Water Ways Technologies Inc V.WWT

RE:Water Ways' Uzbekistan Project Backlog Increases

[Possibleidiot01]

Focus on "Irrevocable Letters of Credit."

Irrevocable letters of credit cannot be changed or canceled without the permission of everybody involved (the buyer, the seller, and any banks involved), thus minimizing the risks that all parties take in the transaction.

This is an attempt to reassure investors the comppany is able to protect themselves from country risk , as in business in Uzbekistan for example.

What is Country Risk?

Country risk refers to the uncertainty associated with investing in a particular country, and more specifically the degree to which that uncertainty could lead to losses for investors. This uncertainty can come from any number of factors including political, economic, exchange-rate, or technological influences. In particular, country risk denotes the risk that a foreign government will default on its bonds or other financial commitments increasing transfer risk. In a broader sense, country risk is the degree to which political and economic unrest affect the securities of issuers doing business in a particular country.