Global Water Techonogies, Inc.
Water Motion

Quote & News


OTC Markets: GWTR

NewsAugust 13, 2017

Global Water Technologies targets Indiana water infrastructure for innovation.


NewsJune 5, 2017

Global Water Technologies announces 2017 China BlueTech Award finalist.


NewsMay 10, 2017

Global Water Technologies participates in smart water events.


NewsMarch 7, 2017

Global Water Technologies presents in Flint, Michigan.


NewsFebruary 8, 2017

Indianapolis wins 2017 Smart Cities Council Challenge Grant.


NewsJanuary 31, 2017

Indianapolis named finalist for 2017 Smart Cities Council Challenge Grant.


NewsJanuary 24, 2017

Global Water Technologies promotes smart city initiative.


NewsJanuary 5, 2017

Global Water Technologies prepares for growth in 2017.


NewsJanuary 1, 2017

Global Water Technologies releases annual shareholder letter.





News & Events

Recent News & Events

Contents

April 22, 2009 - Global Water Technologies Moves Headquarters To Indiana
February 2, 2009 - Global Water Technologies Announces New Office And Personnel Changes
January 7, 2009 - Global Water Technologies Announces Additional Board Members
December 16, 2008 - Global Water Technologies Releases Shareholder Letter And Company Update
September 26, 2008 - Global Water Technologies Provides Update On Its Onsite Sulfuric Acid Generation Process
August 11, 2008 - Global Water Technologies Files Patent Application For Onsite Sulfuric Acid Generation Process
July 14, 2008 - Global Water Technologies Announces Shipment Of Filtration System For US Mint
June 4, 2008 - Global Water Technologies Signs Agreement To Provide Residential Well Water Treatment Services
April 16, 2008 - Global Water Technologies Announces Sale Of Subsidiaries And Summarizes Strategy To Improve Shareholder Value
November 27, 2007 - Watergy Produced Water Solutions Receives Additional Contract For Oil And Gas Produced Water Treatment
October 30, 2007 - Electric H2O Announces Multiple Orders For Its Cleantech Water Treatment Technologies
October 26, 2007 - Global Water Technologies Redeems Outstanding Convertible Debentures
September 25, 2007 - Global Water Technologies To Participate In Upcoming Energy And Water Investor Conferences
September 17, 2007 - Watergy Produced Water Solutions To Participate In Wyoming Natural Gas Fair
September 14, 2007 - Electric H2O Announces Multi-Year Contract For Its CleanTech Water Treatment Services
September 11, 2007 - Global Water Technologies Announces Status Of Outstanding Debentures
August 14, 2007 - Electric H2O Ships New Orders Of Its 'CleanTech' Water Treatment Technologies
August 6, 2007 - Global Water Technologies Announces Personnel Additions
July 26, 2007 - Kate Delaney interviews George Kast
July 25, 2007 - Global Water Technologies Announces New Corporate Headquarters
July 20, 2007 - Watergy Produced Water Solutions Announces New Contract For CBM Water Treatment
May 17, 2007 - Electric H2O Receives New Order For Its 'CleanTech' Water Treatment Technology From India
April 11, 2007 - Electric H2O Ships New Orders Of Its 䴝CleanTech䴜 Water Treatment Technology To Canada & Hong Kong
March 21, 2007 - Electric H2O Receives New Orders For Its 䴝CleanTech䴜 Water Treatment Technologies
March 15, 2007 - Watergy Produced Water Solutions Participates In Coal Bed Methane Summit
January 25, 2007 - Global Water Technologies Discusses Effect Of Its ED 2000 In Abating Global Warming
January 18, 2007 - Global Water Technologies Oil & Gas Services Subsidiary Launches New Website
January 9, 2007 - Global Water Technologies Discusses Agricultural Water Efficiency Findings
November 21, 2006 - Global Water Technologies To Present At National Investment Banking Association (NIBA) Conference
November 16, 2006 - Global Water Technologies Subsidiary Sells Non-Chemical Water Treatment System To Switzerland
November 15, 2006 - Global Water Technologies, Inc. CEO Featured in Exclusive Interview with WallSt.net
November 13, 2006 - Global Water Technologies Highlights Growth In Water Industry And Particiation In Water Investment Conference
May 16, 2006 - Global Water Technologies Subsidiary Completes Coal Bed Natural Gas Produced Water Testing
April 19, 2006 - GWT To Demonstrate Technology To Reduce Agricultural Water Use
March 15, 2006 - GWT Announces Management Appointment
November 10, 2004 - GWT Authorizes Shares to Launch Growth Strategy
July 21, 2004 - GWT Announces Change in Trading Symbol
July 8, 2004 - GWT Emerges From Chapter 11 Bankruptcy
May 15, 2003 - GWT Files for Chapter 11 Reorganization
February 17, 2003 - GWT Announces Sale of its Operating Subsidiaries
April 9, 2002 - GWT Announces 70.5% Increase in Revenues and a $2.4 Million Improvement in Earnings for 2001
February 14, 2002 - GWT Announces New Board Member
February 7, 2002 - GWT Engages Raymond James for Acquisition Investment Banking Services
January 24, 2002 - Global Water Technologies Announces Management Appointments
January 8, 2002 - GWT Files Patent Application for Water Treatment System
December 20, 2001 - GWT Cites Independent Report Forecasting Worldwide Industrial Cooling Tower Market Will Grow to $3.6 Billion by 2006
November 14, 2001 - GWT Announces 106% Increase in Revenues & Record Backlog for Third Quarter
November 13, 2001 - GWT Issues Corrective Press Release
September 19, 2001 - GWT Pledges Water System for World Trade Center Rebuild
September 17, 2001 - MarketDD.com Interviews President & CEO of GWT
September 10, 2001 - GWT Achieves $100 Million Milestone
August 16, 2001 - GWT Announces 46% Increase in Revenues & Record Backlog
August 9, 2001 - GWT Applies for American Stock Exchange Listing
July 31, 2001 - GWT Achieves Water Treatment Milestone
June 28, 2001 - GWT Subsidiary Receives York International Contract to Supply Water Treatment System
June 26, 2001 - GWT subsidiary Awarded an Additional $30 Million in New Power Plant Contracts
June 21, 2001 - GWT Retains Equity Growth & Management Corp. to Advise on Strategic Expansion Opportunities to Enhance Shareholder Value
May 8, 2001 - Global Water Technologies Announces Record First-Quarter Results
March 6, 2001 - GWT Subsidiary Announces FM Approval for a Revolutionary New Water Cooling Tower System
November 27, 2000 - GWT awarded additional $10 million in power industry contracts
October 20, 2000 - GWT Announces a Record $20 Million in New Contracts During 3rd Quarter
September 20, 2000 - GWT Signs Agreement to Provide Hospital with Cooling Water Treatment Technology and Services
August 28, 2000 - GWT Awarded $2.7 Million Contract to Supply Cooling Water System for Siberian Power Plant
August 15, 2000 - GWT Announces Second Quarter and New Internet Site Results
June 21, 2000 - GWT Subsidiary awarded $3 million water cooling contract
June 6, 2000 - GWT Subsidiary Launches Internet Site for Business-to-Business E-Commerce
May 30, 2000 - Global Water Technologies Announces Stock Split
April 3, 2000 - GWT Subsidiary Awarded Contract to Supply Environmentally Friendly Water Cooling Tower in Canada
March 27, 2000 - GWT Subsidiary Signs Agreement With Nalco Industrial Outsourcing Company
March 25, 1999 - Global Water Technologies, Inc. Reports Record Revenues and Earnings for 1999
March 3, 1999 - Financial communications firm, Magnum Financial Group, engaged by Global Water Technologies, Inc.
January 19, 1999 - GWT/PSI Announce Personnel Changes
January 18, 1999 - Global Water Technologies announces record bookings of $53 million for 1998 including $10 million in contracts to help reduce thermal pollution of public waterways


