PURE ENERGY VISIONS TO ACQUIRE 100% OF PURE ENERGY SOLUTIONS THROUGH SHARE EXCHANGE MERGER
Pure Energy Visions Corp. has entered into an agreement with Pure EnergySolutions, Inc. of Boulder, Colo., to acquire all of the issued andoutstanding shares, warrants and convertible debentures of PES which thecorporation and its 94.5-per-cent-owned owned subsidiary, Pure EnergyVisions Inc., do not own through a share exchange merger . PES'sissued and outstanding shares, warrants and convertible debenturesconsist of 3,959,095 shares of Common Stock (1,929,191 of which areowned by PEV), 12,896,766 shares of Series A-1 Preferred Stock(6,227,145 of which are owned by PEV), 5,333,309 Series B PreferredStock (none of which are owned by PEV), 100 shares of Non-Voting SeriesB-2 Preferred Stock (all of which are owned by PEV), 2,622,507 warrantsto purchase common shares (2,550,182 of which are owned by PEV),1,034,902 warrants to purchase Series A-1 Preferred Stock (517,451 ofwhich are owned by PEV), 2,666,646 warrants to purchase Series BPreferred Stock (none of which are owned by PEV) and up to US$6,055,427principal amount of convertible debentures (US$1,000,000 principalamount of which are owned by PEV).