SANTA ANA, Calif., May 9, 2011 /PRNewswire/ -- AquaStar Holdings, Inc. (Pink Sheets: RPPR) is pleased to announce that SUTIMCo's COO, Fred Rogers, was featured in an interview on ChartPoppers.com (ChartPoppers.com/iReports). During his interview, Mr. Rogers discussed that it has always been a goal to expand the Company's presence in the emerging technologies market as was the case with the initial acquisition of AquaStar Corporation and ultimately with the acquisition of SUTIMCo.
During his interview, Mr. Rogers went on to describe that the SUTIMCo business strategy avoids the limitations of working solely with one technology; it allows the Company's management team to "cherry pick" the very best technologies, taking innovation from laboratory to marketplace. He also discussed the Company's plans to complete a name change to SUTIMCo International to better reflect the new business model. Additionally, Mr. Rogers stated that in the short term the Company is working with financing partners to advance Capwave, the wind turbine technology, and AquaStar down the development path as well as the expectation to add new technologies to the portfolio throughout the remainder of 2011.
"We remain steadfast in our goal to build the company through our refined strategy," stated Malcolm Lennie, President of AquaStar Holdings, Inc. "To back up Fred Roger's statement, we feel confident that we are solidly positioned to generate significant growth in the coming years."
To listen to the entire interview visit: http://ChartPoppers.com/iReports
For more information on SUTIMCo, its portfolio companies, and University partners, please visit; http://www.suti.com
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About AquaStar Holdings, Inc.:
AquaStar Holdings, Inc. is a holding company which utilizes a unique and established platform to launch new technology enterprises based on world-class university research discoveries. AquaStar Holdings, through its wholly owned subsidiary SUTIMCo, Inc., provides experienced management to early stage companies, reducing risk and assuring the know-how in launching and growing a new company. In addition to this skilled management team, AquaStar Holdings can avail itself of the encyclopedic, informal knowledge of the inventor, his experience and his research team.
Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results
SOURCE AquaStar Holdings, Inc.