Aqua Innovations, Inc. acquired BluFlow Technologies, Inc. from Ceres Ventures Inc. (OTCPK:CEVE) for $0.75 million on April 29, 2013. Ceres Ventures sold all of the issued and outstanding shares of BluFlow to Acqua Innovations in exchange for Acqua Innovations assuming certain liabilities totaling approximately $0.75 million owed by BluFlow. The transaction is expected to close on May 3, 2013. Joseph Sierchio of Sierchio & Company LLP acted as legal advisor for Aqua Innovations.

Aqua Innovations, Inc. completed the acquisition of BluFlow Technologies, Inc. from Ceres Ventures Inc. (OTCPK:CEVE) on April 29, 2013.