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Global Water Technologies updates financials and disclosure statements.
Global Water Technologies releases annual shareholder letter.
Global Water Technologies updates financials and disclosure statements.
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Recent News & Events
March 31, 2023
Global Water Technologies provides Q1 update
INDIANAPOLIS, March 31, 2023 — Global Water Technologies (OTC: GWTR) is providing shareholders with the following update at the end of the first quarter of 2023.
As noted after filing its Q3 financials and disclosure statement with OTC Markets last year, the company has been focused on its traditional non-chemical water treatment business and also reviewing merger and acquisition opportunities. It has successfully restarted sales in this area after ramping down to zero while navigating the pandemic. However, revenues have not yet been sufficient to pay increased compliance and subscription fees required for filing its 2022 annual report by today’s deadline and the company expects to move into the “Limited Information” category of OTC Markets in Q2 while it works to complete the updated filing information.
The company is also in active discussions regarding a new technology licensing agreement and is exploring financing opportunities related to that opportunity. It welcomes inquiries from existing shareholders who would like more information on these activities.
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.