QualityStocks.net News – BioShaft Water Technology Inc. (BSHF.OB) Sets Stakes in Qatar through Strategic Agreement

We would like to highlight BioShaft Water Technology Inc. (OTCBB: BSHF). The company is an innovative wastewater treatment technology based on Bio-Filtration utilizing sludge carriers. It is patented in the United Kingdom and the patent is pending in the United States. The plants have many benefits over traditional waste water treatment systems -- almost no odor -- the plants are considered odorless; the system virtually eliminates sludge, the system has much lower energy consumption, and less significant land requirements.

In the company’s recent news,

BioShaft Water Technology Inc. announced it has secured an agreement with Al Tawfeeq, a wholly-owned subsidiary of Qatar-based Al Hashemi Group. Per the agreement, Al Tawfeeq will provide BioShaft with a local contact, which will familiarize the company with the opportunities for wastewater treatment plants in Qatar. Al Tawfeeq will assist BioShaft with the submission of tenders, strategies on participation, and assistance with staffing in Qatar’s market. Al Tawfeeq’s networking will help the company secure its business operations in Qatar state.

“This agreement with Al Tawfeeq gives us a local presence in Qatar with a well established company. They will assist us with potential bid opportunities and work with BioShaft to establish a presence in the region so that we can build our business in Qatar,” Dr. Hans Badreddine, CEO of BioShaft stated in the press release.

In addition, Al Tawfeeq will assist in plant and material importation, material sourcing and the selection of subcontractors, such as Al Hashemi, a leading contracting company specializing in construction activities, oil and gas services, infrastructure and utilities based construction. The company has contributed to more than 18 sewage treatment projects ranging in size from US $3 million up to US $30 million, generating about US $500 million in annual revenues.

“We live in one of the driest region of the world where water is a very valuable resource. Our association with professional and efficient water recycling systems such as the one produced by BioShaft will particularly contribute to the protection of this valuable resource and generally enhance the environmental protection endeavor; an aim which is globally pursued,” Ahmad Al Hashemi, president of Al Hashemi Group stated.

About QualityStocks

QualityStocks.net, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks.net is dedicated to assisting emerging public companies with their advertising efforts and now has over 500,000+ subscribers that receive The Daily Stock Newsletters.

To sign up for “The QualityStocks Daily Newsletter” please visit http://www.qualitystocks.net/

Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net 

Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.