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Quest Water Finalizes Joint Venture Agreement to Market WEPS(tm) Atmospheric Water Technology

2014-05-28 08:45 ET - News Release


Quest Water Finalizes Joint Venture Agreement to Market WEPS(tm) Atmospheric Water Technology

Vancouver, British Columbia CANADA, May 28, 2014 /FSC/ - Quest Water Global, Inc.  (QWTR - OTCQB),("Quest" and/or "Quest Water" and/or "Company"), an innovative water technology company, and developer of the AQUAtap(tm) Community Drinking Water Station and WEPS(tm) Atmospheric Water Extraction and Purification System, announced today that the Company has finalized the formation of a Joint Venture with Global Air Water Resources Ltd. ("GAWR"), a BVI company, to market the Company's WEPS(tm) line of products on an exclusive worldwide basis. The joint venture will be led by atmospheric clean water pioneer Thomas W. Angell, who has been working for the past decade to discover and make available technologies that provide safe drinking water to water scarce regions worldwide.

The Joint Venture will operate under the Global Air Water Resources brand, and capitalize on Mr. Angell's established relationships and network in the global atmospheric water industry. GAWR has very strong relationships worldwide with government and industry leaders along with numerous non-governmental organizations (NGOs). Mr. Angell has developed a strong presence in the U.S., Mexico, South America, the Middle East and countries throughout Africa.  He also has established working relationships with the U.S. State Department, the U.S. Military, the Department of Homeland Security, and the militaries of several foreign governments.

"We are extremely pleased to enter into this Joint Venture with Global Air Water Resources and to build this marketing platform for our exciting line of WEPS(tm) products," said John Balanko, Quest Water CEO & President, "The time is right for us to demonstrate the power of WEPSTM and to showcase its atmospheric water extraction and purification technology and unique ability to produce clean water from the air. WEPS(tm) was designed for parts of the globe where water is in extremely limited supply or non-existent, and where the installation site has the proper mix of humidity and temperature, as well as a dedicated power source. This differs from our solar-powered AQUAtap(tm) system which treats and purifies water which is contaminated or salty to produce pure, clean drinking water in regions where there is a current water source but no infrastructure in place."

"We are excited to take this unique and disruptive atmospheric water technology to our contacts across the globe," said Thomas W. Angell, President and CEO of GAWR. "We have worked hard to establish a good reputation within the atmospheric water space for close to ten years, and are looking forward to introducing WEPS(tm) to our network of government, NGO, and military officials looking for sustainable solutions to the global water crisis.  WEPS(tm) is the ideal product for military use and disaster relief efforts as it is extremely mobile, and can be flown in and deployed quickly, allowing for optimal operational turn around."

Quest Water will own a 50% equity stake in the Joint Venture. Under the terms of the agreement, Mr. Thomas Angell will act as CEO & President, while Quest will appoint one other person to the Board of Directors. The JV will be equally funded by GAWR and Quest with each company contributing $250,000 for a total of $500,000 to be utilized for the manufacturing of five WEPS(tm) demonstration systems, marketing and general working capital purposes.

About Quest Water Global Inc.

Quest Water Global Inc., and its wholly-owned operating subsidiary Quest Water Solutions Inc., is an innovative water technology company that provides sustainable and environmentally sound solutions to water scarce regions. We use proven technologies to create economically viable products that address the critical shortage of clean drinking water in developing countries. Our goal is to provide an alternative, sustainable source of pure water at the smallest possible environmental cost, while becoming a leading company in providing turn-key solutions using alternative energy for the purification, desalination, and distribution of clean drinking water.  For more information on Quest Water visit our website at www.QuestWaterSolutions.com.

About WEPS(tm) Technology

Quest Water's proprietary atmospheric Water Extraction and Purification Systems, known as WEPS(tm), can provide water scarce regions with an alternate, sustainable, pure source of water without exploiting current, limited fresh water resources. The WEPS(tm) technology operates by converting humidity into water; the atmosphere contains approximately 13,000 cubic kilometers of fresh water as water vapor, six times the amount of water in all of the rivers worldwide. If all 7 billion people on Earth used water from atmospheric extraction processors at 50 litres per day, they would consume daily only 0.0025% of available atmospheric water. Atmospheric humidity can be forecast in advance as can climate conditions, allowing planning for maximum water production at times of peak humidity. The Earth's hydrologic system is also constantly replenishing the amount of water vapor in the atmosphere. In turn, WEPS(tm) does not exploit local water supplies, and the system uses no chemicals and produces no pollution or harmful by-products in producing clean drinking water.

Notice Regarding Forward Looking Statements

This press release contains projections and forward-looking statements, as that term is defined under applicable securities laws. Statements in this press release, which are not purely historical, are forward-looking statements. These statements are only predictions and involve known and unknown risks which may cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information, including: negative results from the Company's field operations; the effects of government regulation on the Company's business; risks associated with the Company's ability to obtain and protect rights to its intellectual property; risks and uncertainties associated with the Company's ability to raise additional capital; loss of management; and other factors beyond the Company's control. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity or performance. Further, any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by applicable law, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for management to predict all of such factors and to assess in advance the impact of such factors on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement. Readers should also refer to the risk factor disclosures and other disclosures outlined in the Company's periodic reports filed from time-to-time with the Securities and Exchange Commission on Edgar at www.sec.gov and with the British Columbia Securities Commission on SEDAR at www.sedar.com.

CONTACT:   John Balanko
           Quest Water Global, Inc.
            www.questwatersolutions.com  
            888-502-3268


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Source: Quest Water Global, Inc. (OTCQX: QWTR) http://www.questwatersolutions.com
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