Summus Solutions N.V. Announces Option Agreement
29 Noviembre 2012 - 5:54PM
Marketwired Canada
Summus Solutions N.V. ("Summus" or the "Company") (TSX VENTURE:SS) is pleased to
announce that it has entered into an option agreement (the "Agreement") with
World Wide Water Systems AG ("WWWS") and InnoCap Beteiligungen AG ("InnoCap")
dated November 26, 2012. Pursuant to the terms and conditions of the Agreement,
InnoCap has granted to Summus an option (the "Option"), exercisable by Summus at
any time on or before June 30, 2014, to acquire 74.75% of the issued and
outstanding shares of WWWS, being 134,550 ordinary shares of WWWS (the "WWWS
Shares") for a purchase price of 450,000 Euros. Prior to exercising the Option,
the Company would seek approval of the TSX Venture Exchange.
In consideration for the grant of the Option, the Company has paid 10,000 Euros
to InnoCap.
WWWS is an internationally active company. WWWS has its headquarters located in
Hamburg and maintains an operating location in Erftstadt. WWWS develops and
sells water analysis appliances, water treatment and desalination plants. The
object of the company is trading in goods of all kinds and especially trading
and selling automatic water analysis equipment, water treatment and desalination
plants and other technical appliances and equipment including import and export
of such goods and plant as well as conducting all related business transactions;
the development of automatic water analysis appliances, water treatment and
desalination plant and the installation of such plant at home and abroad (plant
construction); trading in machines, consumable and spare parts as well as
maintenance, service and repair work of all kinds.
About the Company
Summus is a junior oil and gas exploration and production company focused on
identifying and exploiting hydrocarbon opportunities.
On behalf of the Board of Directors
Urs Meisterhans, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Summus Solutions N.V.
Urs Meisterhans
President
+41 44 913 36 01
www.summus-solutions.com.
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