April 22, 2009 - Global Water Technologies Moves Headquarters To Indiana
Global Water Technologies, Inc., (PINK SHEETS: GWTR) an innovative provider of non-chemical water purification and treatment services, announces its corporate headquarters have moved to Indianapolis, Indiana.

"Indiana has an excellent technology community, a vibrant entrepreneurial climate, a strong manufacturing history and a new emphasis on clean technology. That's an excellent environment to grow this business," said Erik Hromadka, president and CEO. "Today's Earth Day activities are a reminder that wise use of natural resources is important and no resource is more important than clean water."

"We welcome Global Water to Indiana and thank them for their investment and confidence in our state," said E. Mitchell Roob Jr., Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. "This company's pursuit of clean technology practices and responsible water management is admirable and reflective of the state's overall mission in attracting new investment."

Hromadka noted that Indiana also provides the company with cost advantages and its central Midwestern location has better proximity to a large number of commercial and industrial customers that have hard water treatment needs which can benefit from its patented electronic descaling technology.

"In this economic climate, controlling costs is key to long-term success," Hromadka said. "In the past three months, the new board has undertaken a review of the company's operations and aggressively cut costs, including a reduction in management and overhead expenses of more than 50 percent. Although there are numerous opportunities for growth in the water industry, we believe it must be managed carefully and developed in a profitable manner."

The company is also undertaking a comprehensive review of previous management practices and working to establish the internal and external reporting systems required for relisting with the SEC. The new address for Global Water Technologies is 8501 Bash Street #500, Indianapolis, Indiana 46250. The company's new telephone number is (317) 452-4488.

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February 2, 2009 - Global Water Technologies Announces New Office And Personnel Changes
Global Water Technologies, Inc., (OTC: GWTR.PK) an innovative provider of non-chemical water purification and treatment services to the $400 billion water industry, announces the opening of an office in Indianapolis, Indiana and the appointment of a new Chief Executive Officer (CEO) and Chief Financial Officer (CFO).

