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International Development Corp. -IDVL-, Wholly Owned Subsidiary Freshwater Technologies Inc. -FWTI- Authorized Distributor Agreement With AVILA STEM S.A. 1/31/2005 11:45:00 AM NEW YORK, Jan 31, 2005 (BUSINESS WIRE) -- Freshwater Technologies Inc.,. a company dedicated to effective water treatment systems, today announced that it has authorized a distributor agreement with AVILA STEM S.A. to represent FWTI water products in Costa Rica and surrounding Central America countries. International Development Corp. trades on the OTCBB under the symbol (IDVL).
AVILA STEM's commitment to our chemical free water products will establish an unparalleled opportunity for FWTI to expand our reach. There are several thousand boiler units in Costa Rica alone. Under a previous agreement with IDVL, AVILA STEM provided a trial water activation installation at one of the fifty Costa Rican government run hospitals. To date, FWTI has received very positive progress reports with regards to energy savings and environmental enhancement achieved through FWTI's chemical free solution. FWTI anticipates several additional trials to be completed in the next quarter resulting in promising sales opportunities for FWTI.
Max Weissengruber, President of IDVL, stated, "The opportunity could not be better to offer FWTI's industrial and commercial clients an affordable chemical free water activation solution for heating, cooling and processing purposes. Our water treatment product removes and prevents scale, rust and corrosion while increasing energy efficiency. We are confident that together, AVILA STEM and FWTI will achieve substantial revenue for the company and its investors through our effective collaboration."
FWTI believes that its focus on effective, chemical free technologies such as ultra violet, ozone and water activation can meet increasingly stringent environmental standards in a safe and profitable manner.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
SOURCE: International Development Corp.
International Development Corp. Max Weissengruber, 716-332-7150
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