Press Release Source: Universal Communication Systems, Inc.
Universal Communication Systems Inc. and Air Water Corporation Agree to Settlement of Claims and All Litigation against Electric Gas Technologies Inc. and Atmospheric Water Technologies Inc.
Wednesday November 24, 10:00 am ET
Company Receives Formal Apology
MIAMI--(BUSINESS WIRE)--Nov. 24, 2004--Universal Communication Systems Inc. (OTCBB:UCSY - News) Company chairman and CEO, Michael Zwebner announced today that the company has reached a settlement of all claims in the litigation against Dan Zimmerman, Electric Gas Technologies, Inc. (OTCBB:ELGT - News) and Atmospheric Water Technologies Inc.
The following is a reprint of the formal apology announcement as issued by the directors and officers of Electric Gas Technologies, Inc. and Atmospheric Water Technologies Inc. today:
"The directors and officers of Electric & Gas Technologies Inc.
and Atmospheric Water Technologies, Inc. apologize for our
negative press release last year to all of the directors, officers
and shareholders of Universal Communication Systems Inc. and Air
Water Corporation," said Electric & Gas Technologies, Inc.'s
president, Dan Zimmerman. "Our negative statements about the
people in these companies were unprofessional, uncalled for, and
we regret having made them."
"We also extend a personal apology to Michael Zwebner, the CEO of
Universal Communication Systems Inc. Mr. Zwebner is an
accomplished and effective business leader, and our negative,
regrettable press release was an inappropriate response to the
appearance of a formidable business competitor in the
water-from-air machine industry. Water-from-air machines may one
day solve many regions' severe water supply problems, and Michael
Zwebner is responsible for the successful and rapid growth of UCSY
and Air Water Corporation's manufacturing and distribution of
water-from-air machines world-wide."
Further details relating to the terms of settlement will be announced in due course.
Michael Zwebner went on to state: "We are pleased to now have settled this case. The outcome has not only vindicated our position, but allows us to move forward in the water-from-air machines market with new additional strength and confidence. Our company is now positioned to become the world leader in the water-from-air machines industry. Further details relating to the terms of settlement will be announced in due course."
About Air Water Corporation
For further detailed information on the company, please visit the official web address at: www.airwatercorp.com
About Universal Communication Systems, Inc.
For further detailed information on the company, please visit the official web address at: www.ucsy.com
Safe Harbor:
Universal Communication Systems Inc. and Air Water Corporation Agree to Settlement of Claims and All Litigation against Electric Gas Technologies Inc. and Atmospheric Water Technologies Inc.
Wednesday November 24, 10:00 am ET
Company Receives Formal Apology
MIAMI--(BUSINESS WIRE)--Nov. 24, 2004--Universal Communication Systems Inc. (OTCBB:UCSY - News) Company chairman and CEO, Michael Zwebner announced today that the company has reached a settlement of all claims in the litigation against Dan Zimmerman, Electric Gas Technologies, Inc. (OTCBB:ELGT - News) and Atmospheric Water Technologies Inc.
The following is a reprint of the formal apology announcement as issued by the directors and officers of Electric Gas Technologies, Inc. and Atmospheric Water Technologies Inc. today:
"The directors and officers of Electric & Gas Technologies Inc.
and Atmospheric Water Technologies, Inc. apologize for our
negative press release last year to all of the directors, officers
and shareholders of Universal Communication Systems Inc. and Air
Water Corporation," said Electric & Gas Technologies, Inc.'s
president, Dan Zimmerman. "Our negative statements about the
people in these companies were unprofessional, uncalled for, and
we regret having made them."
"We also extend a personal apology to Michael Zwebner, the CEO of
Universal Communication Systems Inc. Mr. Zwebner is an
accomplished and effective business leader, and our negative,
regrettable press release was an inappropriate response to the
appearance of a formidable business competitor in the
water-from-air machine industry. Water-from-air machines may one
day solve many regions' severe water supply problems, and Michael
Zwebner is responsible for the successful and rapid growth of UCSY
and Air Water Corporation's manufacturing and distribution of
water-from-air machines world-wide."
Further details relating to the terms of settlement will be announced in due course.
Michael Zwebner went on to state: "We are pleased to now have settled this case. The outcome has not only vindicated our position, but allows us to move forward in the water-from-air machines market with new additional strength and confidence. Our company is now positioned to become the world leader in the water-from-air machines industry. Further details relating to the terms of settlement will be announced in due course."
About Air Water Corporation
For further detailed information on the company, please visit the official web address at: www.airwatercorp.com
About Universal Communication Systems, Inc.
For further detailed information on the company, please visit the official web address at: www.ucsy.com
Safe Harbor:
spielgeld. ;O) 