Erik Hromadka, who currently serves on the company's board and is a longtime shareholder, replaces George Kast as CEO and President of Global Water Technologies and its operating subsidiary, Electric H2O, Inc. Dave Treacy, who also serves on the company's board, replaces Matthew Veal as its CFO and Treasurer. Veal continues to serve as a board member. Tim Coughlin, a member of the board and shareholder, assumes the role of Chairman, previously held by George Kast, who resigns from the board.

"I am excited for the company and its shareholders, as this is a positive move that brings new talent and resources to help facilitate the company's continued growth and prosperity," said George Kast. "Now is an excellent time to be investing in water and I will continue to be a resource for the company."

"There is a growing need to improve energy efficiency and benefit the environment through the use of non-chemical water technologies," said Erik Hromadka. "Global Water Technologies has been an early innovator in this area and we look forward to continuing that effort and exploring new opportunities as a member of the entrepreneurial communities in both Denver and Indianapolis.

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January 7, 2009 - Global Water Technologies Announces Additional Board Members
Global Water Technologies, Inc., (OTC:PK:GWTR) an innovative provider of non-chemcial water purification and treatment services to the $400 billion water industry, announces the appointment of four additional board members.

The new members provide a variety of additional resources to the company and include:

• Erik Hromadka ‰¥ä a communications and business consultant based in Indianapolis, Indiana, Hromadka has been a shareholder of Global Water Technologies since 2002. Hromadka, 42, is president of Blue Sky Circle, LLC and serves as editor of Indiana Business magazine.

• Tony Sandlin ‰¥ä an entrepreneur based in Indianapolis, Indiana, Sandlin is vice president of Avocalon, Inc. and managing director of Aerophare America, Inc. Sandlin, 41, has started several small businesses and is active in numerous professional associations. He is also certified as a commercial hot air balloon pilot and has flown at dozens of events across North America.

• Dave Treacy ‰¥ä an accountant based in Indianapolis, Treacy has worked with a wide range of businesses for the past 33 years. Treacy, 55, is president of TreacCo, Inc. and serves on the board of the National Automotive and Truck Museum of the United States.

• Timothy Coughlin ‰¥ä a retired naval aviator based in Indianapolis, Coughlin is president of Avocalon, Inc. and chairman of Aerophare America, Inc. Coughlin, 58, has served as a senior executive at a large for-profit hospital corporation and actively manages business investments in several countries. He has been a significant shareholder in Global Water Technologies since 2007.

George Kast, CEO stated, "I am pleased to add these new members to our board which will help guide the company in its future growth. Their varied experience will also help to build shareholder value in the near term and will be a valuable asset as we move into a fully reporting status."

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December 16, 2008 - Global Water Technologies Releases Shareholder Letter And Company Update
Global Water Technologies, Inc. (OTC.GWTR.PK) a technology-driven water purification and services provider to the $400 billion water industry, today released a shareholder letter and update on the company from president and CEO George Kast.

To our valued shareholders,

As 2008 draws to a close, I would like to provide our shareholders with an update on the company's activities and future plans.

The current status of the global economy coupled with projections for a continued downturn over the next year has prompted all companies, including Global Water Technologies, to take a close look at operations and determine the best course of action to move the company forward in a positive and profitable manner. After careful consideration, we have taken the following steps:

    -    Due to drastic changes in both the financial and commodities markets over the past six months, the sale of Electric H2O, Inc. and Watergy Produced Water Solutions, Inc. that was announced in April 2008 has been rescinded by mutual agreement of the acquiring company and Global Water Technologies.

    -    In exchange for consideration paid to date, the parties have mutually agreed that the acquiring company shall retain Watergy, while Electric H2O, Inc. and its related intellectual property shall immediately revert to Global Water Technologies.

Global Water Technologies has historically been a provider of environmentally friendly water solutions and this move will allow us to focus on further enhancing revenue from our portfolio of non-chemical water technologies and expanding our base of customers for related products and services. Such focus on existing products and services is the best way to increase both revenues and profits in the coming year.

The growth potential for these products and services has been demonstrated in the past year through:
    -    additional Asian market sales to new customers in India and the Philippines
    -    new European sales opportunities through existing customers in Switzerland
    -    multiple U.S. sales to a ‰¥þbig box‰¥ÿ retailer with international operations

Global Water Technologies continues to move forward with development of other innovative products and services, including the onsite sulfuric acid patent application and process that was announced this summer.

In addition, the board has determined that it is appropriate to continue with its previously announced plans to become an SEC-compliant company in 2009 and seek listing on additional worldwide exchanges. We have taken steps to move forward with these plans, including retiring all outstanding convertible debentures in 2007 and eliminating all long-term debt in 2008. We have not increased our authorized shares in 2008 and believe that we will move into the new year with a solid platform for focused growth as a public water and environmental enterprise.

