IWG ANNOUNCES EFFECTIVE DATE OF REORGANIZATION AND LISTING OF IWG TECHNOLOGIES INC.

BURNABY, BC, May 13 /CNW/ - International Water-Guard Industries Inc. (the "Company") is pleased to announce the proposed effective date for its corporate reorganization.  As previously announced, the reorganization will be effected pursuant to a court-approved statutory plan of arrangement (the "Plan of Arrangement") which will result in the Company becoming a wholly-owned subsidiary of IWG Technologies Inc. ("IWG Technologies") and the current shareholders of the Company becoming shareholders of IWG Technologies.  The Plan of Arrangement was approved by the Company's shareholders at the annual and special meeting held on April 26, 2011 and received final approval of the British Columbia Supreme Court on May 6, 2011.

Effective at the open of markets on Monday, May 16, 2011, the common shares of IWG Technologies will be listed on the TSX Venture Exchange (the "TSX-V") and the common shares of the Company will be delisted.  The trading symbol for IWG Technologies' common shares on the TSX-V will be "IWG", the current trading symbol of the Company. The Company's shareholders will receive a letter of transmittal from Computershare Investor Services Inc., the Company's transfer agent, with instructions on how to exchange their common shares of the Company for common shares of IWG Technologies.

Further details regarding the reorganization can be found in the Company's news releases dated March 24, 2011 and April 27, 2011.

The Company is a Canadian aerospace company focusing on aircraft potable water treatment and full water system solutions. The Company has expertise in all aspects of water treatment, and has the products and know-how to provide high quality water for passengers and crew, and light weight, space saving solutions for the aircraft operator.

On behalf of the Board of Directors
International Water-Guard Industries Inc.

"David C. Fox"
President and CEO

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.  Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

TSX VENTURE: IWG

SOURCE International Water-Guard Industries Inc.

For further information:

        International Technologies Inc.
Unit One - 3771 North Fraser Way,
Burnaby, BC V5J 5G5 Canada
Tel: (604) 255-5555, 1-800-667-0331,
Fax: (604) 255-5685
www.water.aero
Investor Relations: The Howard Group Inc.
Bob Beaty / Grant Howard
Toll Free: 1-888-221-0915
Info@howardgroupinc.com
www.howardgroupinc.com

 

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International Water-Guard Industries Inc.

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