HERTS, United Kingdom (TADAWUL:), Nov. 16, 2024 (GLOBE NEWSWIRE) — 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 lead to AWS having management over ZHUD. The efficient date of the merger is 10/31/24.
An software for title change has been filed and the brand new title of the entity might be Automated Water Options Inc.. A inventory image change might be forthcoming additionally. The brand new board of administrators might be W. Kyle Lewis (JO:), 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 value per barrel to be decrease than our rivals and in the end save the shopper tens of millions of {dollars} per 12 months 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 know-how whether 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 will be achieved. AWS can have turnkey choices for patrons together with above floor storage tank (AST) rental, frac pond development, generator rental, skim oil restoration and automation set up along with our produced water recycling programs.
Managed Investments acted as an Advisor to the Transaction (JO:). Managed Investments is a capital funding agency led by Josh Cohen that has raised $310 million in dedicated capital this 12 months and has acted as an advisor or co-advisor to over $1.3 billion in consummated transactions over the previous decade.
Because of AWS and its know-how capabilities, each events anticipate a brilliant 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 subject to the identical a two % 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 well-liked inventory held by Belisarian. Managed Investments is a guarantor on this transaction.
Secure Harbor Assertion
This launch comprises forward-looking statements inside the which means of the Personal Securities Litigation Reform Act of 1995. You possibly can establish these statements by means of the phrases “could,” “ought to,” “plans,” “expects,” “anticipates,” “proceed,” “estimates,” “initiatives,” “intends,” and related expressions. Ahead trying statements contain dangers and uncertainties that would trigger outcomes to vary materially from these projected or anticipated. These dangers and uncertainties embody, however will not be restricted to, the corporate’s means to efficiently execute its expanded enterprise technique, together with by getting into into definitive agreements with suppliers, industrial companions and clients; common financial and enterprise circumstances, results of continued geopolitical unrest and regional conflicts, competitors, modifications in know-how 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 elements, manufacturing delays as a consequence of efficiency high quality points with outsourced elements, regulatory necessities and the power to fulfill them, authorities company guidelines and modifications, and varied different elements past the Firm’s management.
Media Particulars:
Firm Title: Belisarian Holdings , Zhuding Worldwide Restricted
Contact particular person: Dilan Gonzalez
dilangonzalez@belisarianholdings.com
https://www.otcmarkets.com/inventory/ZHUD/profile
https://www.instagram.com/p/C_x8_dtp1Dh/?igsh=MXJ2OGxjOTFqaGF0MQ==
A photograph accompanying this announcement is accessible at https://www.globenewswire.com/NewsRoom/AttachmentNg/47471daa-5fa6-40b6-b227-f64959068a6d
Supply: Belisarian Holdings
