Aqua Society, Inc.
OTC Bulletin Board : AQAS

Aqua Society, Inc.

June 14, 2005 13:34 ET

Aqua Society, Inc. Announces Private Placement

HERTEN, GERMANY--(CCNMatthews - June 14, 2005) - Aqua Society, Inc. (OTCBB:AQAS)(FWB:UP4A) (the "Company") announces that it has negotiated a private placement with two corporate investors of 1,232,322 units at a price of $1.98 per unit for total proceeds of approximately $2,440,000 (EUR 2,000,000). Each unit will be comprised of one share of the Company's common stock and one share purchase warrant. Each share purchase warrant will entitle the holder to purchase one additional share of the Company's common stock at a price of $1.98 per share for a period of one years from the date of closing. Closing of the private placement is expected to take place on or before July 15, 2005.


Achim Stamm, President

This Press Release may contain, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's expectations and beliefs, and involve risks and uncertainties. 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. In particular, in the event the private placement is not completed as contemplated, it may have a significant adverse effect on the liquidity, financial position and assests of the Company, which may affect its ability to complete its business plan.

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

Contact Information