Aqua Society, Inc.

Aqua Society, Inc.

March 01, 2005 10:58 ET

Aqua Society, Inc. to Supply Cold Storage Systems for National Blood Bank for The Ivory Coast


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: AQUA SOCIETY, INC.

OTC Bulletin Board SYMBOL: AQAS
FRANKFURT SYMBOL: UP4A

MARCH 1, 2005 - 10:58 ET

Aqua Society, Inc. to Supply Cold Storage Systems for
National Blood Bank for The Ivory Coast

HERTEN, GERMANY--(CCNMatthews - March 1, 2005) - Aqua Society, Inc.
(OTCBB:AQAS) (FWB:UP4A) (the "Company") announced today that it has
successfully submitted a bid to the National Centre of Blood Transfusion
(the national blood bank) for the Ivory Coast (the "CNTS") for the
supply of cold storage and refrigerated transportation equipment,
including Thermomobile mobile refrigeration units, over a three year
period. As a result, the Company has entered into a service agreement
with the CNTS whereby the Company will supply the CNTS with its cold
storage and refrigerated transport needs during that period. In addition
to supplying and installing equipment and materials to the CNTS, the
Company has agreed to train CNTS personnel to properly operate and
maintain the equipment at no extra charge. The parties have, based on an
approximation of the CNTS' equipment needs, estimated that the Company
will receive EUR 3,527,843 (approximately US $4,671,928), just under EUR
2,0 million in 2005, EUR 950,000 in 2006 and the balance in 2007. This
order is the first order under the agreement that the company announced
on January 10, 2005 with the State Ministry of Health and Population for
the Ivory Coast. Up to date the Company has visited 8 other hospital's
in the Ivory Coast to provide them with estimates for repairing and
upgrading those facilities.

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.

Aqua Society, Inc. 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 assessments to be made
by the Company and the CNTS of the CNTS' existing facilities. The actual
amounts to be received by the Company under the agreement may vary in
accordance with the actual needs of the CNTS. There is no assurance that
the actual amounts to be received by the Company under the agreement
with the CNTS will meet the above estimates.

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 Society, Inc.
    Abraham Joy
    49-(0)-6031-791760
    49-(0)-6031-791762 (FAX)
    www.aqua-society.com