AquaLiv Technologies, Inc. Releases CEO Letter to Shareholders Company to Change Name to Verity Corp
SIOUX FALLS, S.D., Feb. 19, 2013 /PRNewswire/ -- AquaLiv Technologies, Inc. (OTC QB: AQLV), a vertically integrated premium natural food producer and life sciences research and development company, released a Letter to Shareholders by Mr. Duane Spader, CEO of AquaLiv Technologies. The letter has been posted on the corporate website at http://www.veritycorp.com/news/aqualiv-technologies-inc-action-plan/ and is reproduced in its entirety below:
Dear Current and Future Shareholders,
It is my pleasure to have the opportunity to address the shareholders – both current and future – of AquaLiv Technologies, Inc. A lot has happened over the past couple of months and we know that many questions have been raised during this time. We have worked hard to bring you information in a timely manner and will continue to do so as we can. We diligently strive to shed light on the fluid changes in the direction of the company and what the future might hold for us as a company as well as you as a shareholder.
I believe the best way to demonstrate our commitment to the company and to you, our shareholders, is to emphasize OUR CORE VALUES as outlined on our website (http://www.veritycorp.com/about-us/core-values/). In everything we do, we put these Core Values first and foremost.
#1 ETHICS: Doing the right thing.This is important to retain the trust of our vendors, customers, employees, and shareholders. By being ethical, we strive to gain your trust and we recognize that trust is earned and not easily won. Recently we have posted disclosures to the Securities and Exchange Commission ("SEC"), while simultaneously providing information through press releases and updating our corporate web sites, all in an effort to bring information and clarity to our objectives. While the reason behind our recent actions may not be readily apparent, each one has been done with the best interest of the stakeholders as a whole in mind. One of our next corporate actions will be to complete the name change of the company to Verity Corp., which will better reflect the organization going forward. We will continue to do what we believe is best for the long term success of the company and will work hard to earn and keep your trust.
#2 FINANCIAL STABILITY: Strive for solutions that contribute to the financial well-being of those who participate in the Corporation's premium natural food chain. We recognize the need for our company to stand on a firm foundation. To do this we need to support and enhance the success of the small farming community whose life savings are constantly at stake, as well as our other partners that participate in a mutually beneficial economic relationship with Verity. In providing for this foundation, the company is investing heavily in initiatives now and will continue in the future to properly position the company, its assets, its subsidiaries, and its shareholders for long term growth and continued success. We want to emphasize that this is not a simple or short term project. Many of the initiatives we are undertaking are 3 to 5 years in the making. Decisions regarding the financial positioning of the company will be made with emphasis towards building and strengthening a profitable, revenue-driven company that produces results.
Our present objective is the intermediate capitalization of the company while we work through the initial steps of our business growth. Emerging companies such as ours require capital to move to the next level. To obtain desired growth over the next 5 years, our immediate need is to raise short term capital to expand the various business units and begin the integration of our business technologies and position the company to accept capital from institutional investors in the future. If our objectives are too long-term or not of interest for an individual shareholder's needs, we want you to have this information to make a proper and accredited decision today that meets your risk tolerance and time horizon through full transparency and full disclosure.
We believe that those shareholders that are able to share our long term vision will be significantly rewarded in the future through prudent management, strong revenues, and strong assets. They will also be able to take pride by contributing to healthy food production that, at the very least, is an alternative framework for the future of healthy food in the next generation.
#3 TEAMWORK: Achieve productive and satisfying relationships within all our business groups and with all affiliates in the Corporation. While teamwork may seem over used and a bit of a cliche, no one succeeds on their own. There are numerous persons spending a lot of time and energy to ensure the success of our company. They are sacrificing as a team for the belief that we can create a healthy, long-term and prosperous corporation for generations to come. We also believe that our shareholders are part of that team and we will treat those that have chosen to invest their capital with the respect and openness that you deserve. We are not doing this alone and we can not do it without your help.
#4 EXCELLENCE: Constantly strive to achieve exceptional performance and results with all that we do. From healthy soil to the healthful food on your plate, we will continue to raise expectations and set higher standards in the marketplace. This does not mean that we will never make mistakes, but we will always accept responsibility and always strive for excellence in our delivery. We will continue to learn and continue to grow, and we are excited about introducing healthy technologies to the world that are compatible with natural processes.
In conclusion, this is an exciting time for the Verity and AquaLiv organizations and we look forward to gaining broad acceptance in the marketplace. We have ramped up rapidly since June 2011 and have strengthened our corporate culture, our people, and the needed business model for effective controlled growth. While we are confident of a basic sound foundation, there is still a lot of work ahead of us. We are working diligently to increase the market's awareness of Verity, enhance shareholder value, capitalize the company and changing the corporate name to Verity Corp.
Verity's mission is "To deliver vertically integrated solutions that leverage the natural resources of soil, water and biology through verity technologies." Join us as we make a difference for future generations.
/s/ Duane Spader
Duane Spader, CEO
AquaLiv Technologies, Inc.
Verity Farms II, Inc.
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About AquaLiv Technologies (www.aqualivtech.com)
AquaLiv Technologies, Inc., through its subsidiaries, Verity Farms and Aistiva Corporation, is a vertically integrated premium natural foods producer utilizing advanced food production technologies.
About Verity Farms (www.veritycorp.com)
Verity Farms is dedicated to providing consumers with safe, high quality and nutritious food sources through sustainable crop and livestock production. Verity has built the foundation for expansion that is diversified into three distinct, yet interlinked, divisions operating six business units. The three divisions: Soil Preservation, Water Systems and Consumer Products. Soil Preservation consists of Verity Farms and Verity Turf; Verity Water Systems comprises its own division; and, Verity Consumer Products will consist of Verity Meats, Verity Produce and Verity Grains. The common goal within each Verity Business Unit is to decrease chemical dependency, to diminish the need for genetic modification, to preserve the family farm, and ultimately, to provide a nutritious, high-quality food source to consumers.
Aistiva Corporation is a life sciences research and development company creating novel products for numerous industries. The company's patented technology influences biological processes naturally and without chemical interaction. From increased crop yields to drug-free medicine, Aistiva is providing innovative physics-based solutions to the world's largest problems. To learn more about Aistiva, please visit: www.aistiva.com.
Safe Harbor: Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
AquaLiv Technologies Investor Relations
SOURCE AquaLiv Technologies, Inc.