The remaining 200 shares are currently held by the daughter of the seller, but are expected to soon be transferred to the new owners.Additional investors have expressed a willingness to invest.
It is expected that the matter will be satisfactorily resolved by payment of a much reduced amount.
The chart and table below summarize the start-up requirements for H20 Industries.
H20 Industries was established in October 1998 through the purchase of the assets of Commercial Waters Systems, Inc. CWSI was an under-capitalized, cash flow-starved DI exchange tank service provider.
Three hundred sixty of the shares of H20 Industries are owned by David R.
The facilities are located in a rented building on an industrial estate in Newark, California.
A description of the technology involved in the production can be found in section 3.5 (Technology).However, this plan is being written as a start-up primarily because there are no reliable financial figures for prior years for comparison purposes, and partly because of the move to new facilities and the sizable investment in new plant and equipment involved.Due to certain misrepresentations by the seller, the agreed sales price is under protest.The following is a description of the production layout.- The provision of potable water in both urban and rural centers is supposed to be the primary responsibility of the government.Smith, vice president sales and applications of PROSYS, a large manufacturer and system designer of water treatment equipment.Five hundred sixty of the shares are owned by John Jones who is regional sales manager for DUFF. (H20 Industries) provides the service of ion exchange portable tanks.This is the process of purifying water for industrial purposes.This would help bring in needed administrative expertise, while also increasing the equity base.Assets of a former operating company were bought out and customers of the former company continue to be serviced by the purchasing company, H20 Industries, partly from continuing operations and partly from farming regeneration work out.