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July 1, 2021

Global Water Technologies updates compliance and project activities

INDIANAPOLIS, July 1, 2021 -- Global Water Technologies (OTC: GWTR) participated in a webinar today with OTC Markets regarding SEC amendments to Exchange Act Rule 15c2-11, which will impact trading in its stock on the Pink Market this year.

As noted in February, the amendments are designed to modernize the rule, which was last substantively amended nearly thirty years ago. OTC Markets has begun implementing procedures for companies to make current disclosure publicly available by September 28 in order to be publicly quoted by a broker-dealer.

Global Water Technologies began the process in June and anticipates it will continue for the next two months.

Information about the company's previous filings (and any new updates) is available here. Operations in subsequent years have been similar in size and scope and include business development efforts on several long-term projects that were impacted by the pandemic.

The company’s annual shareholder letter noted it aggressively ramped down operations in order to navigate the pandemic and related project cancellations and delays. It has undertaken a review of those projects and business activities to determine which are likely to move forward in 2021 and expects to see some resumption of operations in the second half of the year. It also continues reaching out to key stakeholders and exploring additional opportunities that may add value to the company.

Also noted previously, the company is working to secure working capital and funding needed for compliance and project activities. A director loan provided funding through the pandemic and the company is in discussions with holders of its convertible notes and others who are considering direct investments. Any shareholders and others wishing to participate in the company’s upcoming plans may send an email requesting information to: info@gwtr.com using the “2021 Plans” subject line.



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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