EXHIBIT 99.1
PRESS RELEASE
WATERCHEF, INC. SHAREHOLDERS APPROVE INCREASE IN AUTHORIZED CAPITAL STOCK
Glen Head, New York, June 8, 2004 - David A. Conway, President and Chief
Executive Officer, announced today that on June 5, 2004, WaterChef, Inc., a
Delaware corporation (the "Company") convened a special meeting of its common,
Series A Preferred, Series C Preferred, Series D Preferred and Series F
Preferred stockholders (together the "Stockholders"). The Stockholders, voting
as a single class, voted on a proposal to amend the Certificate of Incorporation
to increase the Company's authorized capital stock from 100,000,000 shares to
200,000,000 shares, consisting of 190,000,000 shares of common stock and
10,000,000 shares of preferred stock.
The Stockholders, voting as a single class, approved the proposal authorizing
the amendment to the Certificate of Incorporation increasing the Company's
authorized capital stock by a vote of 76,060,283 shares for, 593,869 shares
against, and 189,215 shares abstained.
ABOUT WATERCHEF, INC.
WaterChef, Inc. ( OTCBB: WTER) has been in business since 1993 and designs and
markets the PureSafe Water Station family of products. The Company is
headquartered in Glen Head, New York and manufactures the PureSafe products in
Bohemia, New York. To learn more about the Company and its products, please
visit our website http://www.waterchef.net.
From time to time, information provided by the Company (including but not
limited to this release), statements made by its employees or information
included in its filings with the Securities and Exchange Commission may contain
statements, which are so-called "forward -looking" statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, which are intended to be covered by
the safe harbors created thereby. The Company's results may differ significantly
from those stated in any forward-looking statements. With respect to such
forward-looking statements, we claim protection under the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve a number of
risks and uncertainties, including, but not limited to, product demand, pricing,
market acceptance, litigation, risks in product and technology development and
other risk factors detailed from time to time in the Company's Securities and
Exchange Commission reports including, without limitation, its Form 10-KSB and
Forms 10-QSB.
WATERCHEF, INC.
CONTACT: DAVID CONWAY
VOICE: (516) 656-0059
FAX: (516) 656-9095
E-MAIL: info@waterchef.net
Web Site: www.waterchef.net
