Aqua Society, Inc.

Aqua Society, Inc.

January 10, 2005 13:13 ET

Aqua Society, Inc. to Evaluate Cold Storage Systems for Hospitals in the Ivory Coast


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: AQUA SOCIETY, INC.

OTC Bulletin Board SYMBOL: AQAS
FRANKFURT SYMBOL: UP4A

JANUARY 10, 2005 - 13:13 ET

Aqua Society, Inc. to Evaluate Cold Storage Systems
for Hospitals in the Ivory Coast

HERTEN, GERMANY--(CCNMatthews - Jan. 10, 2005) - Aqua Society, Inc.
(OTCBB:AQAS)(FWB:UP4A) (the "Company") announced today that it has
entered into an agreement with the State Ministry of Health and
Population for the Ivory Coast (the "Ministry of Health") to conduct
evaluations of the cold storage systems at various hospitals and health
care facilities within the Ivory Coast and to provide them with
estimates for repairing and upgrading those systems. The Company's
agreement with the Ministry of Health also calls for the Company to
provide estimates to supply a number of health care facilities with
Thermomobile refrigeration units for the safe storage and handling of
medicines, vaccines and blood products. The fees and prices to be paid
to the Company for providing its services and supplying equipment have
yet to be determined and will be negotiated between the Company and the
individual hospitals and health care facilities. The Ministry of Health
has agreed to facilitate the introduction of the Company to those
hospitals and health care facilities and to guarantee payment under any
contracts negotiated with those facilities. The terms of the Company's
agreement with the Ministry of Health extend for a period of seven years
and will be renewed automatically for an additional seven year period
unless one of the parties provides notice of its intent to annul the
agreement at least six months prior to the end of the first seven year
term.

The Thermomobile, developed by the Company, is a multi-purpose,
self-contained, mobile refrigeration/heating unit designed to be loaded
and transported onto a variety of large or small transport vehicles. The
device utilizes the power supplied by the vehicle's power system to keep
the interior of the unit either cool or warm. The Thermomobile does not
require expensive modifications or permanent affixation to the transport
vehicle, allowing the vehicle to still be utilized as a
non-refrigerated/heated transport.

On December 27, 2004, the Company changed its name from "V G Tech, Inc."
to "Aqua Society, Inc." to better reflect the nature of the Company's
business. The Company designs and develops technologies for application
in the areas of refrigeration, water purification and waste water
treatment. In addition to developing the Thermomobile, the Company has
developed a working prototype of an apparatus for extracting potable
water from the atmosphere and is in the process of developing
technologies for optimizing the energy consumption of refrigerating
units and refrigerated shipping containers. In addition, the Company has
considerable experience and expertise in utilizing membrane and vacuum
technologies to design, construct and maintain water purification, water
recycling and waste water treatment systems.

This Press Release may contain, in addition, to historical information,
forward-looking statements. These statements may involve known and
unknown risks and uncertainties and other factors that may cause the
actual results to be materially different from the results implied
herein, including, but not limited to, risks and uncertainties related
to the Company's due diligence investigations and with the negotiation
of definitive agreements with the individual hospitals and health care
facilities. There are no assurances that the Company will be able to
reach any such agreements with these facilities.

Readers are cautioned not to place undue reliance on the forward-looking
statements made in this Press Release.

AQUA SOCIETY, INC.

Achim Stamm, President

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Aqua Socitey, Inc.
    Abraham Joy
    49-(0)-6031-791760
    49-(0)-6031-791762 (FAX)
    Website: www.aqua-society.com