Waterlink Inc – ‘8-K’ for 6/30/04 – EX-99.2

On:  Tuesday, 7/6/04, at 5:04pm ET   ·   For:  6/30/04   ·   Accession #:  950152-4-5196   ·   File #:  1-13041

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Waterlink - Form 8-K                                   3     14K 
 2: EX-99.1     Findings of Fact, Conclusions of Law                  22     57K 
 3: EX-99.2     Press Release Dated July 6, 2004                       2     11K 

EX-99.2   —   Press Release Dated July 6, 2004

EX-99.2
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Exhibit 99.2                                                                    

FOR IMMEDIATE RELEASE                       CONTACT:                            
July 6, 2004                                Donald A. Weidig                    
                               Chief Financial Officer

                      (330) 649-4001

 WATERLINK, INC. ANNOUNCES APPROVAL OF PLAN OF LIQUIDATION

     CANTON, OHIO -- July 6, 2004 -- Waterlink, Inc. ("Waterlink" or the
"Company") (OTCBB: WLKNQ) today announced that the United States Bankruptcy     
Court for the District of Delaware (the "Bankruptcy Court") had entered the     
Findings of Fact, Conclusions of Law and Order Under Section 1129 of the        
Bankruptcy Code and Rule 3020 of the Bankruptcy Rules Confirming the Modified   
Joint Consolidated Chapter 11 Plan of Liquidation of the Debtors and the        
Committee Pursuant to Chapter 11 of the United States Bankruptcy Code (the      
"Confirmation Order"). The Plan confirmed by the Bankruptcy Court will result in
the liquidation of all remaining assets of the Company, the proceeds from which 
will be used to partially satisfy unsecured creditors. Copies of the            
Confirmation Order and the Plan have been attached as an exhibit to the         
Company's report on Form 8-K filed today with the U.S. Securities and Exchange  
Commission (the "SEC").                                                         

     Pursuant to the Confirmation Order, the Plan has been confirmed, is
enforceable and will take effect within the next two weeks (the "Effective      
Date"). Under the Plan, the holders of Class 5 Equity Interests will receive no 
distribution on account of their shares. On the Effective Date, all equity      
interests in the Company will be extinguished. There will be no amounts or other
property distributed to common stockholders of Waterlink. The Plan further      
provides that on the Effective Date, the current officers and directors of      
Waterlink shall be deemed to have resigned and the Liquidating Trustee, Theodore
Gavin, shall be the sole officer and director of the Company.                   

      Waterlink had previously announced, on February 4, 2004, that it and
its wholly owned operating subsidiary, Barnebey Sutcliffe Corporation, had      
agreed to a purchase agreement with Calgon Carbon Corporation, a Delaware       
corporation (the "Buyer"), for the Buyer to purchase substantially all of the   
assets and business operations of Waterlink, including the operations of        
Barnebey Sutcliffe Corporation and the subsidiaries of Waterlink in the United  
Kingdom. The purchase agreement was approved by the Bankruptcy Court at a       
hearing held on February 3, 2004, and a copy of the purchase agreement was      
attached as an exhibit to the Company's report on Form 8-K filed with the SEC on
February 9, 2004.                                                               

    The statements contained in this press release that are not purely
historical, including statements regarding Waterlink's objectives, expectations,
hopes, intentions, beliefs or strategies regarding the future, are              
"forward-looking" statements within the meaning of Section 27A of the Securities
Exchange Act of 1933 and Section 21E of the Securities Exchange Act of 1934.    
Such statements, including, but not limited to, the ability of the Company to   
partially satisfy claims of creditors using the proceeds of the previous sale   
and the liquidation, are subject to certain risks                               

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EX-99.2
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and uncertainties that could cause results to differ materially from those      
projected. These risks include, without limitation, the Company's ability to    
implement the Plan. Management believes these forward-looking statements are    
reasonable; however, undue reliance should not be placed on such forward        
statements, which are based on current expectations.                            

     Additional information on factors that could potentially affect the
Company or its financial results may be found in the Company's filings with the 
Securities and Exchange Commission, including the sections entitled             
"Forward-Looking Statements" and "Risk Factors" beginning on page 18 of the     
Company's annual report on Form 10-K for its fiscal year ended September 30,    
2003.                                                                           

      Waterlink has been an international provider of integrated water and
air purification solutions for both industrial and municipal customers.         
Waterlink's offices are located in Canton, Ohio, USA.                           

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Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Filed on:		7/6/04		1
For Period End:		6/30/04
		2/9/04		1					8-K
		2/4/04		1
		2/3/04		1					8-K
		9/30/03		2					10-K,  NT 10-K
									List all Filings