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January 1, 2020

Global Water Technologies releases annual shareholder letter

Dear Shareholders of Global Water Technologies,

The past year has been a good one for stock markets and we are pleased that our company also saw increasing demand and higher pricing for its stock. We begin 2020 with a positive focus on our objectives and continued growth of the company. Projects that have been in development for several years are gaining traction and expected to begin generating revenues in the coming year.

The new Water Infrastructure Innovation and Financing Act (WIFIA) program that selected Indiana in 2017 as the only statewide initiative finally announced the closing of those US EPA funds in the fourth quarter of last year. This creates opportunity to showcase innovative water technologies and in December the governor announced deployment of the $436 million as part of his 2020 agenda. We anticipate announcements regarding specific projects in the coming months.

In addition, we are pleased to see continued progress on the UV-C LED technology that we identified several years ago as an exciting new opportunity for non-chemical water treatment and for which we signed a distribution agreement in 2019. Advances in both the technology and more cost-effective pricing are opening new applications and we anticipate initial sales in the coming year for projects that have been in development over the past year.

As noted in last year’s shareholder letter, we reviewed previous activities in the China market for trenchless technologies and have placed those on hold. However, we have been active in seeking new business in the Middle East region where there are potential opportunities that are complementary to the WIFIA efforts in the United States, as both are targeted by federal programs to improve water infrastructure efficiency and increase innovation.

In 2019, shares of Global Water Technologies traded between $0.01 and $0.064 with a closing price of $0.049 and volume of 1,560,521. In 2018, the stock traded between $0.005 and $0.02 with 1,087,695 shares traded and a closing price of $0.01. This represents two consecutive years of increasing share prices and trading volumes.

Progress in the past two years has been good, despite a lack of working capital. To continue that progress and pivot from development stage to growth stage, the company is in active discussions regarding funding needed for the coming year.

The number of common shares at December 31, 2019 was unchanged for the year at 21,882,146 and the number of free-trading shares remains at 5,895,503. The company has issued warrants for the purchase of 2 million shares at $0.015 and has reserved 1.95 million shares for convertible promissory notes totaling $79,500. Continued avoidance of both toxic financing and related stock promotion allows for the issuance of additional shares in a manner that creates value for new and existing shareholders.

Thanks for your continued support and best wishes for a new year and the coming decade!


Sincerely,

Erik Hromadka
Chairman and CEO

FORWARD-LOOKING STATEMENT:
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

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