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TWST: Please begin with a brief historical sketch of the company and a picture
of the things you're doing at the present time.
Mr. Halldorson: The company is a small public company in Canada that was
incorporated out in Kelowna, British Columbia. The original intent was to come
up with a process for treating leachate from landfill sites. After the original
pilot was built, the founders of Aqua-Pure came to Colt Engineering for help to
get the process to work. Colt Engineering is where my background is. We, at
Colt, were able to improve the technology and get a patent on it for Aqua Pure.
Then, because Colt's background was in the oil and gas business, we helped Aqua-
Pure focus on the oil and gas industry because we felt the technology was
probably more appropriate for that industry. Shortly after I retired from Colt,
I joined Aqua Pure as CEO. That was the background. About four-and-a-half years
ago now, a company in Texas approached us to see if we could build mobile
evaporators. We had already built four that are in various locations in Canada,
but we were looking for a new market. Delzon Ellenburg from a company called
Fountain Quail Water Management approached us to see if we could build mobile
evaporators for the Barnett Shale in Texas. We evaluated that market and
designed a mobile unit to reclaim produced salt water. We delivered the first
one down there about three years ago and have been very successful. We now have
nine units operating in Texas and we like the business that Delzon had where he
was charging the customer on a per barrel basis for cleaning up their produced
water and supplying them fresh water. We bought that company and it's now a
wholly owned subsidiary of Aqua-Pure. That's the background.
Tickers included in this excerpt: AQE:TSX.V
For more information call (212) 952 7433. The
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