Andiamo Corp. announced today the acquisition of Sustainable Water Solutions Inc. (SWS) in an all stock deal.
SWS develops and incorporates environmentally friendly and sustainable technologies into modular and distributed components and integrated systems for water, wastewater treatment and industrial water applications. SWS’s capabilities include design, engineering, manufacturing, installation and services water treatment systems utilizing proprietary technologies to clean water and treat wastewater for industrial and environmental applications. The Company’s primary applications focus on ultrapure, industrial, power generation, tertiary recovery and ground water remediation in the laboratory, pharmaceutical, power generation, pulp and paper, municipal, catastrophe response and environmental markets. The product mix includes reverse osmosis, ultrafiltration, deionization, filtration, deaerators, and PFC remediation. All products will be available in portable containers for quick dispatch, remote installation, and monitoring ideal for worldwide catastrophe support.
SWS is developing its own technologies and applications while constantly evaluating potential acquisition targets with a strong service base and emerging technologies for synergistic applications. The Company’s objective is growth through a combination of internal development, technology acquisition, service outlet acquisition and improved marketing to end users.
The current primary, proprietary technology includes the use of patented rhamnolipid technology and the development of a diffusion-based dosing technology. The incorporation of rhamnolipid, and other proprietary technologies into water treatment systems, lowers the operating costs, carbon footprints and environmental impact of equipment.
SWS currently has confidential LOI’s with two water treatment companies with an extensive installed base, distribution infrastructure and manufacturing facilities. The acquisitions, upon completed, have specialty environmental permits which support SWS’ continued expansion, and could provide a 30-year profitable operating history with approximately $8 million in operating revenues.
Mr. Donald R. Keer, P.E., Esq. has stepped down as Interim CEO of ANDI and is the President and CEO of Sustainable Water Solutions, Inc. With over 30 years of experience in the water treatment industry as an engineer, business owner and attorney, he is the right person to head up SWS and these proposed acquisitions.
Mr. Keer states ”The water industry is part of the green revolution that benefits everyone worldwide. An individual cannot survive 3 days without water. Water touches every part of a manufacturing operation. SWS is uniquely situated to provide a consolidation of a fragmented industry to support Total Water Management approaches to industrial and municipal operations. We are excited about the opportunity to work within the Andiamo framework to provide its shareholders payback while Sustainable Water Solutions obtains the ability to invest in its growth and acquire strategic companies.”
“We understand that water treatment is not the market Andiamo investors have come to expect but we believe that this corporate structure provides a diversified technology market where a synergy between the parent and subsidiary will result in improved shareholder value.”
“As much as I love Andiamo and its shareholders it was going to take something special for me to return to ANDI, and I believe that SWS fits that bill”, stated William White, CEO of Andiamo Corp. “This deal, while not in our usual space, can bring stable and recurring revenues to ANDI, and as an added bonus, Mr. Keer has an offer for direct funding of acquisitions, which means this deal further fits our goal of non-dilutive funding.”
As stated in our previous releases, the Company is in the final stages of preparing our Annual “State of the Company” Letter to the Shareholders, and barring any complications, will be released tomorrow.
SWS develops and incorporates environmentally friendly and sustainable technologies into modular and distributed components and integrated systems for water, wastewater treatment and industrial water applications. SWS’s capabilities include design, engineering, manufacturing, installation and services water treatment systems utilizing proprietary technologies to clean water and treat wastewater for industrial and environmental applications.
Andiamo Corporation, a Wyoming domiciled publicly traded company, is a dedicated partnership of multi-talented people striving to utilize the micro-cap world in the proper manner, with the goal of ensuring that smaller companies in need of financing and direction have these resources available to them. We believe it is our duty to act responsibly and honestly to help ensure the success of our country’s greatest source of stability and job growth – the small business owner. In a realigning of our corporate focus and mission, we have transitioned from a one product company into a true source of developmental resources for other companies spread across a diverse range of industries. This rebranding of our culture and direction has enabled us to expand our role as a holding company, resulting in a marked increase in new business opportunities. Specifically, we look for established companies with recurring revenues who need a capital infusion to move their business to the next level of profitability. With our additional resources and contacts, Andiamo now offers an end-to-end solution to ensure the success of our clients inside the micro-cap funding community, getting them the funding, they need to bring their products to a national level with the aim of improving their bottom line. You can follow us on Twitter @AndiamoCorp .
This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company’s actual results to differ materially from those projected in such statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly revise any forward-looking statements.