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As of 8:10 PM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).

puresafe water systems inc (PSWS) Snapshot

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03/3/14 - $0.0049
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01/27/15 - $0.0001
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puresafe water systems inc (PSWS) Details

PureSafe Water Systems, Inc. engages in the design, development, manufacture, and marketing of a patented line of water purification systems in the United States. The company offers PureSafe First Response Water System (PureSafe FRWS) that purifies various types of raw water source or decontaminates any contaminated water, including seawater for emergency water supply production at a first response emergency site. The PureSafe FRWS utilizes patent pending technology, which consists of a water extraction boom that extracts water from the ocean, streams, ponds, pools of floodwater, or a failed municipal distribution system. It serves end users in various treatment segments, including municipal treatment, quasi-municipal treatment, and industrial treatment. The company was formerly known as Water Chef, Inc. and changed its name to PureSafe Water Systems, Inc. in 2008. PureSafe Water Systems, Inc. is headquartered in Plainview, New York.

puresafe water systems inc (PSWS) Top Compensated Officers

Chairman, Chief Executive Officer and Princip...
Total Annual Compensation: $180.0K
Independent Consultant
Total Annual Compensation: $145.4K
Compensation as of Fiscal Year 2013.

puresafe water systems inc (PSWS) Key Developments

PureSafe Water Systems, Inc. Appoints Yves R. Michel as Global Sales & Marketing Director

PureSafe Water Systems, Inc. announced the appointment of Yves R. Michel, to the newly created position of Director of Global Sales & Marketing. Yves will be responsible for, but not limited to, the development and execution of all sales, marketing and global distribution efforts, associated joint venture agreements, grant applications as well as regular interactions with the engineering and operations groups, all in an effort to have the PureSafe product line address the global challenges associated with clean water. Yves was the former Commissioner of Economic Development and Workforce Housing for the County of Suffolk, New York.

Puresafe Water Systems, Inc. Adopts Revised By-Laws

PureSafe Water Systems, Inc. announced On June 13, 2014, pursuant to powers vested in them in the By-Laws and under the Delaware General Corporation Law, the Board of Directors adopted revised By-Laws for the governance of the Company.

PureSafe Water Systems, Inc. Announces Management Changes

On April 2, 2014, Board of Directors of PureSafe Water Systems, Inc. elected Stephen M. Hicks to the company’s Board of Directors, to fill a vacancy on the Board, and as President of the Company. Mr. Hicks is the Chief Executive Officer of Southridge LLC. Board also on the same date elected Gilbert Steedley as a director of the Company, to fill a vacancy on the Board of Directors, and elected Henry Sargent as Vice President and Secretary of the Company. Mr. Sargent is the Chief Operating Officer and General Counsel of Southridge. Stephen M. Hicks, age 54, is the Chief Executive Officer and founding principal of Southridge LLC. Mr. Hicks sets the overall strategic direction for the Southridge group of companies, and is responsible for business development and execution. Mr. Hicks founded Southridge in 1996. Active in the investment industry for over 25 years, Mr. Hicks has broad experience in financial structuring, derivatives, risk arbitrage, and investment banking. Gilbert Steedley, age 48, is currently and since June 21, 2013, has been the interim Chief Executive Officer and a director of AccelPath, New York, New York. He is the founder of INU, which provides small cap public/private companies with capital market intelligence. Henry Sargent, JD, CFA, age 47, is Southridge's Chief Operating Officer and General Counsel. His responsibilities include investment selection, deal structuring and monitoring, workouts, and reorganization. Prior to joining Southridge in 1998, Mr. Sargent spent several years at a New York-based corporate and securities law firm, specializing in private placements, venture capital financing, and corporate reorganizations.


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