SOURCE: Purio Inc.

September 09, 2008 09:30 ET

Purio Receives Letter of Intent to Install Water and Waste-Water Works

BLAINE, WA--(Marketwire - September 9, 2008) - Purio Inc. (OTCBB: PURO) is pleased to announce that it has received a letter of intent from Evergreen Estates Ltd. to build, install, commission and operate the water and sewage treatment facilities at their multi-phase 450 acre resort development in the beautiful parkland region of North-Central Saskatchewan Canada.

David Miner, Secretary for Evergreen Estates Ltd., specifies some of the reasons for Evergreen's selection of the Purio technology:

"Our development philosophy for the site is to provide an exceptional outdoors experience for the residents coupled with modern amenities while minimizing the impact of the development on the environment.

"Your waste-water technology helps us to realize our vision for the development as it allows us to eliminate the need for the construction of a sewage lagoon and for sewage holding tanks on each lot. In doing so, we estimate that the installation of your technology will result in a capital cost savings of between 1 and 1.5 million dollars. The fact that your sewage treatment system will eliminate the odors normally associated with a lagoon system is a very important aesthetic benefit, and the small footprint of your system allows us to use land we already own rather than acquiring additional property to facilitate a lagoon.

Your ability to use a variety of water sources for the production of potable water added to the perceived advantages of using your company."

Earl Switenky, spokesman for Purio Inc., says, "Evergreen's choice of the Purio technology confirms our company's ability to provide a host of advantages to developers. In this pristine forest setting, near a beautiful recreational lake, aesthetic advantages and economic advantages will make it possible for Evergreen Estates to offer its residents the waterworks conveniences of city living. Our modular equipment can be installed and commissioned as the development grows, thereby saving many huge up-front costs."

"Purio will participate in the operation of the water utilities services as a utility company, thereby creating a residual income stream for our company. A project like this, fully on-line, would generate annual revenues to the company of approximately $350,000."

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 Section21E 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, closing of the letter of intent with Evergreen Estates Ltd., to build, install, commission and operate water and sewage treatment facilities, that Evergreen Estates will be able to offer its residents the waterworks conveniences of city living, that our modular equipment can be installed and commissioned as the development grows thereby saving many huge up-front costs, and that Purio will participate in the operation of the water utilities services as a utility company, thereby creating a residual income stream for our company.

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