VANCOUVER, CANADA, Dec. 12, 2023 (GLOBE NEWSWIRE) -- QUEST WATER GLOBAL, INC. (OTC Pink: QWTR) ("Quest" and/or the "Company"), provides the following corporate update.
The Company, along with its partnership in the Democratic Republic of Congo (“DRC”), AQUAtapTM Oasis Partnership SARL (“AQUAtapTM Oasis”), is proud to announce the one-year anniversary of the launch of its AQUAtapTM Basketball Academy in the DRC. AQUAtapTM Oasis has been instrumental in creating positive socioeconomic impact in the DRC, particularly in building resilient, self-sufficient communities and supporting youth development.
Since its launch in October 2022, the AQUAtapTM Basketball Academy has been instrumental in supporting girls and boys aged 6 – 18. In particular, the under 17-year-old girls’ and boys’ teams have played in competitive tournaments in the capital city of Kinshasa and have performed well beyond expectations. The AQUAtapTM Basketball Academy is managed and coached, on a volunteer basis, by several professional coaches from the DRC Men’s National Basketball Team.
AQUAtapTM Oasis serves as a shining example of how businesses can make a meaningful difference in the world. Quest is proud to be a part of this partnership and is dedicated to creating positive change in the communities it serves.
The Company is also pleased to announce that it has entered into a strategic business relationship with Lynk Global, Inc. (“LGI”), a global satellite direct-to-mobile service provider. LGI is developing a robust satellite-to-mobile-phone satellite constellation that endeavours to provide a "cell tower in space" capability for global mobile phone service coverage.
Lynk’s technology allows standard cell phones to be connected everywhere, seamlessly shifting from a terrestrial tower to a satellite overhead. Lynk’s satellites are already providing coverage in the DRC along with several other geographic regions in which Quest intends to commence operations, including Kenya and the South Pacific Island Nation of Kiribati.
Quest’s AQUAtapTM technology provides clean drinking water to rural communities by allowing the purchase of water through its online mobile payment application that requires mobile connectivity for processing the payment. This venture will expand access to clean water to under-resourced markets on a global scale utilizing Lynk’s satellite-to-mobile-phone network.
"This collaboration aims to expand access to affordable, clean water in rural areas, and is a significant step towards achieving the United Nations’ Sustainable Development Goals of providing clean water for all”, stated Isaac Kalonji Jr. III, Managing Director of AQUAtapTM Oasis. “Lynk Global’s innovative technology and commitment to social responsibility make it a leader in the telecommunications industry. This venture is a testament to the power of technology and innovation in addressing global challenges. Together we can make a positive impact on the lives of people in rural communities by fulfilling a basic human need – clean water."
About Quest Water Global, Inc.
Quest Water Global, Inc., is a socially responsible, innovative water solutions company. The Company’s goal is to provide a permanent, abundant, affordable, and sustainable source of drinking water to underserved communities. To achieve its financial, social, and environmental goals, Quest utilizes an inclusive, market-driven Build-Own-Operate business model. For more information, visit the Company’s website at www.questwaterglobal.com.
Notice Regarding Forward Looking Statements
This press release contains forward-looking statements, as that term is defined under applicable securities laws. Statements in this press release, which are not purely historical, are forward-looking statements. These statements are only predictions and involve known and unknown risks which may cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking statements, including: negative results from the Company's operations; the effects of government regulation on the Company's business; risks associated with the Company's ability to obtain and protect rights to its intellectual property; risks and uncertainties associated with the Company's ability to raise additional capital; loss of management; and other factors beyond the Company's control. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity or performance. Further, any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by applicable law, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for management to predict all such factors and to assess in advance the impact of such factors on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement. Readers should also refer to the risk factor disclosures and other disclosures outlined in the Company's periodic reports filed from time-to-time with the Securities and Exchange Commission on EDGAR at www.sec.gov and with the British Columbia Securities Commission on SEDAR+ at www.sedarplus.ca.
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