Peterborough, CANADA -- November 29, 2017 --
InvestorsHub NewsWire -- Rainmaker Worldwide Inc. today announced
the following shareholders' update from CEO, Michael
O'Connor.
Fellow Rainmaker Shareholders,
Rainmaker's management is working hard to execute our business
strategy with a clear focus and a commitment to open dialogue and
communication with the Company's regulators, shareholders, and
customers. After all, we're shareholders too, and have a mutual
goal to see Rainmaker prosper and grow well into the future.
As many of you know, on October 11th, 2017 OTC Markets issued a
Caveat Emptor designation on our company. I would like to take this
opportunity to address the situation and the process by which the
Caveat Emptor was lifted on November 22nd, 2017.
At the time, OTC representatives notified Rainmaker of a website
promoting our stock and deemed the promotion to run counter to
their policies. OTC has since issued policy guidelines, available
on www.otcmarkets.com, which we fully endorse and
support. Over the course of the past several weeks, we have been in
close contact with OTC to clarify our position, which resulted in
having the Caveat Emptor lifted:
1. First, we unequivocally represented that neither the Company
nor any member of its management team initiated or participated in
any promotion or awareness program for our company stock.
Furthermore, neither the Company nor any member of its management
team authorized any promotion or awareness program on the Company's
behalf.
2. Second, the only media that Rainmaker has produced or
authorized is on our website, our clearly identified social media
channels, and the press releases and filings posted by the Company
on the OTC Markets' page. As previously released, please find the
link to company approved investor material: http://rainmakerww.com/investors-investor-download-kit/.
This will continue to be the case. Any news, positive, or negative,
unsanctioned by Rainmaker executives should be viewed with extreme
caution for current and potential investors. We will be steadfast
in our efforts to monitor external information and communicate with
our shareholders in an expeditious and transparent manner, in
accordance with applicable securities laws and OTC policy.
Rainmaker is currently compliant in all these areas.
3. Third, none of Rainmakers' founders, executive management,
angel investors, and/or insiders hold free-trading shares in the
Company. We reaffirmed that fact through two updated attorney
letters that are now available at www.otcmarkets.com as well as our quarterly filings
that have since been posted. This information is available on our
OTC company profile.
4.Finally, we caution anyone considering an investment in
Rainmaker to consult with their financial advisor to determine
whether an investment is suitable for them and base any decision on
information that is provided directly by the Company.
We are here for the long term.
As CEO, and a significant shareholder of RAKR, I fully respect
the OTC Markets' mandate to protect investors. We very much
appreciate the recently published guidance and look forward to
continuing to work with OTC.
The Rainmaker team will always employ only the best practices of
public company communications as we move forward to articulate the
Company's activities, progress, and milestones. I would like to
reassure you that we are here for the long term to bring our
groundbreaking technology to worldwide markets.
We will act in your company's best interests at all times as we
move forward creating growth, value, and good global
stewardship.
On behalf of the Board of Directors,
Michael O'Connor
CEO, Rainmaker Worldwide
About Rainmaker Worldwide Inc.
Rainmaker Worldwide Inc. (OTC:
RAKR) is headquartered in Peterborough, Canada, with an
innovation and manufacturing center in Rotterdam, Netherlands. Our
patented water technology provides economical drinking water at
scale wherever it's needed. Rainmaker builds two types of
energy-efficient, fresh water-producing technologies:
1. Air-to-Water, which harvests fresh water from the air
2. Water-to-Water, which transforms seawater or polluted water
into drinking water
Our technology is both wind and solar powered, is deployable
anywhere, and leaves no carbon traces. We also offer options for
hybrid, grid, and diesel-powered models.
Air-to-Water units are available in three standard sizes,
producing 5,000, 10,000, or 20,000 liters of drinking water per
day. Water-to-Water units are also available in three standard
sizes producing 37,500, 75,000, or 150,000 liters per day. Our
sweet spot is serving communities of 200 to 30,000 people.
Our goal is to become a global leader in solving the worldwide
water crisis. Simply put, we're creating safe, drinking water where
little or none exists.
Interested parties can access additional information about
Rainmaker on the Company's website located at http://www.rainmakerww.com.
Forward-looking Statements
Certain matters discussed in this announcement contain
statements, estimates, and projections about the growth of
Rainmaker's business, potential distribution partnerships and/or
clients, and related business strategy. Such statements, estimates,
and projections may constitute forward- looking statements within
the meaning of the federal securities laws. Factors or events that
could cause our actual results to differ may emerge from time to
time. Rainmaker undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. The recipient of this
information is cautioned not to place undue reliance on
forward-looking statements.
