Last $0.0009 USD
Change Today -0.0003 / -25.00%
Volume 78.4M
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As of 8:10 PM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

puresafe water systems inc (PSWS) Snapshot

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08/13/13 - $0.02
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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) line of mobile water decontamination and purification systems that purify various type of raw water source or decontaminate contaminated water without prior knowledge of the contaminants. It serves end users 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 and Chief Executive Officer
Total Annual Compensation: $210.0K
Independent Consultant
Total Annual Compensation: $208.6K
Compensation as of Fiscal Year 2012.

puresafe water systems inc (PSWS) Key Developments

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.

PureSafe Water Systems, Inc. Announces Resignation of Directors

PureSafe Water Systems, Inc. announced that effective March 7, 2014, Theresa Bischoff resigned as a director of the company for personal reasons, advising the company that due to her other commitments she was unable to devote the time required to Puresafe. Dr. Stephen E. Flynn resigned as a director of the company for personal reasons advising that the efforts that are underway to restructure the company and secure financing require a significant commitment of his time that his other substantial professional responsibilities and obligations preclude him from accepting and continuing as a director.


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