QUEST WATER AND AQUATAP™ OASIS ANNOUNCE PARTNERSHIP WITH TRUST MERCHANT BANK AND LAUNCH OF NEW DISTRIBUTION-BASED BUSINESS MODEL

VANCOUVER, CANADA, November 17, 2022 (GLOBE NEWSWIRE) — QWEST OATER gLOCAL, ICN. (OTC Pink: QWTR) (“Quest” and/or the “Company”), an innovative water technology company and developer of the solar-powered AQUAtap water purification, desalination and distribution technology, today announced that the company’s joint venture in the Democratic Republic of Congo (the “DRC”), AQUAtap Oasis Partnership SARL (“AQUAtap Oasis”), has partnered with Trust Merchant Bank (TMB) in the DRC to launch a new economic model based on distribution.

AQUAtap Oasis is a pioneer in the digital distribution of drinking water. Following the successful launch of its AQUAtap Application, integrated with Pepele Mobile, TMB’s mobile banking platform, AQUAtap Oasis is pleased to announce a new step in its partnership. From now on, the AQUAtap The Oasis network of independent distributors, or resellers, can buy water from AQUAtap Oasis Community Water Centers directly from their cell phones. Trust Merchant Bank played an important role in launching the distributor-based business model, providing access to micro-finance and training for new distributors. This new model should enable AQUAtap Oasis to reach more customers. For more information on the new business model and the role of TMB, please watch the following video: https://bit.ly/3h3REZz

“Our strategic partnership with Trust Merchant Bankand implementing this new distribution-based business model, will enable us to reach – and change the lives of – more people,” said Dr. Jerome Kalonjico-founder and managing director of AQUAtap Oasis and President of Kalo Products SARL. “With the launch of this new business model, as well as the implementation of our AQUAtap App, we advance entrepreneurship, job creation, financial inclusion and women’s empowerment because many of our distributors are women.

AQUAtap Oasis has so far attracted more than a dozen men and women as independent distributors who will each purchase clean water in bulk from the AQUAtap Oasis Community Water Centers and resell it in their respective communities.

“Our AQUAtap Oasis Partnership is creating transformational change, and our new distribution-based business model launched in partnership with TMB is an example of how we can scale that change,” remarked John Balankoco-founder and managing director of AQUAtap Oasis and President and CEO of Quest. “Our partnership is facilitating a sustainable path to prosperity by providing access to clean water. This is the starting point to help build resilient communities.

AQUAtap Oasis is currently fundraising to further develop the company’s business model and scale it. The funds should enable AQUAtap Oasis reaches its goal of installing 500 AQUAtap Oasis Community Water Centers over the next five years as part of Phase 1 of the company’s impactful initiative, providing an affordable and reliable source of drinking water to more than 1.5 million underserved people.

About AQUAtap Oasis Partnership SARL

AQUAtap Oasis Partnership SARL is a strategic partnership between Quest Water Solutions, Inc. (Canada), a wholly owned subsidiary of the Company, Dikembe Mutombo’s American Venture Mergers & Acquisitions, LLC (UNITED STATES) and Kalo Products SARL (DRC). The Partnership uses a market-driven approach to drive global growth, dignity and potential while accelerating progress towards the global goal of equitable access to safe and affordable drinking water. The benefits derived from this holistic, inclusive and impactful approach create shared value for business and society.

About AQUAtap Oasis Community Centers

AQUAtap of the quest are self-contained, solar-powered, decentralized water purification and distribution systems. AQUAtap was designed primarily for use in rural or peri-urban areas where infrastructure is sparse or non-existent. AQUAtap is a cost-effective, sustainable and environmentally friendly turnkey solution that provides a safe, reliable and plentiful source of drinking water. Each unit is fully self-contained, powered by state-of-the-art photovoltaic panels. The energy-efficient AQUAtap is available in several configurations, depending on the application, water source and preferred delivery method. When used in conjunction with Quest’s inclusive Build-Own-Operate business model, as is currently the case in the DRC, the AQUAtap the systems are equipped with several cashless point-of-sale interface modules to enable the sale of clean water. Each AQUAtap converts contaminated fresh, brackish or sea water into clean, purified drinking water at a rate of up to 100,000 liters per day. The systems are both modular and scalable in design, easily allowing for increased water production, and are designed to operate in any environment and without any existing infrastructure. Housed in a custom modular enclosure, a single solar-powered AQUAtap is capable of producing drinking water for up to 5,000 people per day.

About World Water Quest, Inc.

Quest Water Global, Inc., is a socially responsible and innovative water solutions company. Our goal is to provide a reliable and affordable source of safe drinking water to underserved communities. The company’s exclusive solar-powered AQUAtap The community water purification and distribution system produces up to 100,000 liters of drinking water per day. To achieve its financial, social and environmental goals, Quest uses an inclusive and proprietary Build-Own-Operate business model that relies on strong multi-industry partnerships, operating globally and in local communities. For more information, visit our 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. The statements contained in this press release, which are not purely historical, are forward-looking statements. These statements are only predictions and involve known and unknown risks that may cause the actual results and the plans and objectives of the Company to differ materially from those expressed in the forward-looking statements, including: negative results of the operations of the Company ; 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; the 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 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 unforeseen events. New factors emerge from time to time, and it is not possible for management to predict all of these factors and to assess in advance the impact of these factors on the Company’s business or the extent to which a factor, or a combination of factors, could cause actual results to differ materially from those contained in any forward-looking statement. Readers should also refer to the information on risk factors and other information described in the periodic reports of the Company 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.sedar.com.

CONTACTS: John BalankoPresident and CEO
Quest Water Global, Inc.
+1 888 897 5536
[email protected]
www.questwaterglobal.com
Jacqueline McClureBusiness communication
Quest Water Global, Inc.
+1 604 565 1103
[email protected]
Source: Quest Water Global, Inc.

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Source: Quest Water Global, Inc.

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