AQLV - News Aqualiv Tech Aktie WKN: A1JKU7 | ISIN: US03841R1077 Symbol: I8S

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[b]AQLV - News Aqualiv Tech Aktie WKN: A1JKU7 | ISIN: US03841R1077 Symbol: I8S
Handelbar in Berlin und in USA
AquaLiv Technologies, Inc. Announces Acquisition of Verity Farms
Aqualiv Technologies, Inc. (QB) (USOTC:AQLV)
Intraday Stock Chart
Today : Thursday 10 January 2013
SEATTLE, Jan. 9, 2013 /PRNewswire/ -- AquaLiv Technologies, Inc. (OTCQB: AQLV), a life sciences research and development company, announced today the successful acquisition of Verity Farms ("Verity"), a Sioux Falls-based company committed to the sustainability of the "family farm" and a way of life for the American family farmer. Verity Farms, through sustainable "bio-diversity best practices" soil management programs, decrease chemical dependency and reduce the application of genetic engendered products and byproducts in food production. With the acquisition of Verity, AquaLiv is now a vertically integrated premium natural food producer and purveyor utilizing innovative and proven food production methodologies that enhance the overall health benefits in plants, animals and human beings while improving taste and fortifying essential nutrition value.
Under the terms of the Share Exchange Agreement, AquaLiv Technologies, Inc. has acquired 100% of the outstanding shares of Verity Farms, II, Inc. (which is the parent company of Verity Farms, LLC and various business units). The terms of the agreement have been filed in a Form 8-K with the Securities Exchange Commission and available for public review on January 8, 2013.
The Verity business greatly enhances the AquaLiv asset and customer base. The acquisition adds approximately $4,500,000 in total assets to the balance sheet, including inventory and $3,200,000 in real estate holdings consisting of three separate properties. Additionally, the Verity business is both seasoned and diverse with operations currently in seven (7) states with plans to continue an aggressive national expansion. Additional information on the Verity acquisition, its business, and the Company's future plans will be released over the coming weeks.
A key driving element of the acquisition is incorporating the experienced Verity management team into AquaLiv. The AquaLiv and Verity new President and CEO, Duane Spader, is a business veteran with a stellar track record of both consulting for companies and building companies. His lifetime work has been dedicated to helping the small business owner grow, sustain and thrive. Born and raised on a farm, Mr. Spader believes that an essential part in producing healthy food, both crops and livestock, is paying attention to the "life in the soil" where crops and feedstock for livestock are grown. Mr. Spader said, "Earthworm populations are nature's best indicator of health in soil. Not only is the final product healthier for the consumer, but the taste is much better than what the public has become accustomed to expecting."
Spader built a business consulting firm, Spader Business Management (), which has won awards in a number of industries

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