S2C Global Systems Expands Into Africa's Bottled Water Market
S2C Global Systems (OTCBB: STWG), (http://www.s2cglobal.com) designer and developer of the "S2C Aquaduct" commercial vending system that delivers pre-packaged, 5-gallon bottled water from the bottling plant to the consumer, announces the signing of a Letter of Intent with AVC Canada Corporation. This LOI will lay the groundwork for a formal Joint Venture Agreement regarding distribution and marketing of the Company's products in Angola, commencing with the capital city of Luanda.
It is anticipated that the formal agreement will be finalized before the end of 2007. The S2C/AVC Joint Venture anticipates a rather aggressive schedule to meet demand in Luanda by installing a total of 160 S2C Aquaducts in the city over a 24 month period, commencing in the 2nd quarter of 2008.
Luanda is the largest city in, and capital of, Angola which is geographically located in south western Africa. Luanda has a population of approximately 5.0 million. Angola, sub-Saharan Africa's second largest oil producer after Nigeria, is currently in the middle of a multibillion-dollar reconstruction boom fuelled by record high oil windfalls.
The Angolan Government has been developing several water projects countrywide with a view to securing potable water to every citizen in Luanda. "The goal is to make water available to every citizen as near as possible to their homes," stressed Rui Tito, Deputy Minister of Water and Energy, adding "that for the time being it is not possible to get drinking water in desired quantities all over the country."
Agua Cuilo Ltd., operated by AVC Canada, is Angola's largest bottled water facility consisting of a brand new 85,000 sq. ft. plant located in Luanda that will use the most advanced technology in the bottled water industry. AVC's plans include an initial fleet of 6 trucks outfitted with S2C's in-truck system, distributing 14,400 bottles of quality drinking water to a market of over 5 million people per day, with plans to expand to Angola's neighboring countries within the free trade market of the SADC region.
"We're extremely optimistic and excited about this joint venture and the ultimate launch of our product in Angola," says Rod Bartlett, President and CEO, S2C Global Systems, Inc. "AVC Canada has tremendous experience in developing and successfully operating bottled water businesses in Africa, and we look forward to a long, prosperous relationship."
"In Angola, affordable drinking water is not just a business venture, but a public health issue," states Afonso Vicente, President & Chairman of AVC Canada. "AVC takes its role as a humanitarian leader as seriously as its business and economic responsibilities, as such we are pleased to be involved with S2C Global Systems who shares our vision."
About AVC Canada Corporation
Founded in 2001, AVC Canada Corporation is a Canadian group of companies based in Calgary, Alberta. AVC is the right business partner for organizations looking to expand their market to include North and South America, Africa and beyond. Their commitment to their clients is second-to-none. As a central premise of social and economic life, they believe that it is important for all individuals & business entities to achieve financial security and stability. Guided by this principle, they are proud to deliver high profit investment growth to their investors and partners. This is the true merchandise AVC takes pleasure in delivering to their partners and creditors.
About S2C Global Systems
S2C Global Systems, Inc. designs and develops highly efficient automated distribution systems to move products directly from suppliers to consumers. Established in 2004, S2C Global (www.s2cglobal.com) has built the world's first commercial vending system that accepts back return containers. S2C's first system known as the "Aquaduct"(TM) delivers prepackaged 5-gallon bottled water from the bottling plant to the consumer. To find out more about S2C Global Systems, Inc. (OTCBB: STWG), visit our website at www.s2cglobal.com.
The foregoing news release includes numerous forward-looking statements concerning the company's business and future prospects and other similar statements that do not concern matters of historical fact. The federal securities laws provide a limited "safe harbor" for certain forward-looking statements. Forward-looking statements in this news release relating to product development, business prospects and development of a commercial market for technological advances are based on the company's current expectations. The company's current expectations are subject to all of the uncertainties and risks customarily associated with new business ventures including, but not limited to, market conditions, successful product development and acceptance, competition and overall economic conditions, as well as the risk of adverse regulatory actions. The company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements. The company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or for any other reason.
This press release is available on the S2C Global Systems IR HUB for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com/IR/s2cglobal. Alternatively, investors are asked to e-mail all questions and correspondence to STWG@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and correspondence directly.
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