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January 1, 2022

Global Water Technologies releases annual shareholder letter

Dear Shareholders of Global Water Technologies,

We welcome another new year with a combination of optimistic opportunities and cautious progress amid the continuing pandemic that has impacted all business operations.

In 2021, the company successfully completed its compliance with new SEC amendments to Exchange Act Rule 15c2-11 and GWTR stock was upgraded to Current Information on OTC Markets for the first time since 2014. As a result, the stock saw increased trading activity and record appreciation in price for the year.

In addition, the company held subsequent discussions with several entities regarding potential deal opportunities that could leverage its status under the new alternative reporting standards. While the company does not comment on such activities, updates will be provided if initial discussions result in material events.

The year also saw passage of federal infrastructure funding that had been considered under several administrations and is expected to result in a boost to water-related projects in the coming years. The federal funding is expected to flow to state programs that then allocate resources to a variety of local projects.

While industry leaders have mixed opinions on the outlook for 2022, the new funding will likely move forward some existing projects while others are delayed due to ongoing supply and labor shortages. Several of the projects the company had been working on prior to the pandemic have been cancelled and others may be reorganized.

In 2021, shares of Global Water Technologies traded between $0.014 and $0.34 with a closing price of $0.07 and volume of 2,648,279. In 2020, shares of Global Water Technologies traded between $0.01 and $0.062 with a closing price of $0.015 and volume of 623,601.

The number of common shares at December 31, 2021 was 22,882,146 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 3.3 million shares for convertible promissory notes totaling $110,300. The company continues to prioritize actions that create value for new and existing shareholders.

We welcome new shareholders and thank those who are long-time supporters of the company, while also noting and offering condolences on the passage of several who have died during the pandemic.

Best wishes for a prosperous new year as we work to continue the progress accomplished in 2021.


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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