Global Wataire Inc.
GLOBAL WATAIRE LAUNCHES $5 MILLION DOLLAR EQUITY OFFERING ON THE Berlin STOCK EXCHANGE
Corporate News transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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GLOBAL WATAIRE LAUNCHES $5 MILLION DOLLAR EQUITY OFFERING ON THE Berlin
STOCK EXCHANGE
New York, New York, December 13, 2006 Global Wataire Inc. (BB: GWTE), today
announced that it has Launched a $5 million equity offering on the Berlin
Stock Exchange. The offering is for 10,000,000 shares and if completely
subscribed will yield $5,000,000. The Companies shares currently trade at
$0.20
GWI President and CEO Sydney Harland commented, ‘ GWI has engaged White
Water Solutions Ltd. to provide public relations and awareness services to
the public and the investment community. The relationship will be a
critical factor in helping GWI carry out its plan to build a substantial
stockholder base in Germany and the rest of Europe.’
Ed Gorman, Chief Financial Officer Of GWI, said, ‘We are very pleased to
have White Water Solutions support our offering and we strongly believe
that the financing will allow the Company not only to continue to execute
its new business plan but also to prudently expand upon it.’
We provide both advisory and transactional services to help business owners
develop and implement the business strategies necessary to achieve their
financial objectives. Our participation is relationship driven and seeks
exclusive engagements that will enable both the client and the Company to
achieve superior results, positive cash flow and better than market returns
from their businesses. We bring together the expertise of 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 of our clients
both now and in the future as they grow and prosper.
For further information about this release and the Company, contact our
Investor Relations Manager: White Water Solutions Ltd., An Sankt Swidbert
37, 40489 Düsseldorf, Germany, Tel.: 0049 211 40 686, Fax.-Nr.: 0049 211 40
689
Contact: GWI:
Robert Levitt, (514) 242-1852
robert_levitt@vdn.ca
Complete information about the Company and its products is available at the
GWI web site, www.globalwat.com
Forward-looking statements in this release are made pursuant to the ‘safe
harbor’ provisions of the Private Securities Litigation Reform Act of 1995.
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.
(c)DGAP 14.12.2006
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