Business
ENPAR receives draft letter of intent relating to its DesEL PRoducts
ENPAR receives draft letter of intent relating to its DesEL PRoducts.
About this update from Current Water Technologies Inc
[{"type":"text","content":"\n\n\n\n\nGUELPH, ON, Oct. 19 /CNW/ - ENPAR is pleased to report that it has\nreceived a \"draft\" letter of intent from a substantial US based company that\nis engaged in the water products industry.\nEnpar cautions that there is no certainty that the draft letter of intent\nwill result in a definitive agreement between the parties and is not at\nliberty to disclose the name of the US based company.\nEnpar and its board are considering the draft letter of intent and will\nkeep shareholders informed on a timely basis as to the disposition of the\nmatter.\nEnpar and its management are simply trying to keep its shareholders\ninformed about what could be classified or described as a \"material event\"\nthat could affect the value of their holdings.\nThis news should not be construed as a recommendation to purchase or sell\nshares of Enpar Technologies Inc.\nIn June 2006, ENPAR initially reported that it had entered into a Mutual\nConfidentiality Agreement with a major American Water Company for the sole\npurpose of evaluating a possible business transaction relating to ENPAR's\nDesEL Technology.\nThe company continues to have ongoing negotiations with other major\ncompanies in the water products industry.\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of this release.\n\nThis news release contains forward-looking statements within the meaning\nof the \"safe harbour\" provisions of the Private Securities Litigation Reform\nAct of 1995. These forward-looking statements are subject to risks and\nuncertainties and other factors that may cause ENPAR Technologies Inc. results\nto differ materially from expectations. These include risks relating to market\nfluctuations, property performance and other risks. These forward-looking\nstatements speak only as of the date hereof.\n\n\n\n","length":1896,"tagName":"div"}]