VANCOUVER, British Columbia, March 7, 2006 (PRIMEZONE) -- Wataire Industries Inc. (Pink Sheets:WTAF), an international company focusing on developing and delivering technology-based water generation systems is pleased to announce that shareholders owning more than half of the issued and outstanding shares of the company have approved a one for two forward split of the company's common shares.
Pursuant to the Boards Resolution the one for two forward split will take place at midnight March 24, 2006. All shareholders of record as of that date will receive one additional share for each share they own.
ABOUT WATAIRE
Wataire is an International company focused on developing and delivering technology-based water generation and purification products worldwide. The company provides innovative water supply solutions that are adaptable to almost every type of environmental conditions. Wataire was founded by a team of veteran executives with extensive experience in business administration, product development, project management, manufacturing, international distribution, sales and marketing. The Company is dedicated to providing an array of revolutionary solutions to deliver a clean, unlimited supply of pure water for drinking, for lifesaving, and for irrigation.
The Wataire Industries Inc. logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=2286
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.