LAS VEGAS, Jan. 29, 2008 (PRIME NEWSWIRE) -- S2C Global Systems (OTCBB:STWG) (http://www.s2cglobal.com) announced on December 8th, 2007, the establishment of an international water brokering division. Today, S2C Global's Vice-President of Procurement, Andre Radermaker, delivered a letter of intent from Global Canada Water Corp. (a private company) that will initiate the establishment of a supply agreement for delivery of bottled water into China. The initial purchase orders are for US$5 million (10 and 20 Liter sizes), with the option to increase this amount by 20% to 30% annually. The LOI is conditional upon the approval of the water source and packaging. The intended water is from a quality source in Southwestern British Columbia and the packaging is being supplied through an international supplier of food-grade plastics.
"The Chinese water crisis has been front page news the last few years, with over half of China's population, about 700 million people, and 11 percent of the world's population, only having access to drinking water of a quality below World Health Organization standards (WHO)"(1).
"Providing a quality water product and long-term associated water technologies into China is within the capabilities and business plan of S2C Global Systems," says S2C Global Systems CEO, Rod Bartlett.
About S2C Global Systems Inc.
S2C Global Systems Inc. designs and develops highly efficient automated distribution systems to move products directly from suppliers to consumers. Established in 2004, S2C Global (www.s2cglobal.com) has built the world's first commercial vending system that accepts back return containers. S2C's first system known as the "Aquaduct" delivers prepackaged 5-gallon bottled water from the bottling plant to the consumer. To find out more about S2C Global Systems Inc. (OTCBB:STWG) visit our website at www.s2cglobal.com.
Forward-Looking Statements
The foregoing news release includes numerous forward-looking statements concerning the company's business and future prospects and other similar statements that do not concern matters of historical fact. The federal securities laws provide a limited "safe harbor" for certain forward-looking statements. Forward-looking statements in this news release relating to product development, business prospects and development of a commercial market for technological advances are based on the company's current expectations. The company's current expectations are subject to all of the uncertainties and risks customarily associated with new business ventures including, but not limited to, market conditions, successful product development and acceptance, competition and overall economic conditions, as well as the risk of adverse regulatory actions. The company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements. The company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or for any other reason.
(1) China's Imminent Water Crisis, Tina Butler, mongabay.com May 30, 2005