TMCnet News
Trans Max Technologies, Inc. Acquires Victor Vartovy & Co. - Odessa, Ukraine LAS VEGAS --(Business Wire)-- Aug. 31, 2004 -- Trans Max Technologies, Inc. (OTCBB: TMAX) announces the purchase on the 23rd of August, 2004, of Victor Vartovy and Company of Odessa, Ukraine, a group that has developed a unique and proprietary system for extracting potable water from atmospheric moisture. There is 16 oz of water in 19 cubic yards of air at 60% RH and 86 degrees F. One cubic mile of air @ 20% RH and 104 degrees F. contain 11 million gallons of water.This distinctive technology does not require chilling, but heat, to extract moisture from the air. Recent breakthroughs in using waste-heat or zero-cost heat has opened the way to low-cost water for large industrial and municipal installations to the existent family-size Water Air Machines (WAMS) of 150 liters of water per day. WAMS in the thousands and tens of thousand-cubic-meters of water per day are being designed and will likely be first introduced in regions of low or zero-cost energy such as flare gas in oil producing regions and low-cost waste-heat from power stations and energy intensive industries such as aluminum smelting. The purchase price from Groupo Aquinas of Latin America was fifty million Trans Max common shares. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, when used in the prededing discussion, the words "believes", "expects", "intends", "will", "anticipated", or "may", and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Except for historical information, all of the staements, expectations, and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions are made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and amount of growth in the company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Form 10-QSB; and any reports on Form 8-K. Trans Max Technologies, Inc. does not take any obligation to update or correct forward-looking statements and also they do not take any obligation to update or correct information prepared by third parties which are not paid for by the Company. |
