SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): November 10, 1998
Aqua Alliance Inc.
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(Exact Name of Registrant as Specified in Charter)
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Delaware 033-017921 13-3418759
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
30 Harvard Mill Square, Wakefield, Massachusetts 01880
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (781) 246-5200
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events
Aqua Alliance Inc. (the "Company") (AMEX: AAI) has concluded the sale
of the Flex-Kleen Corporation to Met-Pro Corporation (NYSE: MPR) pursuant
to an Asset Sale Agreement, dated as of October 29, 1998, between the two
parties. (The Company had earlier announced the execution of a Letter of
Intent between the parties regarding the sale of Flex-Kleen Corporation.)
Flex-Kleen Corporation is a leading supplier of dry particulate collectors
that are used primarily in the process of manufacturing food products and
pharmaceuticals. This was a cash transaction for approximately $15,000,000.
Outside of this transaction there are no direct or indirect relationships
between Met-Pro Corporation and the Company.
The Company provides a comprehensive range of services and
technologies for the operation, maintenance and management of water and
wastewater systems; engineering, design, and construction of water and
wastewater facilities; and the remediation of contaminated soil.
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
AQUA ALLIANCE INC.
By: /s/ Alain Brunais
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Name: Alain Brunais
Title: Senior Vice President and
Chief Financial Officer
Date: November 10, 1998
