Lifetech Industries Acquires Distribution And Technology Licensing Rights Of Advanced Japanese Atmospheric Water Generator Technology

LOS ANGELES, Oct. 15, 2012 /PRNewswire/ -- Lifetech Industries Inc. (OTC Bulletin Board:  LTCH) is pleased to announce it has entered into a Joint Venture Agreement, a Distribution Agreement, and a Technology License Agreement (the "Agreements") with Lifetech Japan Corporation (the "Manufacturer"), a Japanese corporation.  

Pursuant to the Agreements, Lifetech acquired the global exclusive right (excluding Japan) to make, use, sell or otherwise distribute the Manufacturer's atmospheric water generator (AWG) products and technologies.  The Manufacturer has also granted the Company an exclusive and perpetual license to any and all of the Manufacturer's patents, trademarks and all other intellectual property related to the Manufacturer's AWG products, as well as the global exclusive right (excluding Japan) to assign, sublicense or otherwise transfer such rights in the Manufacturer's technology to third parties, globally. 

CONTACT PERSON:

Mr. Benjamin Chung
CEO & President
ir@lifetechindustries.com

Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.  Such forward-looking statements include, among other things, the successful operation of LifeTech's business.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.  Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.  Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the Company's recent current reports on Form 8-K, our annual report on Form 10-K, our quarterly reports on Form 10-Q, and other periodic and current reports filed from time to time with the Securities and Exchange Commission.

SOURCE Lifetech Industries Inc.

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