Furthermore, we have listened to the requests of existing shareholders who have sought greater communications and more frequent updates on company activities. In addition to the financial reporting that will result from becoming SEC-compliant, we are also taking steps to provide regular communications with shareholders and all stakeholders of the company. This letter is the first step in that process.

I would like to thank all of the current shareholders of Global Water Technologies for their interest in our company and continued support. The past four years have been a period of rebuilding and your support has been key to our future success.

I look forward to providing additional information as we move forward with these plans and several other projects that we will be announcing in the near term.

Sincerely,

George Kast

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September 26, 2008 - Global Water Technologies Provides Update On Its Onsite Sulfuric Acid Generation Process
Global Water Technologies, Inc., ("GWT") a technology driven water purification and services provider to the $400 billion water industry, announced that it has received worldwide interest from its previously announced onsite sulfuric acid generation patent application and process.

Sulfuric acid is the world's single largest chemical market and demand is continuing to rise as developing countries increase their industrial production.

George Kast, CEO stated, "We continue to refine the process and identify a strategic location and application for a demonstration site. We believe the market potential for this technology to be in excess of $2 billion a year, based upon current market conditions."

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August 11, 2008 - Global Water Technologies Files Patent Application For Onsite Sulfuric Acid Generation Process
Global Water Technologies, Inc., ("GWT") a technology driven water purification and services provider to the $400 billion water industry, announced that it had filed a provisional patent application for its newly developed Sulfuric acid generation process.

Sulfuric acid is the world's most widely used chemical and has seen a substantial increase in demand and cost over the past 24 months. The rise in Sulfuric acid costs is primarily due to greater worldwide use by multiple industries, including agriculture, steel, mining, refining, and water treatment. Sixty percent of Sulfuric acid production is used for making fertilizers, which has seen a spike due to increased crop production, some of which is being consumed for Ethanol.

The Company has successfully demonstrated the technology and process in its facilities and is now moving toward various field demonstrations and commercial applications.

George Kast, CEO stated, "This is potentially one of our most significant technology developments and market opportunities to date. The rising cost of Sulfuric Acid coupled with the increased cost of transportation, presents a unique opportunity for our technology in this vast market. We plan to market the technology through various channels, including direct service contracts for the supply of acid, licensing to various industries and countries, as well as utilization in our own water treatment facilities. The net result is that we can generate H2S04 on site at a substantial savings to the current spot market price and do so without the risks and costs associated with transporting bulk liquid acid. We are seeking financial and strategic partners to assist with capitalizing on this tremendous market opportunity."

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July 14, 2008 - Global Water Technologies Announces Shipment Of Filtration System For US Mint
Global Water Technologies, Inc., ("GWT") a technology driven water purification and services provider to the $400 billion water industry, announced that it has made an initial shipment of a proprietary filtration system to be installed at the US Mint in Denver, CO.

The minting process requires exacting standards and reliability for water quality. The treatment system was chosen due to its ability to filter out particulates entrained in the water stream through the operation of the cooling towers, resulting in energy and water savings.

George Kast, CEO stated, "This is yet another example of an application of our technology, equipment, and services being applied in a large water treatment market. Global Water has extensive worldwide experience in the design and supply of process cooling water equipment and cooling water is one of the single largest water markets."

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June 4, 2008 - Global Water Technologies Signs Agreement To Provide Residential Well Water Treatment Services
Global Water Technologies, Inc., ("GWT") a technology driven water purification and services provider to the $400 billion water industry, announced that it has signed an Agreement to provide well water treatment services for a new residential development located in Weld County, Colorado.

Per the terms of the agreement, GWT will design, build and operate a well water treatment plant to supply potable water under a 30 year services agreement. The plant will purify well water to be used for a new multi-family residential development located approximately 20 miles northeast of Denver. GWT will begin work on the project upon the developer's receipt of required permits.

George Kast, CEO stated, "This is another application of our broad based water treatment technologies and knowhow being applied to a rapidly growing water treatment market opportunity. According to the CDC, between 40 and 45 million Americans regularly depend on private ground water wells for their drinking water and most are contaminated and must be purified to meet drinking water standards."

The company is pleased to announce that Mark Marcin has joined GWT as its Technical Director. Mr. Marcin was most recently employed by the Pall Corporation (NYSE: PLL), a recognized World Leader in water filtration, as a Process Application Specialist. He has a degree in Chemistry and brings over 24 years of water and waste water experience in both municipal and industrial sectors. Mr. Marcin's expertise includes the design of low pressure membrane, MBR, and reverse osmosis systems for the municipal market.

The company also announced George Kast, Chairman and CEO, will be a speaker at the Profiting in the Water Industry Conference held June 5th in New York City.

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April 16, 2008 - Global Water Technologies Announces Sale Of Subsidiaries And Summarizes Strategy To Improve Shareholder Value
Global Water Technologies, Inc., ("GWT") a technology driven water purification and services provider to the $400 billion water industry, announced that it had completed the sale of its two subsidiaries, Electric H2O, Inc. and Watergy Produced Water Solutions, Inc.

