Watertowne International announces franchise update

About this update from Western Investment Company Of Canada Limited

[{"type":"text","content":"\n\n\n\n\nCALGARY, July 14 /CNW/ - Watertowne International Inc ('Watertowne'; 'the\nCompany'), a leader in Canada's 18.9 litre/5 gallon franchised water home\ndelivery market and exclusive manufacturer and marketer of Sears Canada's\nSears Premium Waters, announced today that, as of July 14, 2005, the Company\nhas 43 franchises in operation, an increase of 28% from the 32 previously\nannounced October 2004.\nWatertowne has deposits secured for additional franchises located in\nSaskatchewan and Ontario which are expected to close in July.\nThe Company further wishes to announce that Chief Financial Officer and\nCorporate Controller W.J. (Bill) Ackerman has tendered his resignation,\neffective June 30, 2005. Mr. Ackerman will be leaving to pursue other\nprofessional interests. \"We're sad to see him leave, but wish him only the\nbest of success in his new industry endeavours,\" commented President and CEO,\nRoy Lewis.\n\nForward-Looking Statements\nStatements made in this press release that relate to future performance\nor financial results of the Company are forward-looking statements which\ninvolve uncertainties that could cause actual performance or results to\nmaterially differ. Watertowne undertakes no obligation to update any of these\nstatements. Readers are cautioned not to place undue reliance on these \nforward-looking statements, which speak only as to the date hereof.\n\n\n\n","length":1453,"tagName":"div"}]

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