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Phthalocyanines belong to an immense class of π-conjugated metallomacrocycles, which are of great interest due to their diverse important applications in modern science and technology [1,2]. Phthalocyanines have an original electronic structure based on 18-π delocalization, resulting in near-infrared absorption around 700 nm [3-5]. Subsequent electronic, photophysical and photochemical properties are responsible for many applications [6]. Phthalocyanines are broadly employed as sensors [7-9], oxidation catalysts [10-12] and photocatalysis [13] as well as for their nonlinear properties [14-16]. Their use as photosensitizers of second and third-generation for photodynamic therapy [17] remains a major one. Their applications depend on their solubility. By introducing electron-withdrawing such as halogen atoms (-F, -Cl, -Br) and electron-donating (-NH2, Ar-S-, RO-, RS-) bulky or long-chain alkyl groups into the peripheral sites on phthalocyanines skeleton, their solubility can be increased [18-31]. Unfortunately, phthalocyanines don't usually soluble in common organic solvents and their insolubility causes difficulties for many applications [32]. When plausible functional Preparation of New Biologically Active and Water Soluble Dyes: Characterization, Aggregation and Extraction of Metal Ions from Solutions