Quote & News
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Recent News & Events
August 25, 2011
Global Water Technologies resumes trading as GWTR, notes new initiative
INDIANAPOLIS, August 25, 2011 -- Global Water Technologies, Inc. (OTC Markets: GWTR) announces the company will begin trading as GWTR on August 25, amid increasing attention on the need for better water technology around the world.
There's a growing need for innovative new solutions to enhance water treatment and improve efficiency in using the world's most precious resource, said CEO Erik Hromadka, noting the focus on water in an urbanizing world at the annual World Water Week event being held in Stockholm.
As a small water technology company in the United States, Global Water seeks opportunities to connect investors with new opportunities to make better use of water resources. Ballast water treatment, water infrastructure monitoring and extracting energy from wastewater are areas of interest that the company has been exploring.
Global Water Technologies is also participating in a new regional water technology initiative being developed by the United States Environmental Protection Agency (EPA) and Small Business Administration (SBA). The Water Technology Innovation Cluster works to develop and commercialize innovative technologies to solve environmental challenges and spur sustainable economic development. The cluster is harnessing regional expertise in the Indiana, Ohio and Kentucky region, which includes the EPA's national research & development lab in Cincinnati.
Around the world and right here in the Great Lakes region, there is a growing recognition that fresh, clean water is an extremely important resource that is often undervalued until it is not readily available, Hromadka said. That dynamic presents great opportunity for new technologies that can improve the treatment, delivery and use of water.
Global Water Technologies is a small cleantech company that seeks to identify, develop and commercialize proprietary new technologies to increase water and energy efficiencies. Over the past 60 days, Global Water Technologies has successfully completed a reverse split of its common stock, upgraded its status on the OTC Markets and received regulatory approval for electronic trading. The company now has 8,535,805 shares of common stock outstanding.
Additional information is available on the company's web site at: www.gwtr.com.
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.