SOURCE: Shine Holdings, Inc.

March 02, 2007 15:55 ET

Hormone Removal Process to Target U.S. Drinking Water

CARY, NC -- (MARKET WIRE) -- March 2, 2007 -- Shine Holdings, Inc. (PINKSHEETS: SHDG) today announced it would expand the focus of its patent pending process to include the nation's drinking water. U.S. Drinking Water utilities posted $33.79-billion in 2004 revenues, as reported by the Environmental Business Journal, in 2005. The company's much-ballyhooed ozone process is intended as a possible solution to eradicating EDCs (Endocrine Disrupting Chemicals), as well as waterborne hormones and other compounds from domestic water.

The continued human ingestion of hormones in drinking water has been implicated in early puberty, female reproductive diseases, and deterioration in human male fertility.

Shine CEO Brett Swailes said: "The technology we are perfecting is seen as the foundation for a whole line of future products. With our provisional patent, we are laying the foundation for significant intellectual property. This will permit the Company to pursue licensing agreements to amass royalties for further related water applications."

About Shine Holdings

Shine Holdings, Inc. www.shine-holdings.com, headquartered in Cary, North Carolina, has a core focus of seeking out and acquiring biology and technology companies and their methodologies to provide shareholders with capital appreciation and income.

Clean Water Scientific, Inc., a wholly owned subsidiary of Shine Holdings, is a research and development company for the betterment of global water.

Forward-Looking Statements Risks and Uncertainties

Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Shine Holdings, Inc., (the "company"), as well as those contained herein, that are not historical facts are "forward-looking" statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, and because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, including those in Management's Discussion and Analysis, are statements regarding the intent, belief, or current expectations, estimates, or projections of the company, its directors, or its officers about the company and the industry in which it operates and are based on assumptions made by management. Forward-looking statements include without limitation statements regarding: (a) the company's strategies regarding growth and business expansion, including future acquisitions; (b) the company's financing plans; (c) trends affecting the company's financial condition or results of operations; (d) the company's ability to continue to control costs and to meet its liquidity and other financing needs; (e) the declaration and payment of dividends; and (f) the company's ability to respond to changes in customer demand and regulations. Although the company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.

Important factors that could cause the actual results to differ materially from those in the forward-looking statements include, among other items, (i) changes in the regulatory and general economic environment; (ii) conditions in the capital markets, including the interest rate environment and the availability of capital; (iii) changes in the competitive marketplace that could affect the company's revenue and/or cost and expenses, such as increased competition, lack of qualified marketing, management or other personnel, and increased labor and inventory costs; (iv) changes in technology or customer requirements, which could render the company's technologies noncompetitive or obsolete; (v) new product introductions, product sales mix, and the geographic mix of sales.

The company disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this advertisement are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, governmental approval processes, the impact of competitive products or pricing, technological changes, and the effect of economic conditions.

Contact Information

  • Contact:
    Shine Holdings, Inc.
    Investor Relations
    919-654-3014