Thursday, 24 March 2011

IWG Remoulds Itself For Growth


International Water-Guard (TSX-V: IWG)
Basic Shares: 38.1 million
Fully Diluted: 45.6million


************************************
International Water Guard (IWG) announced today that it will be applying to restructure itself.

When investors read announcements like this, suspicions are always raised.

However, management unequivocally stated that restructuring is being proposed in order to facilitate strategic growth.

For over one year, company executives have been aggressively working on a mergers & acquisition program.

While nothing has been announced yet, investors can take today's restructuring proposal as a major signal that management expects good things to come from all of their behind-closed-doors work.

IWG President and CEO, David Fox, couldn't have been clearer about the significance of the restructuring plan when he said it is, "an important step in building our future."

Under the restructuring proposition, IWG could become a wholly-owned private subsidiary of a new public holding company called, IWG Technologies Inc.

If approved through a pending court application - and ultimately by shareholders at IWG's scheduled annual meeting on April 26th - all IWG shareholders would have their holdings transferred on an equal basis in the new company.

Critically, the new company will have the same share structure and same number and class of outstanding securities as IWG currently has.

"This transaction will be transparent to current shareholders, who will end up with exactly the same position in IWG Technologies as they had in International Water Guard," Mr. Fox added.

To see the full news release, please click here.