Friday, May 14th, 2010 - Refresh Group Ltd
Refresh Group Ltd (Refresh) (ASX:RGP) is pleased to announce that it has executed a formal Share Sale and Purchase Agreement with AridTec Pte Ltd (AridTec) and its shareholders for the acquisition of AridTec by Refresh.

AridTec and its wholly-owned subsidiary, AirQua International Pte Ltd (AirQua), are Singapore incorporated entities.

AirQua can provide solutions to the world's water needs. From the home to the office, to the factory floor, to farmers, doctors, hospitals, building and construction sites, oil fields, oil rigs and platforms, the military, international aid and rescue organisations, stationary units and or mobile units; the possibilities are almost endless.

Various models are available ranging from 24 litres per day to 500 litres per day. It provides good quality drinking water anywhere and is not dependent on water source. Where there is no electricity, it could be powered by a generator. AirQua has supplied such models mounted on trailers. This is also suitable for emergency relief situations.

Air-to-water generators use a minimal carbon footprint. It has no wasted water, energy or plastic as well as no transportation cost. It is certainly the ultimate green water source.

To accelerate its growth, Aridtec has signed a Memorandum of Understanding with its American distributor to license its patented technologies for a fee. Details of AirQua's global distribution can be found at www.airqua.com/dealers01.html.

Refresh Chairman, Henry Heng, commented. "We have been distributing AirQua products in Australia since July 2009 and are confident their products will sell well. The acquisition will strengthen Refresh's revenue base and improve its bottom line."

For more information, please contact:

Henry Heng
Chairman
[email protected]

Contact Profile

Refresh Group Ltd


Refresh Group Ltd is a distributor of lifestyle products like bottled water, coolers and filtration systems. It is an Australian-owned and operated company and has been in operation since 1997. In March 2006, it listed on the Australian Securities Exchange under the code RGP.
Henry Heng
P: 08 92483006
W: www.refreshgroup.com.au

AridTec Pte Ltd, AirQua International Pte Ltd


AirQua is a complete global alternative potable water solution provider specialising in atmospheric water harvesting solutions which draw water vapour from the air and producing drinking water in abundance through its patented technologies.
Vincent Oh
P: +65 64428022
W: www.airqua.com

Keywords

merger & acquisition, bottled water, air-to-water generator, island sky

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