LINDON, Utah, Oct. 31, 2006 (PRIMEZONE) -- EAU Technologies, Inc. (EAU) (OTCBB:EAQU), the leading provider of electrolyzed oxidative water, that promotes "Green Chemistry" to numerous industries including food processing, agriculture and consumer products, today announced Wade Bradley as its new CEO. The Utah-based Empowered Water(tm) Company has been looking for Professional management since Gaylord Karren stepped down in May of 2006. Jay Potter has been the Interim CEO since June 1, 2006. Mr. Bradley officially joins EAU November 6, 2006.
Jay Potter is turning over the leadership role at a time when EAU is poised for growth. Already eclipsing gross revenues of last year while bringing down the company's burn rate significantly, Mr. Potter leaves the Company in the best shape it has been in since its IPO three years ago. Mr. Potter exclaimed, "I am very pleased with our choice in Wade Bradley. Mr. Bradley brings professional management and strategic discernment to EAU." He continued, "EAU's Board sought a person with the ability to take the Company to the next level; Mr. Bradley is that man. Wade is a proven executive and established innovator, and we are looking forward to his taking the helm and infusing the company with his energy, passion and vision for the future of EAU."
Wade Bradley is a multi-faceted senior executive previously of Oil-Dri Corporation of America with diversified strengths in general management, sales, marketing, operations, finance, new product development and strategic planning combined with successful turnaround, acquisition and start-up experience. Mr. Bradley's financial and public company experience uniquely positions him to lead EAU from its Research and Development stage to growth and an operational state. Growing revenues and entering new markets both organically and through acquisition, Mr. Bradley's responsibilities have been in both consumer as well as industrial industries.
"I am very excited about joining the EAU Team and working with everyone to focus and commercialize our growth opportunities," said Mr. Bradley.
Mr. Bradley began his career at the public accounting firm of Arthur Young & Company in their Entrepreneurial Services Group. He then worked as the Executive Director of a Non-Profit organization that assisted disadvantaged youths in furthering their education. Over the last sixteen years he has served in various positions with Oil-Dri, ending as President of the Retail Wholesale Group which was comprised of the Consumer and Industrial businesses for Oil-Dri in the U.S., Canada, and the UK. Mr. Bradley has worked with large industrial distributors as well as National big box retailers in gaining market share in every division he worked in at Oil-Dri. Mr. Bradley received his Bachelor of Science in Accountancy from University of Illinois. He then attended the Harvard Business School for a Master of Business Administration with an emphasis on General Management, Marketing, Small Business and Start-up Ventures.
About EAU:
EAU Technologies, Inc. (EAU) is a supplier of Electrolyzed Oxidative Water Technology (EOW Technology marketed as Empowered Water(tm)) and other complementary technologies with applications in diverse industries. EAU's water-based and non-toxic (at application concentration, the solutions are non-toxic to humans and live animals) EOW Technology may replace many of the traditional methods now used to clean, disinfect, protect and nourish in large industries such as agriculture and food processing. EAU has solutions for existing bacteria, virus and mold proliferation threats. EAU continues to add innovative and efficacious products that offer a systemic approach to pathogen elimination in food processing plants and related industries, thereby producing safer foods and protecting the environment through "Green Chemistry."
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.