Southridge Partners II (formerly Southridge Capital Management) Enters into a $3 million Equity Purchase Agreement with Puresafe Water Systems, Inc
Southridge Partners II (formerly Southridge Capital Management), an institutional investor, has entered into a $3 million equity purchase agreement with PureSafe Water Systems, Inc., a company engaged in the design, development, manufacture, and sale of water purification systems
(Media-Newswire.com) - RIDGEFIELD CT, June 1, 2012 – Stephen M. Hicks, Chairman and CEO of Southridge Capital, announced today that Southridge Partners II ( formerly Southridge Capital Management ), an institutional investor, has entered into a $3 million equity purchase agreement with PureSafe Water Systems, Inc., a company engaged in the design, development, manufacture, and sale of water purification systems in the United States and internationally.
Southridge Partners and Puresafe Water Systems, IncPureSafe Water Systems, Inc. ( PSWS ), founded in 1985, is engaged in the design and development of its technology to be used in the manufacture and sale of water purification systems both in and outside the United States. The company also develops advanced mobile water purification systems for disaster relief.
The development of the PureSafe First Response Water System ( PureSafe FRWS ) is self-contained and purifies any type of raw water source, including seawater, designed as a deployment water treatment and bottling system providing immediate drinking water to emergency responders from source of raw water. PureSafe FRWS also is intended to provide drinking water to the immediately affected population of a disaster on a short term basis utilizing its technology, which consists of a water extraction boom that extracts water from streams, ponds, pools of floodwater or a failed municipal distribution system. The FRWS in production can produce EPA compliant drinking water at the rate of 30,000 gallons per day, to provide drinking water to 45,000 people and is designed as a deployment water treatment and bottling system providing immediate drinking water to emergency first responders from almost any source of raw water. The domestic U. S. market for its product includes government organizations involved in first response situations such as FEMA, State offices of Emergency Management, military branches, the Red Cross, fire departments and other emergency and health care agencies. In addition, their secondary market includes hospitals, dialysis centers, nursing homes, assisted living facilities, universities, hotels and condominium developments. The international market includes governments who need to address the same needs as the United States domestic market and the private sector.
Southridge seeks investments in emerging growth areas, domestically and in international markets. Southridge has successfully participated in providing over $1.7 billion in capital to companies in the United States, Asia, Canada, the United Kingdom, and Australia amongst other markets.
About Southridge Advisors Southridge LLC is a diversified financial holding company specializing in direct investment and advisory services to small and middle market companies. Read on for more about another one of Southridge Capital’s exciting investments.
This story was released on 2012-08-08. Please make sure to visit the official company or organization web site to learn more about the original release date. See our disclaimer for additional information.