Global Wataire Inc.
GLOBAL WATAIRE INC. ANNOUNCES OF LETTER OF INTENT WITH NEXGEN BI0 ENERGY
Global Wataire Inc. / Letter of Intent Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- GLOBAL WATAIRE INC. ANNOUNCES OF LETTER OF INTENT WITH NEXGEN BI0 ENERGY. Germany, July 5, 2007 Global Wataire Inc. (Berlin and Frankfurt Stock Exchange: WKN: A0LC2Q), announced today that on 25 June 2007, we entered into a letter of intent NexGen Bio Energy, LLC.,(NexGen) of Marion, Ohio with respect to a proposed transaction in which Global, or its subsidiary, will purchase from NexGen a 4 million gallon per year, automated, continuous flow, programmable logic controlled, biodiesel production plant designed by Biodiesel Technologies, Inc. and manufactured by Total Energy Resources, Inc, both of Tulsa, OK. The biodiesel plant, designated a BPU400, is to be installed in a biodiesel plant facility either rented from NexGen or in a plant we will acquire. It is intended that this purchase will be the first in a series of investments in the biodiesel production industry. GWI President and CEO Sydney Harland commented, 'Demand for oil continues to grow, despite the growing concern about the political instability in major oil producing regions. Internal combustion engines are a major contributor to global warming. Biodiesel produces lower emissions of greenhouse gasses, and offers an alternative to fossil fuels which account for 20-30% of global emissions. Furthermore biodiesel reduces dependence on foreign oil and it also offers a significant growth opportunity for agricultural industry, because it is produced from domestically grown vegetable and animal oils'. There are currently 148 Commercial Biodiesel Production Plants in the USA. This is only the beginning. The US Government and its citizens are committed to reducing greenhouse emissions and becoming more energy self-sufficient. Both Federal and State Governments offer substantial incentives for Biodiesel producers to build plants in the form of tax credits, grants and loan guarantees. GWI is excited about the Biodiesel industry and about our biodiesel investment. We are committed to making additional biodiesel investments in the future. GWI provides promising start-up businesses with coaching, consulting, networks and access to capital to develop and implement strategies to achieve their financial objectives. We bring together an experienced team of professionals dedicated to developing the right strategies for our clients to get the funding they need to succeed. Our team of professional and associates are committed to being strategic partners with our clients as they grow and prosper. Investor Relations Kontakt: White Water Solutions Ltd., An Sankt Swidbert 37, 40489 Düsseldorf Tel.: 0049 211- 40686, Fax: 0049 211- 40689 email: wws-info@web.de Complete information about the Company and its services is available at the GWI web site, www.globalwat.com This 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 09.07.2007 ----------------------------------------------------------------------
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