Under the terms of the transaction, GWT will realize $9.2 million paid in the form of cash and a note payable over 60 months. GWT will utilize these funds to finance its strategic plan. The plan includes further development of its leading edge water and environmental technologies and markets, as well as potential related acquisitions. The company also plans to become an SEC compliant company and seek listing on additional worldwide exchanges.

Global Water and its former subsidiaries, Electric H2O, Inc. and Watergy Produced Water Solutions, Inc. will continue to headquarter at their current location and George Kast will continue in his management capacity.

George Kast, CEO stated, "This is a very positive move for the company as it will provide the necessary resources to pursue our strategic plan. The investment community is seeking a high growth water platform that can attract significant capital to emerge as a public water and environmental enterprise and we have the experience and are well positioned to take a leading role in this exciting and timely space."

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November 27, 2007 - Watergy Produced Water Solutions Receives Additional Contract For Oil And Gas Produced Water Treatment
Watergy Produced Water Solutions, Inc. ("WPWS") an oil and gas services provider of turnkey produced water management solutions announced it has received an additional contract to treat water produced from oil and gas exploration in the Rocky Mountain region.

The contract provides for Watergy's technology and equipment to treat an initial 4,000 barrels a day of produced water increasing to 20,000 barrels a day. The treated water will be reused beneficially for irrigation purposes. The source of the water will be from Oil and Gas production on the Western Slope of Colorado. Watergy will also receive an operation and maintenance contract for this facility upon startup. The combined value of the equipment and services contracts is estimated to be $5,000,000.00 over five years.

George Kast, CEO stated, "This project is of particular interest as we will be reusing the treated water to irrigate high-value agricultural crops. We will create a real world demonstration of our technology as a model for beneficial use of produced water from Oil and Gas production. The Rocky Mountain region is seeing a sharp rise in E&P activity and the industry is generating a tremendous amount of water. Our approach to reusing this water provides an environmental and cost effective solution."

Watergy also reports that it has delivered its initial Oil and Gas produced water treatment facility, and begun start up and testing for the facility. Watergy indicates it is in discussion with numerous other producers for the treatment of their produced waters.

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October 30, 2007 - Electric H2O Announces Multiple Orders For Its Cleantech Water Treatment Technologies
Electric H2O, Inc. ("EH2O") a global supplier of environmentally sound water treatment technologies and services announced today it has received new orders for its patented ED 2000 energy and water saving system from the pharmaceutical and HVAC industries in the United States.

The ED 2000 has proven its ability to realize energy and water savings in a multitude of applications as evidenced by its global installed base including; agricultural, chemical, commercial, health care, hospitality, power and steel facilities.

George Kast, CEO stated, "The need and desire of all industries to become more efficient in energy and water use are positively impacting our growth. We are working closely with our customers and teaming partners to capitalize on the benefits of more efficient use of our natural resources."

Electric H2O also announced they will be exhibiting at the upcoming Association of Water Technologies International Conference and Exhibition to be held in Colorado Springs, November 7-10, 2007.

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October 26, 2007 - Global Water Technologies Redeems Outstanding Convertible Debentures
Global Water Technologies, Inc., ("GWT") a leader in environmentally sound water purification technology and services to the $400 billion water industry announced today the redemption of all the outstanding amounts and non-converted debentures issued to Highgate House Funds Ltd., a sub-fund of Cornell Capital Partners, now Yorkville Advisors.

"Redeeming these debentures is an important step in our strategic plan," said George Kast, Chairman and CEO of Global Water Technologies. "We are now better positioned to attract more suitable funding to accelerate the growth of our installed base of Cleantech energy and water savings technologies."

Steady growth in coalbed methane (CBM) and other unconventional energy production has created a large market opportunity where we can leverage our expertise and create real shareholder value," continued George Kast. "Our comprehensive produced water solutions are one of the most economical and environmentally sound methods available to Oil and Gas producers with produced-water disposal and reclamation issues. As we continue to execute and strengthen the company's position, we trust the investment community will realize our value proposition and our stock will begin to better reflect the intrinsic value of our extensive water technology base."

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September 25, 2007 - Global Water Technologies To Participate In Upcoming Energy And Water Investor Conferences
Global Water Technologies, Inc., (‰¥þGWT‰¥ÿ) a technology driven water purification and services provider to the $400 billion water industry, announced that it will be participating in three upcoming investment conferences that focus on Cleantech, Greentech emerging technologies for water and energy savings.

At the 4th Annual Energy Investment Technology Conference, October 3-4, 2007, in San Jose, California, GWT will highlight its Electric H2O subsidiary and the energy and water savings achieved through the implementation of its patented ED 2000 technology. Additionally the company will discuss the green carbon credits and other potential environmental credits realized through the utililzation of its technology. The conference attendees include more than 15 Cleantech investment funds and the keynote address will be given by Mr. Dan Reicher, Director of Climate Change and Energy Initiatives for Google.org䴜s recently launched one billion dollar investment fund. Additional information can be found at www.almevents.com.

