LINDON, Utah, Nov. 8, 2006 (PRIMEZONE) -- Electric Aquagenics Unlimited, Inc. ("EAU" or "Company") (OTCBB:EAQU), a provider of electrolyzed oxidative water that promotes "Green Chemistry" to numerous industries including food processing, agriculture and consumer products, today announced third-quarter results.
The Company had total revenues of $778,737 for the three months ended September 30, 2006, which represents an increase of 179% from the $278,767 in total revenues for the same period one year earlier. The Company's general and administrative expenses totaled $1,289,315 during the three months ended September 30, 2006, compared to $1,788,638 during the three months ended September 30, 2005, for a decrease of $499,323, or 28%. Revenues for the nine months ended September 30, 2006 are $1,882,077, 269% of the total revenues for all of 2005, which were $676,502.
As the Company moves from research and development to revenues, EAU has seen significant growth in equipment sales to what is now an affiliate company. In addition to being EAU's primary customer, Water Science, LLC and its affiliates are now EAU's largest investors. Water Science has ordered numerous high-volume P-1200 machines for use in various agriculture applications. Of the installations in Central and South America, the technology has been embraced by its users and is proving invaluable in mitigating or eradicating harmful molds and fungi, with higher efficacy and less toxicity. New applications are being developed in the field by Water Science that will allow EAU the opportunity to introduce this revolutionary technology throughout the U.S. and other international markets.
About EAU:
Electric Aquagenics Unlimited, 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. Such forward-looking statements may include without limitation, our expectations about the growth and the potential for the company, and Mr. Bradley's ability to lead the company in that growth. 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 associated with successfully developing our business in evolving markets, our need for additional capital, our continuing operating losses, the ability of our management to conduct distribution activities and sell products, possible failure to successfully develop new products, vulnerability to competitors due to lack of patents on our products, and other risk factors listed in our annual report on Form 10-KSB for the year ended December 31, 2005 and our other SEC reports. 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.