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  • Quest Water Global, Inc. (QWTR) Provides Shareholder Update Focused On South Africa Installation Talks 0 comments
    Sep 11, 2013 10:20 AM | about stocks: QWTR

    Quest Water Global, an innovative water technology company and developer of the AQUAtap™ Community Drinking Water Station and WEPS™ Water Extraction and Purification System, today issued a corporate update to its shareholders.

    QWTR says it is negotiating a final agreement with the Ministry of Industry and the Ministry of Energy & Water to install AQUAtap™ Community Drinking Water Stations in rural communities throughout Angola and to construct an AQUAtap™ fabrication and assembly facility in the country.

    QWTR was among 10 Canadian companies and several mining and oil and gas firms that earlier this year were part of a Canadian Business Mission to Angola arranged by the Canadian Trade Commissioner in Johannesburg, South Africa.

    By invitation from the office of vice president of Angola, QWTR presented its business case to a special committee consisting of 12 Angolan Secretaries of State and technical personnel, chaired by the senior business advisor to the vice president. The special committee has recommended to the vice president a move forward strategy for QWTR and its Angolan subsidiary Aquatap Industrial Lda.

    "From Quest Water's standpoint the presentation was extremely successful, and another key milestone in further advancing our negotiations with Angola, and proceeding with construction of an AQUAtap™ fabrication and assembly facility in the Viana Industrial Park, 30 kilometers east of Angola's capital Luanda," QWTR CEO John Balanko stated in the press release. "The Business Mission also provided us an opportunity to meet with Angola's new Minister of Industry, Bernarda Gonçalves Henriques da Silva Martins, and other government officials further enhancing our good working relationship with Angola."

    The vice president's senior business advisor is now reviewing the special committee's recommendations and is expected to reconvene to finalize the form of the agreement QWTR to construct the assembly facility and commence the purchase of AQUAtap Community Drinking Water Stations in the country.

    QWTR said it plans on returning to Angola in the near future to meet with government officials and representatives of the African Development Bank, and to further negotiations with potential local partners who will launch the project at the local level and earn an equity position in the Angolan subsidiary.

    The company also said it has received an invitation to meet with the prime minister and the Minister of Water of Lesotho to discuss the construction of an AQUAtap™ fabrication and assembly facility in the South African nation. QWTR has submitted a proposal to Lesotho's Ministry of Water and is in discussions with government officials for project funding.

    For more information, visit QuestWaterSolutions.com

    Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net

    Stocks: QWTR
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