Clarification Notice

CLARIFICATION

OARS/correctOARS

For the past two years, Aqua-Aid Inc. has been in dispute with its former distributors, Tower Chemicals Limited (now in liquidation) and its directors, in relation to its OARS branded product. The parties have now settled this dispute amicably.

Whilst correctOARS is no longer available for purchase, the parties wish to clarify the following:

(A) OARS was and never has been anything to do with correctOARS

(B) CorrectOARS was not an Aqua-Aid product and was never supplied by Aqua-Aid

(C) Tower Chemicals is no longer an OARS distributor and Tower Sports (Europe) Limited has never been an OARS distributor

(D) OARS was a different product to correctOARS; and

(E) Aqua-Aid and its distributors are fully entitled to incorporate the Milliken patented technology into OARS.

We apologise for any confusion which may have been caused.


David and Edward Goldstone
Former directors of Tower Chemicals Limited