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Global Water Technologies updates financials and disclosure statements.
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Recent News & Events
November 15, 2022
Global Water Technologies updates quarterly filings and company plans
INDIANAPOLIS, November 15, 2022 -- Global Water Technologies (OTC: GWTR) today filed its Q3 financials and disclosure statements with OTC Markets, completing one year of compliance with the new SEC amendments to Exchange Act Rule 15c2-11 that took effect in 2021.
As reported previously, the company has been reviewing merger and acquisition opportunities to leverage its long history and emerging opportunities in the water sector. After considering a number of potential deals over the past year, the company is focusing on new licensing and distribution agreements that build on its legacy non-chemical water treatment business.
The company believes this will allow it to begin generating revenue again more quickly than the U.S. water infrastructure efforts, which have been allocated significant federal funding but are moving very slowly at the state and local levels. The company is also seeking bridge financing to move forward with specific non-chemical water treatment agreements and to complete filings necessary to further upgrade its reporting and compliance procedures in 2023.
Information about the company's most recent financial and disclosure filings is available here.
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.