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Message: Shares for Debt Exchange Offer
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TORONTO, ONTARIO - November 14, 2012 - Pure Energy Visions Corporation (TSX Venture Exchange: PEV) ("Pure Energy" or the "Company") today announced it will be offering a "share for debt" exchange (the "Offer") to the holders of convertible debentures issued by the Company aggregating approximately $2,461,736 in debt. The share for debt exchange shall be at a price per share of $0.10.
The holders of the convertible debentures shall have until 5:00 p.m. (E.S.T.) November 30, 2012 to accept the Offer.
The Offer is subject to acceptance of the Offer by the TSX Venture Exchange.
About Pure Energy Visions Corporation
Pure Energy Visions Corporation is an investment holding company with its principal investment in Pure Energy Solutions, Inc. On July 18th, 2011, the Company announced the signing of an equity joint venture agreement with Linyi City Huatai Battery Industrial Corp.
About Linyi City Huatai Battery Co., Ltd.
Established in 1998, Huatai is one of the leading battery manufacturers in China. The company employs over 2,000 people and owns 41 production lines with annual output of approximately 2.5 billion batteries. Huatai products including single-use alkaline, zinc carbon and zinc chloride batteries are sold in over 60 countries including throughout Europe, North America, Africa, and The Middle East. Huatai is located 800 km from Bejing, in Tangtou Town, Linyi City, Shangdong province.
About PureEnergy Solutions, Inc.
PureEnergy Solutions, Inc. is a Boulder, CO-based company that is revolutionizing power delivery to portable electronic devices through its branded WildCharge(TM) wire-free power technology and its environmentally responsible rechargeable battery products sold under private label and under the PureEnergy(TM) brand. PureEnergy Solutions is the first company to offer commercially available wire-free charging technology that works with multiple devices across multiple brands. It is the only battery company in North America to receive the EcoLogo certification for its leadership in battery design. Through its Technology Licensing Program and Mark of Interoperability, PureEnergy Solutions allows licensing partners the ability to create and manufacture products that integrate highly efficient, wire-free, technology into their products and bring those products to market very quickly. PureEnergy Solutions enjoys a growing network of licensing partners and distributors and its products are sold in over 12 countries. For more information on PureEnergy Solutions products and licensing capabilities, go to www.pureenergy.com or for more information on investment opportunities with Pure Energy Visions Corporation, go to www.pureenergybattery.com.
This news release contains forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially due to a number of factors, including those discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulators, the parties' ability to complete the transactions as contemplated by the letter of intent and the anticipated benefits of the transaction. All forward-looking statements made in this news release are made as of the date hereof and we do not undertake any duty to update any forward-looking statements herein.
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release, and does not accept responsibility for the adequacy nor accuracy of this information.
Pure Energy Visions Corporation Contact:
Paul W. Simmonds
647 400 0125
pwsimmonds@pevi.ca
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