VANCOUVER, BC -- (Marketwire) -- 03/15/12 -- Alpha Wastewater Inc. ('Alpha' or 'the Company') (OTCQB: AWWI) (OTCBB: AWWI), designer and owner of the patented and award winning Upflow Sludge Blanket Filtration ('USBF') wastewater treatment systems and plants, announced today that it has reached several key milestones in regard to the Company's development.
Brian L. Hauff, Chief Executive Officer of Alpha, commented, 'I am very pleased with our progress, especially with our recent agreement with China Aviation International Construction Co., Ltd., which is a subsidiary of the Global Fortune 500 Company, Aviation Industry Corporation of China. Through this strategic partnership, we will work alongside China Aviation to construct, operate and manage a large-scale Wastewater Treatment Plant in China's Chengde Hi-Tech Industrial Development Zone. The city of Chengde serves as the main water supply for two of the three biggest cities in China, including Beijing, and by implementing our unique USBF technology in this Plant, we are confident that we will enhance the region's ability to recycle wastewater in an environmentally friendly and cost effective fashion, as well as further build awareness of the Alpha brand.'
The registered capital for the Project is approximately $2.4 million USD, with Alpha and China Aviation each owning 50% of the Project Company. While China Aviation will provide 70 percent financing to the Project and be responsible for coordinating the construction of and daily operations at the Plant, Alpha will be in charge of technical support, design and equipment supply installation, and ensuring the Project meets the National Emission Standards A of Class One under the environmental laws of China.
'Our primary goal is to become a global utility company through building a series of BOT (Build-Operate-Transfer) and BOO (Build-Operate-Own) plants across the world and collaborating with China Aviation represents an important advancement in meeting our aim,' added Mr. Hauff. 'Moreover, we have a textile dye treatment plant in development in Bangladesh and we are in various stages of negotiations to install other plants in India, China and Vietnam, both independently and through other partners, as well. Through our current and potential installations, we are poised to experience tremendous financial gains in the future, as we obtain revenues through equipment and plant sales, utility operations and licensing fees. This is a very exciting time for our Company and I am confident that we will hit several additional targets in terms of our development throughout 2012.'
About Alpha Waste Water Inc.
Alpha Wastewater was formed in 2009 and achieved US Public Trading status on November 9, 2010 for the sole purpose of launching Alpha's award winning and patented Upflow Sludge Blanket Filtration (USBF) wastewater technology into the world markets. The technology includes patents, trademark, plant design, over 150 installations in North America and the Caribbean, and over 20 years in designing, building and operating wastewater treatment plants in the Infrastructure sector. Alpha is focused on providing green and environmentally friendly wastewater treatment plants to both mature markets and emerging markets worldwide with a focus on recycled water. For more information on the company, visit: http://www.alphawastewater.com/.
This press release contains forward-looking statements. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed, implied or inferred by these forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as 'may,' 'will,' 'should,' 'could,' 'would,' 'expects,' 'plans,' 'intends,' 'anticipates,' 'believes,' estimates,' 'predicts,' 'projects,' 'potential' or 'continue' or the negative of such terms and other comparable terminology. These statements are only predictions based on our current expectations and projections about future events. You should not place undue reliance on these statements. Actual events or results may differ materially. In evaluating these statements, you should specifically consider various factors. These and other factors may cause our actual results to differ materially from any forward- looking statement. We undertake no obligation to update any of the forward-looking statements after the date of this presentation to conform those statements to reflect the occurrence of unanticipated events, except as required by applicable law.
Mr. Kevin Fickle, President
NUWA Group LLC.