Quote & News
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Recent News & Events
December 15, 2011
Global Water Technologies upgraded to Current Information on OTC Markets
INDIANAPOLIS, December 15, 2011 -- Global Water Technologies, Inc. (OTC Markets: GWTR) has been upgraded from Limited Information to Current Information, which is the highest tier for non-reporting pink sheet companies on the OTC Markets.
This completes an extensive effort to provide adequate current information for our shareholders, said CEO Erik Hromadka. Now that we have completed this important step and established the systems needed to maintain compliance, we can move into the new year with a better structure for developing opportunities in the emerging sector of water technologies.
Global Water Technologies has announced ballast water treatment and early leak detection as two examples of large markets where it is exploring new technologies. Hromadka noted that providing current information and regular quarterly updates allows existing and potential investors to better evaluate the company, its progress and its potential.
Global Water Technologies filed its initial disclosure statement with the OTC Markets and unaudited financial statements from 2009 and 2010 to receive an upgrade to Limited Information earlier this year. Since then, the company has filed three quarterly reports, an Attorney Letter with Respect to Adequate Current Information and additional information requested by the OTC Markets.
The OTC market represents a broad and diverse group of companies with a variable level of financial strength, disclosure availability and management quality. Market capitalizations range from micro-cap start-ups to large cap multi-national companies. More information about the market and GWTR, the company's ticker symbol, is available at: www.otcmarkets.com.
Global Water Technologies seeks to identify, develop and commercialize proprietary new technologies to increase water and energy efficiencies. The company is reviewing a number of such new technologies and developing strategic partnerships where it can leverage its resources as a small public company to create value for its shareholders.
The company's updated filings are available at: www.otcmarkets.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.