Malwin Ventures Incorporated Obtains Canadian Rights to Wizard Water Saver
TILLAMAOOK, OREGON--(Marketwire - Sept. 9, 2009) - Malwin Ventures Incorporated (OTCBB:MLWN) is pleased to announce that it has reached an agreement with Water Savers Foundation of Minnesota (WSF) to obtain the exclusive rights to market and or distribute the "Wizard Water Saver" in Canada. WSF will supply Malwin with complete distribution support to effectively market the Wizard in Canada. The deal included a one time payment of $25,000 to secure the rights from WSF. Malwin also has the first right of refusal for additional capital funding of any territories in the United States, in amounts exceeding $50,000.
The Wizard Water Saver is an easy to install one step converter for a toilet that saves 33% to 52% of the water wasted after each flush. The kit will be sold to the mass market through hardware stores, big box stores and through online channels. The kit is priced at $14.95. It is designed as an inexpensive, durable and therefore long lasting kit that can cut the average water bill up to $240.00 per year.
About Malwin Ventures Incorporated: Malwin is an Oregon based company that is actively evaluating "green" projects. More information about the company is available at www.malwinventures.com.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. We do not intend to, and undertake no duty to, update any such forward looking statements to reflect the impact of circumstances or events that arise after the date such forward looking statements were made.
