VANCOUVER, British Columbia, Feb. 28, 2006 (PRIMEZONE) -- Wataire Industries, Inc. (Pink Sheets:WTAF), an international company focusing on developing and delivering technology-based water harvesting systems worldwide, is pleased to announce the signing of an exclusive agreement with Chief Bert Alexander and Merril Messervey dba as "Samquan" to become exclusive agents for the marketing and distribution of Wataire Industries products to the First Nations of Canada.
Under the terms of the agreement, "Samquan" is obligated to purchase a minimum of five forty-foot containers and five CI 2500 industrial generators per year to retain exclusivity.
The contract will produce a minimum revenue of approximately 1.5 million dollars annually to Wataire Industries, Inc.
Wataire Industries president Mr. P. Fraser stated, "Canada is a developed nation; we generally assume the water we drink is safe and clean. But for many of the half a million Canadians living on First Nations reserves, access to clean and safe water is a major problem."
Currently, over 100 First Nation communities must boil their drinking water. Health Canada indicates that more than half of those communities are located in rural and remote locations. Indian and Northern Affairs identified that over one quarter of the water treatment systems in First Nations communities remain at high risk to contamination. A report by the Office of the Auditor General recently concluded that the federal government's unregulated and poorly coordinated approach to First Nations water treatment poses a very real and dangerous threat to First Nations citizens.
Chief Bert Alexander, P.Hrc., NP principle of Samquan was born in the small community of Aguathuna on the Port au Port Peninsula of Newfoundland and Labrador and currently resides in the community of Kippens. His extensive and diverse professional background includes extended periods in financial and human resource management, education and business development. He currently teaches accounting and business programs (marketing, economics, civil law, professional development skills, etc.) at Western College (formerly CompuCollege School of Business) in Stephenville, NL. Among his credits, he has developed and trained several sales teams in both Canada and the United States.
He was elected Chief of the Ktaqamkuk Mi'kmaq Alliance, KMA, in June 2002 and since then he has helped build the organization from its original 240 members to an aboriginal organization comprised of approximately 7,500 members. He continues to be a strong advocate for aboriginal rights for his people.
About Wataire
Wataire was formed by a team of veteran executives with extensive experience in developing and bringing innovative products to market. The team is comprised of leaders and advisors who have extensive backgrounds in business administration, project management, manufacturing, international distribution, sales, and marketing. Wataire is committed to providing an array of innovative solutions that will help prevent fresh water shortages.
On behalf of the Board Phil Fraser President and CEO
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
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