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[QUOTE]Originally posted by tarq3: [QB] Pure H20 Bio-Technologies, Inc. Announces Unanimous Decision by the District Court of Appeal of the State of Florida Fourth District Confirming Its Judgment, Totaling Over $1,000,000 Business Wire - September 12, 2006 06:00 BOCA RATON, Fla., Sep 12, 2006 (BUSINESS WIRE) -- Pure H2O Bio-Technologies, Inc. (Pink Sheets:PHBT), announced that on September 6, 2006, it was decided unanimously by three judges of the Fourth District Court of Appeals of the State of Florida, to reverse an order by the trial court, 17th Judicial Circuit, Broward County, Florida, vacating the damages judgment awarded to PHBT in April 2003. The Appellate Court found that, "There was no significant evidence that would allow the trial court to vacate damages judgment." Under this theory of law, the appellate judges reversed the order. PHBT was awarded the sum of $896,619.50 plus 6% interest annually until fully paid from the 17th Judicial Circuit, Broward County, Florida. The award reflected an unanimous jury verdict against Joseph A. Mazziotti and Louis Mazziotti of Louisville, Kentucky, for Fraud, Breach of Contract and Money lent and triple damages for Civil Theft under Florida Statute 772.11. The jury decided unanimously to award damages on the basis that Joseph A. Mazziotti and Louis Mazziotti misappropriated corporate funds, which were intended for the purchase of equipment, and found that these funds were used for their own personal use; which was determined to be embezzlement. PHBT's complaint further alleged false statements, misrepresentations and omissions of material fact, which resulted in the issuance of shares of stock, providing the Mazziottis with monies for fraudulent expense reimbursements and fictitious research and development. To date, accumulated interest, at the legal rate, has the judgment worth over $1,075,943. The Company's counsel intends to aggressively pursue collection of this judgment which is partially secured by real estate in Kentucky. PHBT's CEO, Joseph P. Doxey, stated, "Now that the Appeal Court has spoken, it has cut off any further efforts for the defendants to escape from under this judgment." About PHBT: PHBT is a publicly held company specializing in the research, development and commercialization of its unique residential and commercial water disinfection systems. The Company intends to commence the manufacture and distribution of its products through a network of Independent distributors. The public is becoming increasingly aware of the threat of terrorists who may try to introduce waterborne contaminates into the nation's water supplies. PHBT is positioned to produce and market its disinfection systems on the homeland security front fulfilling an urgent public need. The foregoing press release contains forward-looking statements that can be identified by such terminology as "expects," "potential,""suggests," "may," "intends," or similar expressions. Such forward-looking statements involve known risks, uncertainties, and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management expectations regarding future research, development, and or commercial results could be affected by, among other things, uncertainties relating to the availability of future financing; unexpected regulatory delays or government regulation generally; the company's ability to obtain or maintain patent and other proprietary intellectual property protection; and competition in general. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. SOURCE: Pure H20 Bio-Technologies, Inc. Pure H20 Bio-Technologies, Inc., Boca Raton Media & Investor Contact: Elena Canadeo, 561-218-6169 [/QB][/QUOTE]
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