GWT was also invited to participate in the 2nd Annual Water Finance and Investment Summit to be held in New York City, November 29-30, 2007. This conference is sponsored by Financial Research Associates, LLC, to focus on water industry drivers and investment opportunities in the growing water sector. George Kast, Chairman and CEO of GWT will be a panelist on the topic of ‰¥þWhat‰¥ús Hot in Water Opportunities‰¥ÿ. Additional information can be found at www.frallc.com.

Additionally Mr. Kast will be presenting at the 4th Annual ‰¥þProfiting in the Water Industry‰¥ÿ Conference to be held in San Francisco, December 13, 2007. This conference is sponsored by IncreMental Advantage and will focus on the most promising investment opportunities in water technology and services. Details can be found at www.incrementaladvantage.com.

George Kast, CEO stated, ‰¥þWe are looking forward to participating in these conferences as they are specifically targeting energy and water efficiency issues and opportunities. GWT‰¥ús Cleantech products and services have proven to be effective in the reduction of energy and water use and discharge resulting in Greentech credits. Our objective in participating in these conferences is to introduce the investment community to the tremendous opportunities we have developed and the significant growth and appreciation potential of GWT and its subsidiaries.‰¥ÿ

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September 17, 2007 - Watergy Produced Water Solutions To Participate In Wyoming Natural Gas Fair
Watergy Produced Water Solutions, Inc. (‰¥þWPWS‰¥ÿ) an oil and gas services provider of turnkey produced water management and treatment solutions announced that it will participate in the 11th Annual Wyoming Natural Gas Fair held in Jackson Hole, Wyoming, September 19 ‰¥ã 21, 2007.

The Gas Fair is one of the premier events for the Coal Bed Methane and conventional gas industry. The conference is a gathering of industry innovators, key political leaders, governmental agencies, and service providers to the natural gas industry in the Rocky Mountain region.

George Kast, CEO stated, ‰¥þWe are looking forward to participating in this year‰¥ús event as it will provide excellent exposure for our products and services in this market place. We will be showcasing our proven treatment systems and competitive offerings which should result in future contracts.‰¥ÿ

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September 14, 2007 - Electric H2O Announces Multi-Year Contract For Its CleanTech Water Treatment Services
Electric H2O, Inc. (‰¥þEH2O‰¥ÿ) a global supplier of proprietary and environmentally sound water treatment technologies and services announced today it has received an extension of its contract to treat the cooling water at a United States General Services Administration (‰¥þGSA‰¥ÿ) facility.

A proprietary EH2O cooling water treatment system including the patented ED 2000 was commissioned at a GSA Heartland facility in 2004. The cooling water treatment system has achieved exceptional performance, resulting in significant reduction in water use while eliminating the use and discharge of hazardous chemicals. As a result GSA has awarded EH2O a multi-year contract extension.

George Kast, CEO stated, ‰¥þThe need and desire of our customers to become more efficient in energy and water use is positively impacting our growth. GSA operates hundreds of facilities around the US and the majority of GSA's operating costs must be recovered through the products and services it provides thereby incentivizing them to become more efficient. We are working closely with our customers and teaming partners to capitalize on the benefits of more efficient use of our natural resources.‰¥ÿ

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September 11, 2007 - Global Water Technologies Announces Status Of Outstanding Debentures
Global Water Technologies, Inc., (‰¥þGWT‰¥ÿ) a technology driven water purification and services provider to the $400 billion water industry, announced that, on the advice of its securities counsel, it has suspended any future conversions under the outstanding convertible debentures pending review by independent counsel and the Minnesota department of Commerce.

George Kast, CEO stated, ‰¥þGiven new securities regulations, we engaged independent counsel to thoroughly evaluate whether any future conversions can be exempt from registration as we and the debenture holder want to be legally compliant with current securities laws and statutes.‰¥ÿ

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August 14, 2007 - Electric H2O Ships New Orders Of Its 'CleanTech' Water Treatment Technologies
Electric H2O, Inc. ("EH2O") a global supplier of proprietary chemical-free water treatment technologies and services announced that it has recently received new orders for its patented ED2000 energy and water saving technology from the Philippines.

The company also announced that it has received additional orders for its proprietary water filtration systems which will be installed in US-based HVAC applications.

George Kast, CEO stated, "We are pleased that our products and services continue to gain market share worldwide. With increasing global interest and need for environmentally sound energy and water saving technologies, we are well positioned to rapidly expand this segment of our business."

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August 6, 2007 - Global Water Technologies Announces Personnel Additions
Global Water Technologies, Inc., ("GWT") a technology driven water purification and services provider to the $400 billion water industry, has recently added personnel which includes over 60 years of additional water treatment experience.

Rob Lockyer has over 30 years experience in all facets of water treatment system design, installation, operations and maintenance. He is a mechanical engineering graduate from the University of Florida with global experience in the industrial and waste water markets. Rob has a strong background in RO system design and applications for both the industrial and residential markets and was most recently with US Filter. Mr. Lockyer will be working as a project engineer and project manager for GWT's Watergy Produced Water Solutions subsidiary.

