2004-05-10 14:02:47

Aquagen International, Inc. Completes Acquisition of Quantum Laboratories, Inc.

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SALT LAKE CITY, May 10 /PRNewswire-FirstCall/ -- Aquagen International, Inc. (OTC: AQGI.PK) today announced the acquisition of Quantum Laboratories, a division of Global Bioenergetics Technology, Inc., an international company that builds medical facilities, develops water enriched and bio-remediation products, located in San Ramon, CA, with additional offices in Hawaii, Connecticut and Yucatan, Mexico. Aquagen International, Inc. today announced that it completed the acquisition of Quantum Laboratories, a division of Global Bioenergetics Technology and now holds the same as a wholly owned subsidiary. Quantum Laboratories has developed water-enriched products, anti-aging products, anti oxidant and a many other natural products. "We are very happy to finally complete the Quantum Laboratories acquisition and add Quantum Laboratories to our company," said Joanne Clinger, Aquagen's CEO. "Quantum's natural supplements, anti aging and water products are innovative and proprietary and will benefit by combining our stabilized liquid oxygen product, Aquagen(R), to many formulas," said Clinger. "Quantum is equally enthused about aligning with Aquagen, since it is a public company with the ability to help us improve our product development and capitalize our joint marketing efforts in not only the natural health food and supplement markets but also in many other marketing channels that Aquagen is either currently in or soon will be," said Charles Zaloumis, Quantum's President and CEO. "Aquagen has an excellent history. It has developed and marketed its products effectively for many years. This gives the company credibility and longevity. Conversely, we, at Global, have gathered strategic partners and joined with health care professionals and scientists in the traditional and complementary health care fields that can assist in testing and providing markets for our combined health care products and supplements," said Zaloumis. "We believe that we can do some great things together in the coming months and years. With our experience in the medical and health care fields and Aquagen's many years in the marketing and product development trenches, our united companies can be a formidable product development and marketing machine," said Zaloumis. Effective with the acquisition, Quantum Laboratories is a wholly owned subsidiary of Aquagen International, Inc. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995 Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements. " SOURCE Aquagen International, Inc. -0- 05/10/2004 /CONTACT: Wayne Reichmann for Aquagen International, Inc., +1-801-484-2777/ (AQGI) CO: Aquagen International, Inc.; Quantum Laboratories, Inc.; Global Bioenergetics Technology, Inc. ST: Utah, California IN: BIO MTC HEA OTC ENV SU: TNM

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Due Da Due......But Be Quick About It!!!!!

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Due Da Due......But Be Quick About It!!!!!