Zhuding Worldwide Restricted (OTC: ZHUD), a Nevada company, and Automated Water Options Inc., (AWS), a Texas company, are happy to announce the signing of a Reverse Merger Settlement for the acquisition of AWS by ZHUD that can end in AWS having management over ZHUD. The efficient date of the merger is 10/31/24.
An utility for title change has been filed and the brand new title of the entity will probably be Automated Water Options Inc.. A inventory image change will probably be forthcoming additionally. The brand new board of administrators will probably be W. Kyle Lewis, John H. Slocum, Dennis M Sheib, Josh Cohen, and Jon M. Andrews.
Automated Water Options Inc. “AWS” began as a imaginative and prescient over 5 years in the past of the place produced water recycling effectivity wanted to be. Analysis and commentary of the applied sciences that go into making produced water reuse efficient and economical has culminated into this firm. Using automation all through the water clean-up course of and environment friendly G&A value permits our price per barrel to be decrease than our rivals and in the end save the client thousands and thousands of {dollars} per yr whereas offering a product that’s constant to their specs.
AWS will present clients with a superior course of for recycling produced water utilizing Ozone and nanobubble expertise whether or not or not it’s a whole TSS removing course of or a extra easy disinfection and filtration course of. Each processes are utterly automated and volumes of as much as 80,000 barrels per day of throughput may be achieved. AWS can have turnkey choices for patrons together with above floor storage tank (AST) rental, frac pond building, generator rental, skim oil restoration and automation set up along with our produced water recycling methods.
Managed Investments acted as an Advisor to the Transaction. Managed Investments is a capital funding agency led by Josh Cohen that has raised $310 million in dedicated capital this yr and has acted as an advisor or co-advisor to over $1.3 billion in consummated transactions over the previous decade.
On account of AWS and its expertise capabilities, each events anticipate a vivid future for current and future shareholders.
As a part of the transaction, AWS will pays Belisarian Holdings, LLC. $325,000 over a six-month interval and difficulty to the identical a two p.c fairness stake, which is topic to a two-year holding interval, in settlement of money owed owed to Belisarian and in consideration of the sale of most popular inventory held by Belisarian. Managed Investments is a guarantor on this transaction.
Protected Harbor Assertion
This launch incorporates forward-looking statements inside the which means of the Personal Securities Litigation Reform Act of 1995. You may determine these statements by way of the phrases “may,” “should,” “plans,” “expects,” “anticipates,” “continue,” “estimates,” “projects,” “intends,” and related expressions. Ahead wanting statements contain dangers and uncertainties that might trigger outcomes to vary materially from these projected or anticipated. These dangers and uncertainties embody, however aren’t restricted to, the corporate’s capability to efficiently execute its expanded enterprise technique, together with by getting into into definitive agreements with suppliers, industrial companions and clients; basic financial and enterprise circumstances, results of continued geopolitical unrest and regional conflicts, competitors, modifications in expertise and strategies of promoting, delays in finishing varied engineering and manufacturing packages, modifications in buyer order patterns, modifications in product combine, continued success in technical advances and delivering technological improvements, shortages in parts, manufacturing delays resulting from efficiency high quality points with outsourced parts, regulatory necessities and the flexibility to satisfy them, authorities company guidelines and modifications, and varied different elements past the Firm’s management.
Media Particulars:
Firm Identify: Belisarian Holdings , Zhuding Worldwide Restricted
Contact individual: Dilan Gonzalez
dilangonzalez@belisarianholdings.com
https://www.otcmarkets.com/inventory/ZHUD/profile
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