H2O INNOVATION INC.
TSX VENTURE : HEO

H2O INNOVATION INC.

November 18, 2009 10:36 ET

Election of H2O Innovation's Board of Directors

QUEBEC CITY, QUEBEC--(Marketwire - Nov. 18, 2009) - H2O Innovation Inc. ("H2O Innovation" or the "Company") (TSX VENTURE:HEO)(ALTERNEXT:MNEMO:ALHEO), a complete water treatment solutions company providing custom designed water treatment systems along with operating and maintenance solutions, today held its Annual General Meeting of Shareholders at the Cafe-spectacle of the Palais Montcalm in Quebec City.

Shareholders re-elected the following directors to the Company's Board of Directors: Philippe Gervais, Chairman of the Board, Frederic Dugre, President and CEO, John G. Booth, Andre Duquenne, Elaine C. Phenix, and Richard Hoel. PricewaterhouseCoopers LLP/s.r.l./s.e.n.c.r.l., Chartered Accountants, was appointed as auditors of the Company for the fiscal year ending June 30, 2010.

"Fiscal 2009 was a significant year for H2O Innovation, a year during which we succeeded in making our business model evolve and became a truly complete water treatment solutions company with sound diversification of its markets and technologies, a strong foothold in North America, a growing international presence, and a solid financial health", commented Frederic Dugre, President and CEO of H2O Innovation. "Despite the challenging economic climate of the past months, we have remained firmly committed to following our long term development strategy seeking to generate positive cash flows, maintain a healthy gross margin and maximize our results, all of which contribute to the creation of increased and sustained shareholder value. More than a quarter into fiscal 2010, we have made noteworthy progress in growing our sales of consumable products such as water additives and have significantly increased our international sales by ten-fold", concluded Frederic Dugre.

Prospective disclosures

This press release may contain prospective disclosures representing current expectations of H2O Innovation which are subject to certain risks and uncertainties. For details of these risks and uncertainties, please refer to the Company's Annual Information Form dated September 28, 2009 available on SEDAR (www.sedar.com). H2O Innovation rejects any obligation to revise or update the prospective disclosures contained in this press release.

About H2O Innovation

Exclusively dedicated to water treatment, H2O Innovation is establishing itself as a key player in sustainable development and the field of clean technologies. H2O Innovation designs, develops, produces, and integrates state-of-the-art custom-built water treatment systems for the production of drinking water, the reclamation of water, the treatment of wastewater and industrial process water in the municipal, commercial, industrial, mining, and energy markets. Additionally, the Company offers complete operating and maintenance solutions for membrane filtration and reverse osmosis systems. H2O Innovation has approximately 100 employees and eight offices including three manufacturing and assembly plants in Canada and the United States. Shares of H2O Innovation are listed on the TSX Venture Exchange (HEO) as well as on the NYSE Euronext Alternext Exchange (MNEMO:ALHEO). For more information about H2O Innovation, visit the Company's website at www.h2oinnovation.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Alternext Exchange accepts responsibility for the adequacy or accuracy of this release.

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