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WaterPure International, Inc. and Everest Water Ltd. Revise Payment Terms of Patent License to Produce Water From Air.

Publication: PR Newswire
Publication Date: 26-AUG-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
FT. LAUDERDALE, Fla., Aug. 26 /PRNewswire-FirstCall/ -- WaterPure International, Inc. (the "Company" or "WaterPure") (BULLETIN BOARD: WPUR) announced today that it has executed an amended Atmospheric Water Generator (AWG) patent license agreement with Everest Water, Ltd. revising the payment terms of the original license. Under the previous agreement, WaterPure was required to make all license fee payments in the current year. The revised terms now call for gradually escalating quarterly payments spread over several years easing the impact...

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