Pure H20 Bio-Technologies, Inc. Announces Revenue Sharing Pilot Program
07 April 2009 - 10:31PM
Business Wire
Pure H2O Bio-Technologies, Inc. (Pink Sheets: PRHB) announced
today that it has launched it�s first Pilot Program under a
Participant Revenue Sharing Agreement (�PRSA�) of its Integrated
Hospital Potable Water Disinfection System Model 7000 (the �Unit�).
The Company intends to offer qualified individuals or entities
(�Participants�) the opportunity to share in revenues generated in
its first 100 Hospital Systems for use in related medical
facilities.
Under the terms of the Pilot Program, the Company will initially
sell up to a total of 100 PRSA�s to qualified Participants. The
Participant will pay for the inventory, assembly, related
laboratory and microbiologist fees associated with the final
certification for the System. Upon the completion of the
manufactured Units and its certification with the National
Sanitation Foundation (NSF), the Units will be placed in hospitals
and other related medical facilities.
Upon the placement of the Units, the Company will pay each
Participant an amount equal to 50% from the net proceeds received
by the Company from (i) direct purchase agreement(s), (ii) lease
agreement(s) or (iii) rental agreement(s). The Company and
Participant will share equally from revenues for the full term of
one of the above described executed contracts including renewals,
but not to exceed the anticipated 10 year life of the Unit.
Mr. Joseph Doxey, President of Pure H2O, stated, "The launch of
this program is a major milestone in our Company�s history. With
the successful implementation of this Pilot Program, we will have
made the transition from a development stage company to a
revenue-generating company. Additionally, we will have put the
Company in the position of being able to internally fund the
manufacture and distribution of our hospital system without the
need for outside financing."
Pure H2O recently completed all pre-certification testing of its
innovative drinking water treatment system with outstanding
results. Pure H2O is ready to complete final certification through
the EPA's contractor, National Sanitation Foundation (NSF). Upon
completion, the Company will begin additional marketing and sales
campaigns. The Company intends to target hospitals, nursing homes
and medical facilities in need of pathogen-free and chemical-free
water.
The Company will be announcing its progress on a regular basis
and will continue to keep its shareholders apprised through these
final stages. Visit our web site for updates and to view our
production Video at www.pureh20biotech.com.
The foregoing press release contains forward-looking statements
that can be identified by such terminology as "expects,"
"potential," "suggests," "may," "intends," or similar expressions.
Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results
to be materially different from any future results, performance or
achievements expressed or implied by such statements. In
particular, management's expectations regarding future research,
development and/or commercial results could be affected by, among
other things, uncertainties relating to the availability of future
financing; unexpected regulatory delays or government regulation
generally; the company's ability to obtain or maintain patent and
other proprietary intellectual property protection; and completion
in general. Forward-looking statements speak only as to the date
they were made. The company does not undertake to update
forward-looking statements to reflect circumstances or events that
occur after the date the forward-looking statements are made.
Pure H2O Bio Technologies (CE) (USOTC:PRHB)
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