Drywave Technologies Inc.
DRYWAVE Technologies, Inc. Announces Private Placement with Centaurian Fund
Drywave Technologies Inc. / Key word(s): Miscellaneous DRYWAVE Technologies, Inc. Announces Private Placement with Centaurian Fund Toronto, Canada – March 28th, 2012 – DRYWAVE Technologies, Inc. ('DRYWAVE') is pleased to announce that Centaurian Fund, LP ('Centaurian'), a US based investment fund, has completed a private placement purchase of approximately 1.2 million shares of DRYWAVE common shares. The proceeds from the sale will be used as general working capital, marketing and research. According to officials at the fund, 'Centaurian is actively pursuing attractive investment possibilities throughout the world. We believe that DRYWAVE fits our criteria for investment and we are excited by its future prospects. ' DRYWAVE's SolaJet Massage System combines a soothing full-body wave of warm water with powerful deep tissue massage. The Company has sold several hundred SolaJet Massage Systems in test markets and will aggressively expand its international sales efforts in the coming months. In 2011, SolaJet was selected as new product of the year at Costo's annual introduction exposition. 'Centaurian is exactly the type of institutional partner that will work with us to realize DRYWAVE's long-term plans for growth. We appreciate Centaurian's confidence in our business, their financial strength, and their commitment to our Company,' said Steve Howe, DRYWAVE's CEO.
About Centaurian Fund Centaurian Fund, L.P. is a US based, private equity fund that identifies and structures public and private market transactions for corporations across numerous industries. 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
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