“This step allows for the parties to commit to a transaction that will coordinate resources, and that will align MWTS with RAKR to better serve global water and wastewater treatment needs,” stated Bulent Hatay, CEO of MWTS. “Miranda has installations in more than 35 countries and growing. RAKR will use its global scope and synergy and its portfolio of water products to expand the collective market of the companies. We look forward to our continuing collaboration with RAKR to get our technology in the hands of people who truly benefit from it. With the addition of a strong and strategic financial partner this reach will be extended even further.”
RAKR has now built a financial consortium to affect the purchase of reciprocal stakes between the companies which RAKR believes could result in a material enhancement to Rainmaker’s financial performance. The individual operating entities will continue business as usual and should be in a period of rapid expansion. The management of RAKR continues to believe that this could lead to RAKR becoming revenue and EBITDA positive.
Chairman and CEO of Rainmaker,
Following a site visit to Miranda’s newly commissioned installation in
About
About Miranda Water Treatment Systems
Miranda Environmental Water Services is an internationally recognized leader in biological water & wastewater treatment and water reuse systems. Miranda is headquartered in
Forward-looking Statements:
Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Rainmaker's business, potential distribution partnerships and/or clients, and related business strategy. Such statements estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time to time. Rainmaker undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements.
Investor Contact
Executive Chairman and Chief Executive Officer
info@rainmakerww.com
Source:
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