Back to Archived News
Purio Announces New Patent Filing
Monday, February 04, 2008
As previously announced, Purio Inc. (the "Company") (OTCBB: PURO) has entered into a Share Exchange Agreement (the "Agreement") with Purio Environmental Water Source, Inc. ("Purio"), a private Nevada corporation, and the shareholders of Purio for the acquisition of Purio.
Purio Environmental Water Source, Inc. has made a Patent Cooperation Treaty patent application for a compact, lightweight, high-capacity multi-stage water clarifier. The PCT application covers all of the member countries -- 137 of them as of July 2007, including industrialized nations and many developing countries considered high-priority marketing opportunities for the Company.
According to Joseph A.M Swanson, Vice President and Chief Operations Officer of Purio, the clarifier's design represents a giant step forward for the Company in that its light weight makes it highly transportable for mobile cap situations and other applications where portability is important. Its compact design enhances its suitability to work in limited spaces such as in densely populated urban areas, ships' holds, and existing buildings requiring retrofit of potable or waste water-systems. The new compact unit, although more space efficient than that existing Purio Clarifier, is designed to exceed its throughput capabilities.
The first of the new units should be built and tested within the next six months and be ready for commercial use shortly after that.
This press release "contains forward looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section21E of the United States Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Since the forward-looking statements relate to future developments, results or events, these statements are highly speculative and involve risks, uncertainties and assumptions that are difficult to assess. You should not construe any of these statements as a definitive or invariable expression of what will actually occur or result. Such forward-looking statements in this press release include, among others, the expectation and/or claim that: (i) the closing of the acquisition of Purio will occur.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, (i) the Company's ability to satisfy all of the conditions to closing of the Agreement and to consummate the transactions contemplated by the Agreement; (ii) Purio's ability to satisfy all of the conditions to closing of the Agreement and to consummate the transactions contemplated by the Agreement; and (iii) Purio having enough funding to operate its business and retain ownership of its proprietary technology, and (iiii) Purio's patent to be granted. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time to time with the Securities and Exchange Commission and available at www.sec.gov.
Back to Archived News