Company Editors
DRAPER, Utah--(Organization WIRE)--July 27, 2001
HydroMaid Global Inc. (OTCBB: HYII) Friday declared at a Specific Meeting of Stockholders, held on Thursday, July 26, 2001, that the stockholders accredited an amendment to the company's Content articles of Incorporation to raise the authorized multitude of shares from 30 million to forty million.
A portion of the shares will be reserved for issuance upon finalization of the earlier declared acquisition of EcoSafe LLC.
Culley W. Davis, the company's president, reviewed the company's progress in its joint progress efforts with Electrolux for a dishwasher that incorporates the HydroMaid blade method.
The small business ideas to meet with Electrolux in the near potential to negotiate licensing terms, and anticipates that creation of dishwashers utilizing HydroMaid's engineering will very likely arise in 12 to 18 months if an arrangement is arrived at.
Davis also reported that (1) the firm is nevertheless in discussions with a national homebuilder that has an fascination in installing the HydroMaid in its new houses, (two) a lot of major appliance online businesses are assessing the HydroMaid for possible distribution, and (3) negotiations are underway with a probable distribution spouse in Japan.
Certain of the statements herein may well be forward-looking that include risks and uncertainties. In such instances, real good results could vary materially as a result of a range of issues, for example the hazards connected with the result of shifting economic problems and other probability factors thorough in the company's Securities and Exchange Commission filings.
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