Roger Arrowsmith will be joining the company in the capacity as sales manager for its Electric H20 subsidiary. Roger is a graduate of UCLA with a degree in chemical engineering and has over 25 years water treatment sales and management experience. He has worked in a variety of water treatment areas including industrial and residential. Mr. Arrowsmith's experience spans the globe having worked for prominent water treatment companies such as Osmonics, US Filter, Culligan and most recently with Innovative Turnkey Systems.

George Kast, CEO stated, "I am pleased to add this depth of experience and talent to our team. The availability of useable water is one of the most crucial elements facing us in the future and we continue to position ourselves to address this growing global need."

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July 26, 2007 - Kate Delaney interviews George Kast
Kate Delaney interviews George Kast, CEO of Global Water Technologies discussing the significance of Watergy's recent oil and gas produced water treatment contract and additional momentum in their various water treatment markets. Global Water Technologies, Inc. is a "CleanTech" water treatment and services company with "clearly" innovative technologies, focused on the energy, power, oil and gas, process, HVAC and municipal markets. Through its subsidiaries, Electric H2O, Inc. and Watergy Produced Water Solutions, Inc., the company utilizes its proprietary technologies and services programs to increase operating efficiencies and reduce water usage through comprehensive water management solutions. GWT has an established client base of over 500 customers in more than 25 countries worldwide. GWT's products treat over 10 billion gallons of water per day. Listen to the podcast to hear more.

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July 25, 2007 - Global Water Technologies Announces New Corporate Headquarters
Global Water Technologies, Inc., ("GWT") a technology driven water purification and services provider to the $400 billion water industry, announced that it has moved into a new corporate headquarters located in Westminster, Colorado.

George Kast, CEO stated, "Given the increased demand for our products and services, the new facility will provide additional space to help facilitate our continued growth. This comprehensive building includes office, warehousing, assembly and training facilities. Westminster is centrally located between Denver and Boulder with convenient access for our domestic and international customers flying into Denver International Airport.

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July 20, 2007 - Watergy Produced Water Solutions Announces New Contract For CBM Water Treatment
Watergy Produced Water Solutions, Inc. ("WPWS") an oil and gas services provider of turnkey Produced Water treatment systems and solutions announced today that it has entered into a five year contract with an exploration and production company for the treatment of CBM produced waters. George Kast, CEO stated, "We are pleased this producer has chosen our leading technology and services program for the treatment of their produced water. The initial term of the contract is for five years and we will be treating up to 12,000 barrels of water per day at this site. This contract is expected to generate approximately $2,000,000 in total revenue with initial operations beginning in the 4th quarter of 2007." Mr. Kast continued by stating, "Watergy is well-positioned to capitalize on the growing demand for oil and gas produced water management and solutions."

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May 17, 2007 - Electric H2O Receives New Order For Its 'CleanTech' Water Treatment Technology From India
Electric H2O, Inc. ("EH2O") a global supplier of proprietary non-chemical water treatment technologies and services announced that it had recently received new orders for its patented ED 2000 from India.

George Kast, CEO stated, "We are pleased to have penetrated the Indian market as it has significant potential for us given their serious need for energy and water savings in this rapidly expanding economy. We will build on these initial installations and believe we can capture an important market share. Additionally, India's water supply has become severely contaminated and utilizing our technology will reduce the amount of hazardous chemicals discharged back into the environment used in traditional chemical water programs."

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April 11, 2007 - Electric H2O Ships New Orders Of Its 䴝CleanTech䴜 Water Treatment Technology To Canada & Hong Kong
Electric H2O, Inc. (‰¥þEH2O‰¥ÿ) a global supplier of proprietary non-chemical water treatment technologies and services announced that it had recently received additional new orders and shipped its patented ED2000 technology to Canada and Southeast Asia.

George Kast, CEO stated, ‰¥þWe are pleased that our products and services are being recognized worldwide. We have hundreds of installations of our ‰¥ùCleanTech‰¥ú ED2000 technology throughout Asia, Europe, and North America. I believe the growing demand and awareness of our energy and water-saving technologies will facilitate our rapid growth in this market segment.‰¥ÿ

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March 21, 2007 - Electric H2O Receives New Orders For Its 䴝CleanTech䴜 Water Treatment Technologies
Electric H2O, Inc. (‰¥þEH2O‰¥ÿ) a global supplier of proprietary non-chemical water treatment technologies and services announced today it had received additional orders from The Children‰¥ús Hospital of Philadelphia for its patented energy and water saving ED 2000 technology and ED 2000 PLUS comprehensive physical water treatment system.

