SOURCE: Aquacell Water, Inc.

December 20, 2006 12:13 ET

Aquacell Water Signs Letter of Intent to Acquire McPhee Environmental

RANCHO CUCAMONGA, CA -- (MARKET WIRE) -- December 20, 2006 -- Aquacell Water (PINKSHEETS: AQWT) announced today that it has signed a Letter of Intent to acquire McPhee Environmental. McPhee is a diversified company focused on water and wastewater treatment and remediation for municipalities and businesses throughout the Southwest United States. McPhee is the first in a contemplated series of acquisitions by Aquacell to consolidate water treatment and remediation companies. Combined with Aquacell's presence in the Southwest and McPhee's product offering, Aquacell Water is poised to be a leader in water treatment and remediation in the Southwest.

McPhee provides system engineering, permitting submission, system fabrication, system installation and startup & personnel training. Most recently, McPhee has been developing and installing systems for the removal of arsenic in water provided for drinking in the Southwest. In additional to providing arsenic removal systems, McPhee offers products that remove perchlorate, MTBE, nitrate and other water contaminants. McPhee also is a full service environmental supply company specializing in products for landfills, hazardous waste generators, industrial applications, government, and on-water spills.

"The acquisition of McPhee will enhance our sales and engineering staffs while providing for synergies of a combined operation," said James C. Witham, Aquacell's Chief Executive Officer "In comparing our existing business and quote logs for arsenic removal systems we found very little overlap, which is important not only for sales of initial systems, but also for on-going business through media replacement."

"By putting our two companies together, we believe we will collectively become a considerable force in the arsenic removal market, particularly in the Southwest where arsenic is prevalent in drinking water," said George Armstrong, President of McPhee.

About Aquacell Water, Inc.

Aquacell Water, Inc. headquartered in Rancho Cucamonga, CA, designs turnkey water filtration and purification systems for municipal, industrial, commercial, and institutional applications around the world. The Company specializes in arsenic removal systems in association with media manufactured by The Dow Chemical Company. Aquacell's services include evaluation, design, engineering, manufacturing, installation, training and service.

For more information about Aquacell, visit

Contact Information

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