BioShaft Water Technology

BioShaft Water Technology Inc. Announces Activity Update


Source: BioShaft Water Technology

LAKE FOREST, Calif.--(BUSINESS WIRE)-- BioShaft Water Technology Inc. (the 'Company' or 'BioShaft') (OTCBB: BSHF) is pleased to provide the following corporate update on its activities for the second half of 2010 and the first quarter of 2011.

Bioshaft’s sales pipeline includes plants varying between 4,000 and 20,000 GPD.These plants range from residential to industrial applications.

A purchase order was received from the Ministry of Public Works in Bahrain for a 132,100 GPD sewage treatment plant upgrade.

Bioshaft’s technology was specified by the Ministry of Defense in Saudi Arabia on a tender for a 3,700,000 GPD plant. We are waiting for the Purchase Order through Wetico, our project partner, the largest waste water contractor in Saudi Arabia, to start drafting the contract.

BioShaft signed a teaming agreement with Zuhier Zahran & Co. They are a development company based in Jeddah, Saudi Arabia. Our sales orders were boosted and we already bid on several large size plants up to 4,000,000 GPD.

Imad Yassine, COO of BioShaft, said, “We are excited about our progress in the GCC market. We have been bidding aggressively, utilizing our strategic regional partners. We have also been monitoring the performance of our plants in the region for over 29 months. The results speak for themselves. Effluent quality has been below 10 PPM and there has been no sludge removal required to date.”

About BioShaft Water Technology Inc.

BioShaft is an innovative and patented wastewater treatment technology. The plants have many benefits over traditional waste water treatment systems. Some of these benefits include: Almost no odor, minimal sludge, lower energy consumption, and significantly less land requirements. Many other benefits are detailed on the company’s website

This news 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 news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.

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