Desalination joint venture abandoned

Daniel Dror, chairman and CEO of American International Industries, Inc (AMIN) announced on 2 March 2010 that discussions with Centriforce Technology Corporation regarding the possible development of a joint venture to operate in the water desalination industry have terminated.

Centriforce Technology, based in Miami, Florida, USA, claims to have a new (patent-pending) multi-stage flash desalination system that relies on proprietary equipment to achieve greater efficiencies than previous technologies. In 2008, it acquired Ocean Transformation Technologies, an Israeli company developing desalination technology.

AMIN is a Texas-based holding company which buys companies to develop their growth and profitability.