SOURCE: AquaStar Holdings, Inc.

April 06, 2011 13:37 ET

AquaStar Holdings, Inc.'s Subsidiary Works to Develop Technologies of Prestigious American Universities

SUTIMCo's Venture Accelerator Program Offers Development Services to Start-Up Companies

SANTA ANA, CA--(Marketwire - April 6, 2011) - AquaStar Holdings, Inc. (PINKSHEETS: RPPR) is pleased to announce that the Company's wholly-owned subsidiary, SUTIMCo, Inc., has currently partnered with three start-up companies conceived from Texas A&M, the University of Arizona and SUNY Binghamton developed technologies looking to take their innovative leading edge research to the marketplace. In addition, SUTIMCo is participating in the evaluation of technology-based projects from six other major American Universities including UC San Diego, Arizona State University and Penn State University for their commercial viability.

SUTIMCo operates as a Venture Accelerator, offering development services to start-up companies for up to three years. SUTIMCo launches and manages businesses in health & wellness, energy/environmental, advanced materials, sensors and electronic technology ventures to build upon the research of a host of prestigious Universities across the United States. SUTIMCo's business model and methodologies help create high growth companies taking innovation from laboratory to marketplace.

"Working with such world-renowned Institutions is a great honor for the Company," stated Malcolm Lennie, President of AquaStar Holdings, Inc. "Far too many promising technologies fail to make it beyond university labs, when they could be commercially viable, and go on to create new jobs and revenue."

For more information on SUTIMCo, its portfolio companies, and University partners, please visit; http://www.suti.com

About AquaStar Holdings, Inc.:
AquaStar Holdings, Inc. is a holding company, which utilizes a unique and established platform to launch new technology enterprises based on world-class university research discoveries. AquaStar Holdings, through its wholly owned subsidiary SUTIMCo, Inc., provides experienced management to early stage companies, reducing risk and assuring the know-how in launching and growing a new company. In addition to this skilled management team, AquaStar Holdings can avail itself of the encyclopedic, informal knowledge of the inventor, his experience and his research team.

Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.

Contact Information

  • AquaStar Holdings, Inc.
    Investor Relations
    407-389-5900