Water Now, Inc. Announces Sale of Substantially All of Its Assets for $30.0 Million

Fort Worth, TX, Aug. 03, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE --Water Now, Inc. (OTC QB: WTNW) today announced it has signed a definitive agreement to sell substantially all of its assets to RigMax H20, LLC for a total purchase price of $30.0 million in cash, subject to certain adjustments and credits.    

The transaction is targeted to close, subject to confirmatory due diligence and receipt of shareholder and other mandated regulatory approvals, on or before October 31, 2020.

About Water Now, Inc.

Water Now, Inc., headquartered in Fort Worth, Texas, is engaged in the business of providing water purification solutions. For additional information about Water Now, Inc., please visit its website at http://www.waternowinc.com.


David King, Chief Executive Officer

Water Now, Inc.

(817) 900-9184

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this press release, including, but not limited to, information regarding the anticipated dates for the closing of the asset sale transaction are forward-looking statements. Generally, the words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “project,” “expect,” “predict” and similar expressions identify these forward-looking statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Forward-looking statements are based on management’s current expectations and estimates. These statements are neither promises nor guarantees and are made subject to certain risks and uncertainties that could cause the actual timing of the closing to vary from that stated or implied in this press release.

When considering forward-looking statements, you should keep in mind the risk factors and other cautionary statements set forth in Water Now’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and the other reports that it files with the Securities and Exchange Commission, from time to time. Except as required under applicable law, Water Now assumes no obligation to update or revise any forward-looking statements made herein or any other forward-looking statements made by it, whether as a result of new information, future events or otherwise.