SOURCE: Infrared Systems International

November 30, 2010 09:00 ET

Infrared Systems International Signs Letter of Intent to Purchase AquaLiv, Inc.

SILVERDALE, WA--(Marketwire - November 30, 2010) - Focus Systems International: (OTCBB: IFRS) is pleased to announce the Company has signed a Letter of Intent to acquire 50% ownership of AquaLiv, Inc., a privately held company best known for its health-enhancing water purification system, in exchange for an undisclosed amount of Infrared Systems Convertible Preferred Stock.

Recent advancements in AquaLiv's technology uncovered a new field of biological information science. With direct applications in the industries of water purification, environmental science, agriculture, animal husbandry, personal use products, and medicine, AquaLiv is ready to expand its innovative product offering.

The transaction is subject to customary due diligence and execution of a definitive agreement, which both parties expect to be completed within the next couple of weeks. Once the deal is finalized, AquaLiv will become a wholly-owned subsidiary of Infrared Systems International, with day-to-day operations under the supervision of the current management team of AquaLiv.

"I am excited about the relationship with Infrared Systems and how its management team can help our company increase its revenue over the next twelve months," stated Craig Hoffman, President & CEO of AquaLiv, Inc.

"This acquisition of AquaLiv is a key building block as we implement our business plan," stated Bill Wright, CEO of Infrared Systems International. "We are very impressed with AquaLiv's products and feel that our team will be instrumental in helping AquaLiv achieve increased revenue and market penetration." 

To learn more about AquaLiv, please visit: www.aqualiv.net.

About Infrared Systems International:

Infrared Systems International, through its two wholly owned subsidiaries, Focus Systems, Inc. and Infrared Applications, Inc. offers unique solutions and applications for a variety of industries.

Focus Systems, Inc. is a service orientated, desktop virtualization, remote desktop and VoIP information technology provider. Focus Systems' clients do not need to purchase a server or even PC's to use their service and fully benefit from it. Focus Systems enables their clients to realize the value of being able to expense the cost of their entire service as opposed to amortizing it over the life of purchased equipment, which in many cases will be obsolete before the tax benefits are realized. For more information, please visit www.focus-sys.com.

Infrared Applications Inc. is a security and safety focused company. The latest technological advancements have been incorporated into a powerful blend of wireless operation and infrared imaging to provide a system that features redundancy, connectivity, independent verification, and seamless operation for a broad spectrum of security applications. Our patent-pending solutions benefit aviation, industrial infrastructure, military, homeland defense, and the private sector.

Safe Harbor: Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements'' within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

Contact Information

  • Contact:
    Infrared Systems International
    Investor Relations
    1-407-389-5900