Bravo cancels 120,000,000 restricted shares from the issued stock of the company
Bravo Enterprises Ltd. reported that, based on recent and ongoing consumer opinion, it has decided to economize its water production and sales price on its commercial and industrial units by introducing the AquaCube 1000. This product is an economical solution to consumer water needs in urban and rural areas. Its water production capacity of 125 gal per day allows for single-family usage for drinking, washing, cleaning and bathing.
Due to Bravo going in a different direction with the more economical and versatile machines being manufactured as the AquaPhere 110, AquaPhere 220 and AquaCube 1000, Bravo will be cancelling, by mutual consent, the 120,000,000 restricted common shares issued to Water For The World Mfg. Inc., pursuant to its 2012 agreement for a patented technology that will no longer be used.
After the cancellation of the 120,000,000 restricted common shares, the issued and outstanding shares of Bravo will be 32,513,530 common shares. Bravo management views this latest development as a positive step for the company.
The company continues to focus its efforts on the next generation AquaPhere 110 and AquaPhere 220 machines, which are air to water with hose-in capabilities. This means that the AquaPhere machines can act as filtration systems for tap water or rainwater, which can then be dispensed to the end user like a cooler with hot and cold water. The machines also act as dehumidifiers and air cleaners. These machines are expected to be sold through Bravo's distribution channels.
Furthermore, the AquaPhere machines can be used year round when the relative humidity is not at its optimum for the atmospheric generation aspect of the machine's operation.