WESTON, FL, Apr 25, 2008 (MARKET WIRE via COMTEX News Network) -- Wall Street News Alert's "stocks to watch" this morning are: BioShaft Water TechnologyInc. ( OTCBB: BSHF ), up 5.9% on 557,000 shares traded. BioShaft is an innovative wastewater treatment technology based on Bio-Filtration utilizing sludge carriers. These plants are made using the Hans BioShaft Turbine that is at the heart of the wastewater technology.
( OTCBB: BSHF) is pleased to announce that it has been chosen by Mace to bid on the Al Barari housing development in Dubai, UAE. The project is required to treat 32,000,000 cubic meters per day of tertiary and sewage.
BioShaft is in the process of bidding on the project as requested by Mace, a project management company with offices in Dubai. Working across all sectors, Mace has been involved in some of the most high-profile projects including the Mall of the Emirates and the Jumeriah Beach resort and residences. Work is currently underway on the extensive redevelopment of the Dubai World Trade Centre.
Three hundred of the most lavish villas to be found in the UAE will be constructed on 9.2 million square feet of land at the royal enclave of Nad Al Sheba. The villas have unrestricted views of the botanical gardens, waterways and the adjoining wildlife reserve.
The first phase alone has generated over USD $544 million in sales; the total project is valued at USD $1.7 billion.
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