NEW YORK, Jan. 24, 2005 (BUSINESS WIRE) -- International Development Corp. has established a wholly owned subsidiary Fresh Water Technologies Inc., a Nevada corporation. Fresh Water Technologies provides its customers with state of the art chemical free clean drinking water and industrial/commercial water treatment technologies.
IDVL President Max Weissengruber stated, "FWI will focus its business efforts in North and Latin America. FWI will build a distribution network that provides ongoing local service and support to our customers. Through out the Americas there is an unprecedented demand for effective, chemical free water management systems. The public's demand for safe drinking water has never been higher, given that the cost, availability and safety of the drinking water supply are critical economic and health concerns.
"Conversely," he added, "industrial and commercial users of water for heating, cooling and processing purposes are embracing state of the art chemical free water treatment technology to increase energy efficiency, reduce maintenance costs and prolong the life of their equipment by replacing chemical methods with environmentally friendly technology that removes and prevent scale, rust and corrosion without harming the environment. FWI believes that its focus on effective, chemical free technologies such as ultra violet, ozone and water activation will triumph due to the public's demand for products that meet increasingly stringent environmental standards."
International Development Corp. business strategy is to identify and close focused acquisitions, building our company through steady planned growth. By creating a subsidiary company to continue its investment in chemical free water treatment technologies, the company believes it will be able to capitalize on its significant water treatment activities while pursuing corporate diversification through the acquisition of promising private companies that have proven technological excellence.
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