Global Wataire Inc.
GLOBAL WATAIRE INC. ANNOUNCES MEM0RANDUM OF UNDERSTANDING WITH AMERICAN RESOURCE PETROLEUM CORPORATION.
Global Wataire Inc. / Letter of Intent Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- GLOBAL WATAIRE INC. ANNOUNCES MEM0RANDUM OF UNDERSTANDING WITH AMERICAN RESOURCE PETROLEUM CORPORATION. Monday, March 26, 2007 9:00 AM ET NEW YORK, NEW YORK: March 26, 2007 -- Global Wataire Inc. (GWI) (OTCBB:GWTE.OB - News), (Berlin: WKN: AOLC2Q) a Financial Advisory and Investment company is pleased to announce it has signed a memorandum of understanding (MOU) with American Resource Petroleum Corporation (ARPC) to facilitate ARPC’s transition from a private corporation to a fully registered, listed and actively trading public corporation. Sydney Harland, President and Chief Executive Officer of GWI, stated, 'Because of American Resource Petroleum Corporation ’s superior tar sand oil processing technology, combined with higher oil prices and concerns about the current worldwide oil supply, ARPC is well positioned to profitably produce oil from Utah’s vast tar sand deposits. We are confident that this venture will result in a successful IPO for ARPC and substantial returns for Global Wataire’s growing portfolio.' About Global Wataire Inc. GWI provides advisory and transactional services to help businesses develop and implement the necessary strategies to achieve key financial objectives. GWI seeks exclusive investment opportunities that will enable both the Company and its clients to optimize financial returns, and achieve positive cash flow and better than market returns for their businesses. We bring together the expertise of an experienced team of dedicated professionals committed to building strong strategic partnerships with our clients from inception to growth to maturity. To learn more about American Resource Petroleum Corporation go to www.globalwat.com and follow the link to ARPC. Contact for Investor Relations: White Water Solutions Ltd., An Sankt Swidbert 37, 40489 Düsseldorf, Germany T: +49 211 40 686 F: +49 211 40 689 email: wws-info@web.de This press release contains 'forward-looking statements.' Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. DGAP 27.03.2007 ----------------------------------------------------------------------
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