Water Ways engages Questrade as a market maker
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TORONTO, Oct. 11, 2019 (GLOBE NEWSWIRE) – Water Ways Technologies Inc. (Water Ways) (TSXV: WWT) announces that it has retained the services of Questrade, Inc. (“Questrade”) to provide services as that manufacturer market for a fee of up to $ 4,500 per month for a period of one year. No stock option is granted as part of the commitment.
Questrade, Inc. provides Canadians with direct, high-speed access to the US and Canadian stock and options markets through its IQ trading platforms. Questrade provides market making services on behalf of companies listed on the TSX, TSX Venture Exchange and Canadian Stock Exchange, providing liquidity to shareholders on the exchanges.
Questrade deals at arm’s length with the Company. Questrade’s market making activity will primarily consist of correcting temporary imbalances in the supply and demand of shares of the Company. Questrade will be responsible for the costs it incurs in buying and selling shares of the Company, and no third party will provide funds or securities for market making activities.
About Water Ways Technologies
Water Ways is the parent company of Irri-Al-Tal (“IAT”), an Israel-based agricultural technology company specializing in providing water-based irrigation solutions to agricultural producers. IAT competes in the global irrigation systems market with an emphasis on developing solutions with commercial applications in the micro-irrigation and precision irrigation segments of the global market. Currently, the main sources of income for the IAT come from the following business units: (i) Projects business unit; and (ii) Component and equipment sales unit. IAT was founded in 2003 by Mr. Ohad Haber with the aim of capitalizing on the opportunities offered by micro-irrigation and smart irrigation, while making a positive impact on society by making these technologies more widely available, especially in the markets developing countries such as Africa and Latin. America. Past IAT projects include vineyards, water reservoirs, fish farms, fresh produce cooling chambers and more, in more than 15 countries.
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Certain statements contained in this press release constitute “forward-looking information” as that term is defined in applicable Canadian securities laws. The words “may”, “would”, “could”, “should”, “potential”, “will”, “seek”, “intend”, “plan”, “anticipate”, “believe”, ” estimate “,” expect “and similar expressions with regard to waterways. All statements other than statements of historical fact may be forward-looking information. These statements reflect Water Ways’ current views and intentions with respect to future events, and current information available to Water Ways, and are subject to certain risks, uncertainties and assumptions. Important factors or assumptions have been applied to provide forward-looking information. Many factors could cause actual results, performance or achievements that may be expressed or implied by such forward-looking information to differ from those described in this document if one or more of these risks or uncertainties materialize. If any factor unexpectedly affects Water Ways, or if the assumptions underlying the forward-looking information prove to be incorrect, actual results or events could differ materially from expected results or events. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. In addition, Water Ways assumes no responsibility for the accuracy or completeness of this forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and Water Ways assumes no obligation to publicly update or revise any forward-looking information, except as required by applicable law. Water Ways results, forward-looking information and calculations may be affected by fluctuations in exchange rates. All figures are in Canadian dollars, unless otherwise indicated.
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