Quote & News
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Recent News & Events
April 11, 2010
Global Water Technologies updates share structure, seeks new director
INDIANAPOLIS, April 11 -- Global Water Technologies, Inc. (Pink Sheets: GWTR) announces the return of 195,838,346 shares of its common stock to the company treasury has been completed, as anticipated in the settlement of legal matters announced last month.
The company has issued 20 million shares of stock to a vendor for consulting services and currently has 824,161,654 shares outstanding. The company has 574,521,145 free trading shares and the number of total authorized shares remains at 1 billion.
The company's board of directors has also accepted the resignation of Matthew Veal and thanks him for his service over the past five years. Nominations for a new board member to fill this vacancy have been opened.
"Global Water Technologies welcomes inquiries from those who are interested in assisting the company as it continues to identify and develop opportunities to create value in this important sector of the new cleantech industry," said Erik Hromadka, president and CEO of Global Water.