SILVERDALE, Wash., Sept. 16, 2011 /PRNewswire/ -- Infrared Systems International (OTCBB: IFRS) announced it has changed its name to AquaLiv Technologies, Inc. in order to better reflect its new corporate strategy. Along with the name change the company has been issued a new symbol by FINRA of AQLV. The name and symbol change become effective at the open of business on Monday, September 19, 2011.
The announcement comes just after the recent distribution of all assets of subsidiary Infrared Applications, Inc., a company holding patents based on infrared technology applications.
"To borrow a quote from Van Gogh, 'Great things are not done by impulse, but by a series of small things brought together'," stated Bill Wright, CEO of AquaLiv Technologies, Inc. "These latest achievements are simply the next steps in our pursuit of a unified vision, strategy, and goals for the company."
According to Infrared Systems International, the name change is to provide greater transparency of its focus on subsidiary AquaLiv, Inc., a life sciences research and development company.
"AquaLiv's technology represents the future of several industries and will be incredibly disruptive in the marketplace," added Mr. Wright. "With us, AquaLiv's options to properly fund its initiatives while remaining safe from any buyouts or takeovers are greatly increased. While Craig Hoffman and his team remain focused on their business objectives, we will continue to raise the awareness and the capital necessary to take these solutions global."
"For us it is the best of both worlds," stated AquaLiv, Inc. CEO, Craig Hoffman. "We remain partially private and protect ourselves from takeover, but at the same time provide an opportunity for the public to participate in something we believe is going to be a revolution in science and industry."
Earlier this year, AquaLiv released its first agriculture product, AgSmart(TM) Rice. The product increases yields in rice crops an average of 30% and is compatible with all existing agriculture technologies, including organic growing standards. The company also introduced a drug-free HIV/AIDS treatment that is beginning clinical trials in Kenya shortly. The treatment outperforms existing antiretroviral drug treatments, but has none of the harsh side effects and can be manufactured at a significantly lower cost.
For more information about AquaLiv Technologies, Inc., visit their new website: http://www.aqualivtech.com
For more information about AquaLiv, visit their website: http://www.aqualiv.net
About AquaLiv Technologies, Inc.:
AquaLiv Technologies, Inc., through its subsidiaries, offers unique solutions and applications for a variety of industries and emerging technologies.
AquaLiv, Inc. is a life sciences research and development company creating novel products for numerous industries. The company's patented technology alters the behavior of organisms, including plants and humans, without chemical interaction. From increased crop yields to drug-free medicine, AquaLiv is providing innovative, ingredient-free solutions to the world's largest problems. To learn more about AquaLiv, please visit: www.aqualiv.net.
Focus Systems, Inc. is a service orientated, desktop virtualization, and VoIP information technology provider. Focus Systems' service essentially eliminates the need for their customers to buy, deploy, and maintain IT infrastructure. The move to cloud computing lowers customers' total cost of ownership by shifting critical systems to Focus -- including servers, backup, software, operating systems, updates, power, cooling, facility space, and internal staffing requirements. For more information, please visit: www.focus-sys.com.
Safe Harbor: Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
AquaLiv Technologies, Inc.
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