MIAMI, Nov. 17, 2009 (GLOBE NEWSWIRE) -- Centriforce Technology Corp. (Pink Sheets:CNFO) announced today that it has signed an LOI (Letter of Intent) with American International Industries, Inc. (Nasdaq:AMIN), an Investment-Management company that is planning to make strategic investments in the Water Purification and Desalination industries.
"Based on recent Validation Testing, Centriforce Technology has already proven that our desalination technology is more efficient to operate than current systems in use," stated Matthew Schulman, President. "We are very pleased to be developing a strategic partnership with American International Industries, Inc. that will assist our global expansion and organizational plans, allowing Centriforce to reach higher plateaus in less time," added Mr. Schulman.
Centriforce is determined to become a driving force in the water desalination industry as worldwide shortages of potable water are predicted to increase dramatically in the future.
Centriforce has been working diligently to bring its advanced technology to the desalination industry, improving system efficiency and production results. These enhancements will enable more projects worldwide to be approved from economic and engineering viewpoints.
The LOI referred to above between Centriforce Technology Corp. and American International Industries, Inc. is non-binding.
Safe Harbor Statement: Under the Private Securities Litigation Reform Act of 1995 this news release contains forward looking statements within the meaning of section 27A of the Securities Act, as amended, and Section 21E of the Securities Exchange Act, as amended. Forward looking statements often include words such as expect, hope, anticipate, believes, etc. Forward looking statements involve both known and unknown risks and uncertainties that may cause actual results and performance to differ materially from those expressed in this press release.