Quest Announces Halt Trade
07 Agosto 2012 - 8:26PM
Quest Water Global, Inc. ("
Quest"
or the "
Company") (OTCBB:QWTR) a development stage
Delaware corporation, announces that it has been advised by the
British Columbia Securities Commission ("BCSC") of issues of
newsletters by certain newsletter writers which are contemporary
with recent market activity which the BCSC is concerned could
result in other than an orderly trading of the securities of the
Company. Accordingly the BCSC has issued a halt trade order in the
Province of British Columbia under section 89 of the Securities Act
effective July 31, 2012 until up to August 22, 2012.
These newsletters were not authorized by the Company or any of
its officers and directors and are not endorsed by any of them. The
Company and its officers and directors only became aware of the
issuances by the newsletter writers when advised by the BCSC, which
newsletters were noticed as privately paid and engaged. The
Company, and its officers and directors, have not engaged and are
not engaging any newsletter writers or investor relations activity.
Neither the Company nor its officers or directors are or were aware
of nor are or were engaged in nor participated or participate in
any of the engagement, creation, payment or distribution of the
newsletters. From publicly available documents provided by the
BCSC, and disclaimers by the newsletter writers, Everest Asset
Management AG, Resource Project Partners I Inc, Centre Focus Media
Ltd. and Blue Wave Advisors are noticed as having paid for and
engaged the newsletter writers. Neither the Company nor any of its
officers and directors know who are the beneficial owners or
control persons of these entities. The Company and its officers and
directors have knowledge that Erwin Speckert, an individual who has
been recently named in a Notice of Hearing by the BCSC, is or was a
representative of Everest Asset Management AG and of another
investment company that has invested in Quest. Neither the Company
nor any of its officers and directors are aware if the other
entities have shares in the Company nor are they aware of who their
representatives are.
The Company encourages anyone interested in the Company to
review the Company's filings with the Securities and Exchange
Commission (US) or on SEDAR (Canada). There have been no
changes in the circumstances or business of the Company since the
Company's last news release July 26, 2012.
About the Business of Quest Water Global,
Inc.
Quest is an innovative water technology company that provides
sustainable and environmentally sound solutions to water scarce
regions. The company uses proven technologies to create
economically viable products that address the critical shortage of
clean drinking water in developing countries. Quest's goal is
to address the vital issue of water quality and water supply by
providing an alternative, sustainable source of pure water at the
smallest possible environmental cost to global areas in need, while
becoming a leading company in providing turn-key solutions using
alternative energy for the purification, desalination and
distribution of clean drinking water.
On Behalf of the Board
John Balanko
Director, CEO and President, Quest Water Global,
Inc.
Telephone: (604) 986-2219 Email:
jbalanko@questwatersolutions.com
Peter Miele, Executive VP & Director Quest Water
Global Inc.
Forward-Looking Statements
Except for historical information contained herein, the matters
set forth above may be forward-looking statements that involve
certain risks and uncertainties that could cause actual results to
differ from those in the forward-looking statements. Words
such as "anticipates", "believes", "estimates", "expects",
"intends" and similar expressions, as they relate to Quest or its
management, identify forward-looking statements. Such
forward-looking statements are based on the current beliefs of
management, as well as assumptions made by and information
currently available to management. Actual results could differ
materially from those contemplated by the forward-looking
statements as a result of various factors. Quest does not
undertake any obligation to update such forward-looking statements.
Investors are cautioned to consider all other risks and
uncertainties affecting the company, including those in its filings
made with the Securities and Exchange Commission.
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