AQA Aquacell Technologies

AquaCell Technologies, Inc. (AMEX:AQA) announced today that it has filed a Form 10 Registration Statement with the Securities and Exchange Commission (SEC) on behalf of its Aquacell Water, Inc. subsidiary, to allow it to become a publicly traded company. AquaCell Technologies has two operating subsidiaries, Aquacell Water, which markets and manufactures various water filtration and purification products for municipal, industrial and commercial use, and AquaCell Media, which sells advertising on its patented self-filling water coolers installed in retail locations. We anticipate setting a record date for the distribution of Aquacell Water's stock near the end of the SEC review process. Record holders as of the payment date will receive one share of common stock in Aquacell Water, Inc. for every share of common stock held in AquaCell Technologies, Inc. Mr. James C. Witham, Chief Executive Officer of AquaCell Technologies, Inc., stated, "We believe that a separation of the Aquacell Water subsidiary would provide both companies with the opportunity to focus exclusively on their respective businesses and their unique opportunities, as well as enable each company to enhance its strategic, financial and operational flexibility." Mr. Witham continued, "We anticipate hiring additional key personnel in Aquacell Water to augment its penetration into the rapidly expanding water industry." About AquaCell Technologies: AquaCell, based in Rancho Cucamonga, Calif., through its Aquacell Water, Inc. subsidiary, manufactures products for water filtration and purification. Its products address various water treatment applications for municipal, industrial, commercial and institutional applications. These applications range from providing purified drinking water to processing water for industrial and commercial manufacturing. Through its AquaCell Media, Inc. operating subsidiary, the Company installs its patented self-filling Aquacell 1000 Bottled Water Cooler Systems free of charge into various locations, including retail establishments. AquaCell Media retains ownership of the coolers, and revenue is generated through the sale of targeted advertising on the band of the cooler's permanently attached five-gallon bottle of products and/or services pertinent to the location, similar to the concept of billboard advertising. Safe Harbor. Statement Under the Private Securities Litigation Reform Act of 1995. Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Forward-looking statements include, but are not limited to, statements about: our ability to continue relationships with customers; our ability to offer our products at competitive prices; our ability to maintain our listing on the American Stock Exchange; and our ability to use the most current technology for our products.