, and treat illness, will begin trading on the Frankfurt Exchange in Q1, 2012. DRYWAVE's flagship product offering, the SolaJet Massage System, combines a soothing full-body wave of warm water with powerful deep tissue massage. DRYWAVE has sold several hundred SolaJet Massage Systems in test markets and will aggresively expand its international sales efforts in the coming months. In 2011, SolaJet was selected as new product of the year by Costco. 'A significant body of peer-reviewed medical research has shown that the massage can relieve pain, reduce anxiety and depression, and temporarily reduce blood pressure,' said Todd Howe, Chief Operating Officer of DRYWAVE. 'We look forward to bringing this innovate hydrotherapy technology to consumers in Canada, the U.S. and abroad.' More than $2 billion is spent on massage chairs globally each year. Major players include Osim International, with 25 percent market share and sales exceeding $750 million. DRYWAVE's innovative hydrotherapy is preferred 8-to-1 over traditional massage chairs. In addition to SolaJet Massage System sales, DRYWAVE intends to launch a number of Massage Spas locations, offering affordable and convenient massage therapy and wellness treatments. In the U.S., $5 to $7 billion is spent annually on massage therapy each year. 'Listing on the Frankfurt Stock Exchange will provide the capital needed to accelerate the growth of DRYWAVE and meet existing demand for SolaJet Massage Systems. We are also aggressively pursuing the introduction of DRYWAVE Spas,' said Mr. Howe. About DRYWAVE Technologies, Inc. DRYWAVE is developing and commercializing breakthrough personal health products leveraging the company's deep experience in the massage market. DRYWAVE's flagship offering, the SolaJet Massage System, combines a soothing full-body wave of warm water with powerful deep tissue massage. No other form of massage combines the therapy, safety, convenience, value or pure enjoyment of the SolaJet experience. For more information visit: drywavemassage.com Contact
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