PLAINVIEW, N.Y., Nov. 19, 2012 /PRNewswire/ -- PureSafe Water Systems, Inc. ("PureSafe") (OTCBB:PSWS) reported today that it has retained Dominick & Dominick LLC ("Dominick"), a New York City based investment banking and private wealth management firm, to act as the Company's strategic financial advisor, as the Company looks to increase production of their mobile water purification units to meet heavy demand.
PureSafe believes that Dominick's extensive experience, expertise, and long history of success will greatly assist in the global strategic rollout of their water purification units over the short, medium and long term. Dominick will provide the Company with capital markets and investment banking services, as well as advising on potential synergistic corporate transactions.
Leslie Kessler, CEO of PureSafe, commented on the appointment of Dominick and recent Company developments:
"Dominick & Dominick shares PureSafe's strategic vision in globally deploying a water purification unit that is mobile, easily deployed, and is capable of treating all types of contaminated water.
Over the past 12 months we have moved from our R&D phase into our initial production phase, selling our first production units which are now successfully deployed in the field. During this time, our Company has started to rapidly transform, as the global water market realizes the multi-faceted applications of our product even outside of the disaster relief arena and use in 3rd world countries for treatment of contaminated water. Many of the groups contacting us for our product are involved in other sectors including oil & gas, mining, and agriculture, just to name a few. The fact that the unit is extremely mobile, easily deployed, can treat all types of contaminated water, and operated through a simple touch screen (even by untrained personnel), it truly allows our customers maximum flexibility. We currently have units on the ground in the oil & gas space, which is an area where we see an extraordinary opportunity for our units to greatly increase efficiency, while creating an environmentally responsible workplace.
We are excited about our new relationship with Dominick and believe that a firm with their insight and integrity can help us move into a position to take advantage of an extraordinary market opportunity. After 5 years of diligent research and development we are now poised to rollout globally PureSafe water purification units."
Alex Seiler, CEO of Dominick & Dominick LLC stated,
"I was enormously impressed by the history and potential of PureSafe. We believe PureSafe is in an attractive position to make a major impact in the target markets that desperately need water purification systems, and the Company is on track to become a recognized global leader in the space."
Dominick & Dominick LLC, an independent securities firm established in 1870, is one of the oldest, continuously operated broker-dealers in the United States. During its 142-year history, it has been consistently known for its expertise in private wealth management and investment banking. Dominick & Dominick is based in New York, New York with additional offices in Miami, Florida, Atlanta, Georgia and Basel, Switzerland. Member FINRA and SIPC.
From time to time, information provided by the Company (including; but not limited to this release), statements made by its employees or information included in its filings with the Securities and Exchange Commission may contain "forward -looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. With respect to such forward-looking statements, the Company claims protection under the Private Securities Litigation Reform Act of 1995. The Company's results may differ significantly from those stated in any forward-looking statements. Forward-looking statements involve a number of risks and uncertainties, including, but not limited to, product demand, pricing, market acceptance, litigation, risks in product and technology development and other risk factors detailed from time to time in the Company's Securities and Exchange Commission reports including, without limitation, its 2011 Form 10-K and Forms 10-Q. The Company does not undertake to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
SOURCE PureSafe Water Systems, Inc.