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Purio, Inc. (OTCBB: PURO) Closed at $0.10. Today announced that it is in the final stages of setting up its first commercial outlet in Southern California. The mandate of the division DBA UltraSafe Water Source(TM) is to serve the growing number of business offices that wish to eliminate bottled water, aim to cut costs, eliminate the 5-gallon bottles from their operations, and do so with nothing to buy.
Daryl English, President of Purio, says, "North America is in the infancy of a major paradigm shift in the way business offices supply purified drinking water to their staffs and clients. We see it as a major up-coming trend and we see ourselves in a great position to profit from it. Businesses are motivated in many ways to take action and upgrade their office water service from bottle-style dispensers to modern point-of-use (POU) water purifiers and totally do away with bottled water delivery. The first motivation is cost cutting and we can often cut the monthly water budget by over 25%. Second is the convenience factor; by eliminating the plastic 5-gallon bottles, offices free up precious floor and storage space, and eliminate the risk of employee injury caused by the lifting of the 45 pound back-breakers. Our POU purifiers not only offer a fresher tasting, better quality water, compared to bottles because it's not stored in plastic for weeks before consumption, but they also offer a greater production capacity so that businesses never more worry about running out of purified water. Couple that with the environmental care factor, whereby business can update their water service from the energy hungry, labor intensive and carbon producing delivery system of old fashioned bottles, and we are of the opinion that we are on the leading edge of a business boom."
Mr. English cited cities like San Francisco, Chicago and Vancouver, British Columbia as examples of municipalities that have banned the use of bottled water in their facilities due to concerns over its affect on the environment as well as concerns about possible health risks recently revealed from studies of chemicals leaching from water bottles into the drinking water.
What They Do: Purio owns proprietary water clarification technology suitable to a broad number of applications including the clarification of surface water, industrial process water and sewage. Purio intends to apply its technology initially to industrial and commercial applications to reclaim water and reduce the need for fresh water in such applications. Purio further intends to use its proprietary technology to produce potable water for commercial and residential use. Purio will commercialize its technology via a number of channels, namely licensing strategic partners to build and sell &/or operate units outside of North America, outright sale of their second generation (patent pending) units to end users and will build, own and operate on a fee for service basis their larger permanent installation units in North America.
How They Trade: PURO has a 52 week high of $0.89 and a 52 week low of $0.05.
The Board of Directors of Charlotte Russe (Nasdaq: CHIC) Closed at $8.15. Today confirmed that it received earlier today a proposal by KarpReilly Capital Partners LP (“KarpReilly”) and H.I.G. Capital, LLC to acquire all of the outstanding shares of the Company at a valuation range of between $9.00 and $9.50 per share.
What They Do: Charlotte Russe Holding, Inc. is a mall-based specialty retailer of fashionable, value-priced apparel and accessories targeting young women in their teens and twenties. As of September 27, 2008, the Company operated 487 stores in 45 states and Puerto Rico.
How They Trade: CHIC has a 52 week high of $20.61 and a 52 week low of $6.03.
Churchill Downs Incorporated (Nasdaq: CHDN) Closed at $30.44 and representatives of the Louisiana Horsemen’s Benevolent and Protective Association (“LAHBPA”) have come to an agreement on the distribution of live racing signals from Fair Grounds Race Course & Slots (“Fair Grounds”) to national advance-deposit wagering (“ADW”) platforms. The agreement covers the upcoming 2008-09 racing meet at Fair Grounds, which begins on Friday, Nov. 14.
“We are pleased to come to terms with our Louisiana horsemen on an agreement that will allow the Fair Grounds signal to be shared with national ADW outlets,” said Austin Miller, president of Fair Grounds. “We are delighted to have Fair Grounds racing available on TwinSpires.com and other online wagering platforms, and we hope our customers enjoy wagering on this excellent product.”
What They Do: Churchill Downs Incorporated (“Churchill Downs”), headquartered in Louisville, Ky., owns and operates world-renowned horse racing venues throughout the United States. Churchill Downs’ four racetracks in Florida, Illinois, Kentucky and Louisiana host many of North America’s most prestigious races, including the Kentucky Derby and Kentucky Oaks, Arlington Million, Princess Rooney Handicap and Louisiana Derby.
How They Trade: CHDN has a 52 week high of $57.55 and a 52 week low of $28.36.
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