Crystal Water Technologies Company Ltd.
Crystal Water Technologies Company Ltd.: Crystal Water Technologies Signs Contract with Freeport Area of Bataan
Crystal Water Technologies Company Ltd. / Key word(s): Contract Crystal Water Technologies Signs Contract with Freeport Area of Bataan Toronto, Canada – (For immediate release) – April 13, 2010 Crystal Water Technologies Company Ltd.: Deutsche Börse symbol: 3SX. (www.crystalwater.ca), is pleased to announce that it has signed a contract with the Authority of the Freeport Area of Bataan (AFAB) to build a water treatment plant to provide potable water for the Freeport Area of Bataan, including all of the municipality of Mariveles. Monthly water consumption for the Freeport economic zone is estimated at 310,000 cubic liters. The contracted selling price per cubic liter is Php 4.25 giving annual gross revenues of just under Php 16 million. Net operating expenses are estimated at Php 2.5 per cubic liter. Republic Act No. 9728 converted the existing Bataan Economic Zone located in Mariveles, Bataan into a special economic zone to be known as the Freeport Area of Bataan (FAB) last year. Under the Implementing Rules, the FAB is a separate customs territory consisting of the Bataan Economic Zone and the entire Municipality of Mariveles. As such, all articles may be imported by FAB enterprises into the FAB free of customs and import duties and national internal revenue taxes. Disclaimer & Safe Harbor Statement: Crystal Water Technologies Company Ltd. Email: info@crystalwater.ca End of Corporate News 14.04.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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