LAFAYETTE, La., Jan. 6, 2005 (PRIMEZONE) -- Ultra Pure Water Technologies, Inc. (Pink Sheets:UPWT) (Ultra Pure) announced today that ICEX Holdings Ltd., Inc. (ICEX), a wholly-owned subsidiary of Ultra Pure, has completed installation and "beta" testing of five (5) "Ice Island" proprietary ice production units for BP West Coast Products, LLC (BPWCP). The units were installed in five AM/PM stores located in the Los Angeles, CA area. BP West Coast Products LLC is an operating division of British Petroleum.
The units were installed in compliance with the terms of a recently announced contract with BPWCP. Under the terms of the BPWCP contract, ICEX will initially supply thirty (30) of the "Ice Island" units to BPWCP operated stores in the California and Arizona markets. The contract terms state that BPWCP will lease the Ice Island units under a monthly payment schedule. In addition, BPWCP will pay a fee for each bag of ice sold from the units. The initial term of the contract is for a period of five years.
Daniel LeBlanc, President of ICEX stated, "We are extremely pleased with the installation of the first five 'Ice Island' units in British Petroleum's AM/PM stores located in the Los Angeles, CA area. The units have completed their production testing and are currently supplying the ice sales for the five AM/PM stores. The systems will allow BP to exercise better control of their bagged ice inventory, eliminate the need for ice deliveries, and allow for sales fulfillment during peak ice demand periods."
"We anticipate building a long and lasting relationship with BP that will allow for the installation of 'Ice Island' production units wherever the needs are justified to increase the profitability of ice sales at BP operated convenience stores," stated Mr. LeBlanc.
About British Petroleum
British Petroleum (BP) is one of the largest integrated oil companies in the world with operations in 100 countries with well-established businesses in North and South America, Europe, Africa and Australasia. BP retails fuel and everyday convenience items through more than 18,000 convenience store stations in the United States. The BP and Amoco brand names are used in the USA east of the Rocky Mountains and ARCO to the west. BP is the second largest marketer of petroleum fuel products in North America.
About ICEX Holdings, Ltd., Inc.
ICEX is a wholly owned subsidiary of Ultra Pure Water Technologies, Inc. with headquarters located in Lafayette, LA and a manufacturing support division located in Phoenix, AZ. The company manufactures a proprietary ice production unit known as the "Ice Island" system. The system is an on-site ice production, bagging, and storage unit. The patent-applied for technology totally automates production and packaging of ice products in a portable configuration installed at the customer's site. The target markets for the Ice Island system include convenience stores, grocery stores, hotels, resorts, hospitals and industrial complexes.
About Ultra Pure Water Technologies, Inc.
Ultra Pure Water Technologies, Inc. is engaged in the manufacture, sale, and rental of pure quality water purification equipment utilizing reverse osmosis filtration processes and water vending equipment. The company's products address various water treatment applications for commercial, residential, industrial, and institutional purposes. These applications range from providing purified drinking water through our reverse osmosis self-filling water coolers and under-the-counter systems to equipment for producing water for municipal systems with capacities exceeding 200,000 gallons per day utilizing desalination and reverse osmosis processing equipment.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.