SOURCE: Purio Inc.

June 26, 2008 09:00 ET

Purio Inc. Comments on "Is Water the New Oil" Article

BLAINE, WA--(Marketwire - June 26, 2008) - Purio Inc. (OTCBB: PURO) comments on Business Week magazine's article, "There Will Be Water." According to this lead article in the recent issue of Business Week magazine, water is the new oil, and again according to the same article, T. Boone Pickens is betting a small fortune on the fact that he thinks it is. Close to half the world's population is either short of water or living in "dry zones." As a result, the management of Purio disagrees with the BW assessment, as the company is of the view that the crisis is much more severe than a comparison to oil would indicate. According to Daryl English, President of Purio, "When our taps start to run dry as they have in the Southeastern states over the past several years, the resulting crisis will make the current energy crisis seem like a walk in the park." Mr. English went on to say, "There simply isn't enough fresh water to meet the needs of a growing population or the demands of industry, and we are now at the point where consumers and industry alike have to start reclaiming and reusing the water that is being pumped from our rivers, lakes and aquifers. Mr. Pickens plan to pump over a million gallons a day from the already stressed Ogallala aquifer in Texas to supply the city of Dallas seems shortsighted and unsustainable under any reasonable scenario. The technology exists, whether it is Purio's or others' to avoid this crisis by reclaiming wastewater at its source and reusing it. The time for action has come; our politicians and industry leaders need to be proactive in bringing this issue to the attention of the public. It is nothing less than their futures and those of their children that we are dealing with."

About Purio Inc.

Purio owns proprietary water clarification technology suitable to a broad number of applications including the clarification of surface water, industrial process water and sewage. Purio intends to apply its technology initially to industrial and commercial applications to reclaim water and reduce the need for fresh water in such applications. Purio further intends to use its proprietary technology to produce potable water for commercial and residential use. Purio will commercialize its technology via a number of channels, namely licensing strategic partners to build and sell &/or operate units outside of North America, outright sale of their second generation (patent pending) units to end users and will build, own and operate on a fee for service basis their larger permanent installation units in North America.

Forward-Looking Statements

This press release "contains forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Since the forward-looking statements relate to future developments, results or events, these statements are highly speculative and involve risks, uncertainties and assumptions that are difficult to assess. You should not construe any of these statements as a definitive or invariable expression of what will actually occur or result. Such forward-looking statements in this press release include, among others, the expectation and/or claim that there will be a shortage of water in the Southeastern United States, the lack of fresh water to meet growth requirements and the plans of Mr. Pickens.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, (i) the Company's ability to obtain and maintain adequate working capital requirements to operate Purio's business; (ii) the Company's ability to obtain necessary permits and approvals to operate Purio's business; (iii) the Company's ability to market and sell clarified and reclaimed water; and (iv) the Company's ability to negotiate and consummate license agreements for its water purification equipment. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time to time with the Securities and Exchange Commission and available at www.sec.gov.

Contact Information

  • Contacts:
    Shawn Van Damme
    Investor Relations
    1-877-512-1120