SOURCE: Shine Holdings, Inc.

September 12, 2006 08:30 ET

Shine Holdings Acquires Pure Water Projects

CARY, NC -- (MARKET WIRE) -- September 12, 2006 -- Shine Holdings, Inc. (PINKSHEETS: SHDG), an international provider of proprietary technology and equipment used for the treatment and testing of water, and FreeHarbour Foundation, an innovative technology transfer company, announced today that Shine Holdings, Inc. has acquired Pure Water Projects, Inc. (PWP), a wholly owned subsidiary of FreeHarbour Foundation, in a stock transaction.

PWP has developed a video production, "What's in Your Water?" which was conceived from the outset as a television documentary that details the escalating global water crisis. The video includes interviews with university professors, a deputy director of the Environmental Protection Agency, and a high-ranking official with the NRDC. Excerpts from this documentary are contained on the website (www.purewaterplan.com). PWP also sells and markets water filters and water test kits through its website (www.purewaterprojects.com) and continues expanding its product line.

According to Brett Swailes, Chairman and CEO of Shine Holdings, "We believe that our technologies will be appreciated as cost-effective solutions in safeguarding the water supplies of the world. Right now the lack of usable water around the world makes water nearly as valuable as oil and electricity. Water is currently estimated as a $400 billion global industry; it is projected to grow by multiples in the future."

About Shine Holdings

Shine Holdings, Inc., headquartered in Cary, North Carolina, has a core focus of seeking out and acquiring synergistic companies and methods that will provide shareholders with capital appreciation and income. The mission of Shine Holdings is to make pure drinking water available to the people of the world by means of purification, filtration and removal of contaminants from existing water supplies. It is our belief that water can overcome hunger, disease and poverty, thereby improving the overall quality of life on earth.

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, and all other forward-looking statements be subject to the safe harbors created thereby. 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

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