VANCOUVER, British Columbia, July 09, 2018 (GLOBE NEWSWIRE) -- Sharc International Systems
Inc. (CSE:SHRC) (FSE:IWIA) (OTCQB:INTWF) ("SHARC" or "the Company") is pleased to announce that the
Company’s revolutionary SHARC™ wastewater heat exchange system has won three top awards at the prestigious Water’s Next Award
program that honours the achievements of individuals and companies that successfully improve freshwater in Canada.
Every year, Water Canada magazine’s Water’s Next Award program honours the incredible achievements and ideas of
individuals and companies that successfully work to make a positive change to water in our country and abroad. There were a total
of 13 categories and SHARC was nominated in 4 categories and won in 3 of those categories, People – Private Sector (Winner),
Projects & Technologies – Wastewater (Winner), Overall – Water Steward of the Year and Overall – Company of the Year (Winner).
Established in 2011, Water’s Next is nominated by its peers in the water industry in Canada and voted upon
through a selection committee who are experts within their fields in global water issues. To read up on the selection committee,
information is available at 2018 Water’s Next Selection Committee.
Lynn Mueller, Chief Executive Officer of SHARC stated, “We are delighted to have picked up these awards against
such tough competition from all over Canada. Award wins reflect on how dedicated we are to providing the products to help our
fragile environment. All the stakeholders and the employees of the Company pride ourselves on offering great products and services
and look forward to providing the right outcomes for the water and environment of Canada and to the customers we serve on a daily
basis.”
The Company also wishes to announce that CFO, David Alexander, has stepped down due to health reasons and
replacing Mr. Alexander as CFO in an interim capacity is Hanspaul Pannu, CPA-CA. Mr. Pannu has worked in the Canadian small
cap public company space for over 5 years providing financial reporting, corporate secretary, listing and general accounting
support. He is currently the Chief Financial Officer of APPx Crypto Technologies Inc., a blockchain technology and mobile
application company and Marapharm Ventures Inc. (CSE:MDM), a Canadian and US Cannabis company and has held or currently holds a
senior financial position with LED Medical Diagnostics Inc., Aequus Pharmaceuticals Inc., Veritas Pharma Inc. and Blok Technologies
Inc. He is a Chartered Professional Accountant.
About SHARC International Systems
SHARC International Systems Inc. is a world leader in thermal heat recovery. SHARC™ technology systems recycle
thermal energy from wastewater, generating one of the most energy efficient and economical systems for heating, cooling & hot water
preheating for commercial, residential and industrial buildings. SHARC is publicly traded in Canada (CSE:SHRC), the United States
(OTCQB:INTWF) and Germany (Frankfurt: IWIA).
Further information about the Company is available on our website at www.sharcenergy.com or under our profile on SEDAR at www.sedar.com.
ON BEHALF OF THE BOARD
“Lynn Mueller”
Chairman and Chief Executive Officer
For further information, please contact:
Ray Crowley
Telephone: 604 782 0773
Email: ray.crowley@sharcenergy.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in
policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain statements contained in this news release may constitute forward-looking information.
Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate",
"expect", "may", "will", "intend", "should", and similar expressions. Forward-looking information involves known and unknown risks,
uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such
forward-looking information. SHARC's actual results could differ materially from those anticipated in this forward-looking
information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing
economic conditions, and other factors, many of which are beyond the control of the Company. SHARC believes that the expectations
reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be
correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this
news release represents the Company's expectations as of the date hereof, and is subject to change after such date. The Company
disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information,
future events or otherwise, except as required by applicable securities legislation.
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/7d24bd1f-15da-4a4b-8ca7-cbc061651cf9
http://www.globenewswire.com/NewsRoom/AttachmentNg/3e9bbe7e-b745-4425-afc9-fe4799741fde
http://www.globenewswire.com/NewsRoom/AttachmentNg/0c00468f-f423-4057-848d-4fe0ec76186e
