EXHIBIT 99.0
FarWest Group, Inc.
1665 East 18th Street, Suite 113
Tucson, Arizona 85719
Phone: ( 520) 740-1119; facsimile: (520) 740-1193
November 3, 2000
NEWS RELEASE
FOR IMMEDIATE RELEASE
Contacts: Dallas Talley, Chairman and President. Phone: (520)
740 1119, Fax (520)-740-1193; E-mail: [email protected]
FarWest Group, Inc. Appoints Dallas Talley as Chairman of The
Board
The FarWest Group, Inc. ("FWST") Board of Directors announced
today that Dallas Talley has been appointed Chairman of the
Board, in addition to his current position as President. Mr.
Talley is replacing Clark Vaught, the co-founder, Chairman and
CEO of FarWest Group, Inc. Mr. Vaught resigned from the
positions of Chairman, CEO and director to pursue other
opportunities.
Mr. Talley said, "FarWest Group, Inc. and its shareholders
appreciate the contribution Mr. Vaught made to the company and
look forward to his continued support as a major shareholder of
the company." Talley Added, "FarWest Group, Inc. is in
negotiations to add a team of senior management executives as
part of a proposed equity transaction."
FarWest Group, Inc., is the licensee of Lawrence Livermore
National Laboratory's patented Capacitive Deionization
Technology. FarWest develops, manufacturers and markets this
technology for water purification applications, including:
desalination and brackish water filtration, boiler water
polishing, pure/ultra pure systems for electronic, medical and
food production as well as ground water remediation;
additionally, the technology can be used in the removal of
nuclear elements.
FarWest Group (FWST), in response to comments from the Securities
and Exchange Commission (SEC) staff, is completing its third
amendment to its Form 10SB for filing in November. Upon
completion of the SEC Review of the Form 10SB, the company will
be qualified to regain trading capability on the Over The Counter
Bulletin Board (OTC-BB).
This press release contains forward-looking information within
the meaning of Section 29A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Forward-
looking statements include statements concerning plans,
objectives, goals, strategies, future events of performances and
underlying assumptions and other statements, which are other than
statements of historical facts. Certain statements contained
herein are forward-looking statements and accordingly involve
risks and uncertainties, which could cause actual results, or
outcomes to differ materially from those expressed in the
forward-looking statements. The company s expectations, beliefs
and projections are expressed in good faith and are believed by
the Company, to have reasonable basis, including without
limitations, management s examination of historical operating
trends, data contained in the Company s records and other data
available from third parties, but there can be no assurance that
management s expectations, beliefs and projections will result,
or be achieved, or accomplished.
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