PureSafe Water Systems has entered into strategic agreements with Global Equipment Marketing Inc. (NYSEARCA:GEM) and Engineering Technologies Group Inc. (NYSE:ETG) to enhance PureSafe's ability to meet immediate and long-term market demand for the company's mobile water purification systems. The agreement sent shares of PureSafe soaring 153% today on heavy volume.
"This is a significant milestone for PureSafe," Adam Seltzer, managing director of Dominick and Dominick, investment advisor to PureSafe, stated in the press release. "It has enabled the company to engage two renowned firms that have significant experience and expertise on both the engineering side of the business, as well as the sales, marketing and distribution of equipment. This partnership is a major step forward and should allow PureSafe to expedite manufacturing in order to meet market demand. This relationship also gives PureSafe the ability to eventually roll-out its product worldwide without taking on the expenses of having direct sales, marketing, distribution and engineering costs 'in house.' We expect that this model will allow the company to maximize value using the expertise of GEM and ETG to enhance its water treatment technology and expedite distribution capabilities."
GEM distributes large-scale production and process equipment throughout the world. By operating as PureSafe Water System Sales (PWSS), the company will tap into its existing dealer network to establish a global distribution network, adding new dealers and representatives as well as secure direct sales and alliances needed to distribute the PureSafe product.
ETG is a full-service engineering firm specializing in general equipment and process engineering, environmental services, and the design and supply of various engineered products. Per its arrangement with PureSafe, ETG will provide engineering services resulting in a more easily and efficiently manufactured PureSafe product. Additional product line expansion, enhancements, and developments will also originate here.
Leveraging the strengths of both partners, PureSafe plans to accelerate global sales, implement a value engineering program, and improve product manufacturing.
"The engineering review and value engineering program we are embarking on will create a product that will be more easily manufactured with the highest level of quality and reliability built-in," Denis Roy, vice president of ETG stated. "This program will also be the foundation for an ever-expanding line of water filtration products to meet the needs of world markets."
For more information visit puresafewatersystems.com
Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net