For the fourth consecutive year, U.S. News & World Report has ranked The Children䴜s Hospital of Philadelphia the best hospital for children in the United States. Throughout its 50 sites, the Hospital supports a green building philosophy, incorporating innovative and environmentally friendly technologies such as the ED 2000 and ED 2000 PLUS. The initial ED 2000䴜s have been operating for approximately ten years on the cooling towers, boilers and chillers with exceptional results including reduced maintenance and increased energy efficiency. The addition of these ED 2000 and ED 2000 PLUS systems will help the Hospital to further treat many of its process waters without the use of chemicals.

George Kast, CEO stated, ‰¥þWe are pleased that this premier hospital facility has once again chosen our proven physical, non-chemical water treatment system. This further confirms our credibility and leadership potential in this rapidly growing market segment. We have been pioneers in the development and installation of non chemical water treatment technologies for process cooling water and believe EH2O‰¥ús comprehensive offerings are well suited to meet the demands for Greentech/Cleantech products and services.‰¥ÿ

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March 15, 2007 - Watergy Produced Water Solutions Participates In Coal Bed Methane Summit
Watergy Produced Water Solutions, Inc. (‰¥þWPWS‰¥ÿ) an oil and gas services provider of turnkey produced water management solutions announced it will co-sponsor and present at the upcoming 8th annual Coal Bed Methane Summit held in Denver, CO March 29th and 30th.

George Kast, CEO stated, ‰¥þWe are looking forward to participating in this upcoming event. Water is the key issue in successful development of CBM in the Rockies‰¥ú and our proven technologies offer a cost-effective solution for E&P companies. This Summit will provide an excellent forum for us to showcase the advantages and benefits that Watergy offers in this growing market.‰¥ÿ

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January 25, 2007 - Global Water Technologies Discusses Effect Of Its ED 2000 In Abating Global Warming
Global Water Technologies, Inc., (‰¥þGWT‰¥ÿ) a technology driven water purification and services provider to the $400 billion water industry, commented today on the positive impacts that its ED 2000 technology can have on reducing Greenhouse gases, which contribute to global warming.

Fossil fuel based electrical generation produces 82% of the U.S. energy-related carbon emissions, which leads to higher atmospheric carbon dioxide levels and have been linked to global warming. Many users of electricity are seeking ways of reducing their electrical energy consumption to reduce costs and lessen carbon emissions.

GWT䴜s patented ED 2000 technology has proven very effective in reducing energy use by eliminating mineral scale from chillers and boilers used in commercial HVAC systems. Scale forms when mineral ions in the water come in contact with the heat-exchanger surface. Scale acts as an insulator, thereby reducing the heat-exchange efficiency, resulting in more electrical energy use. By eliminating the scale, the chiller or boiler operates more efficiently, thereby using less electricity.

George Kast, CEO stated, ‰¥þWe are pleased that our technology can contribute to the mitigation of global warming. Air-conditioning and heating accounts for approximately 25% of the total electrical use in commercial buildings. Simply installing our ED 2000 on a commercial HVAC system can reduce energy consumption and thus reduce carbon emissions. The building owner or management company also benefits through lower energy bills and a pro-active approach to achieving a Green Building status.‰¥ÿ

Kast continued by stating, ‰¥þWe are pursuing the potential for creating an additional revenue stream through capturing and selling the carbon credits realized through the implementation of our technology.‰¥ÿ

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January 18, 2007 - Global Water Technologies Oil & Gas Services Subsidiary Launches New Website
Global Water Technologies, Inc., (‰¥þGWT‰¥ÿ) a technology driven water purification and services provider to the $400 billion water industry, announced that its subsidiary, Watergy Produced Water Solutions, Inc. (‰¥þWatergy‰¥ÿ) has recently launched its website: www.watergytech.com.

Watergy is a water treatment and services provider to the oil and gas industries. Water produced from oil and gas exploration is one of the largest water management and treatment markets. Watergy offers proprietary water treatment technologies and service models to meet the growing need for environmentally sound water management solutions for this energy sector.

George Kast, CEO stated, ‰¥þWe are pleased to launch this new site as it will provide access for our customers to gain more knowledge about our technologies and offerings. Watergy is well-positioned to be a significant player in this rapidly growing water treatment market. We believe we have the most cost-effective and comprehensive solutions to provide for sustainable energy development in the Rocky Mountains and beyond. Simply put, if you want to extract the gas, you must manage the water.‰¥ÿ

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January 9, 2007 - Global Water Technologies Discusses Agricultural Water Efficiency Findings
Global Water Technologies, Inc., (‰¥þGWT‰¥ÿ) a technology driven water purification and services provider to the $400 billion water industry, announced that its subsidiary, Electric H2O, Inc. (‰¥þEH2O‰¥ÿ) had completed its initial testing of agricultural water treatment as previously described in its April 19, 2006 press release.

Agricultural water use in the US accounts for approximately 135 billion gallons of water per day. The availability and cost of irrigation water is now a very serious issue for farmers and ranchers in the Western United States and around the world.

Prior to the 2006 growing season, EH2O had installed multiple units of its patented ED2000 non-chemical water treatment technology at a farm in northeastern Colorado which irrigates over 12,000 acres. The units were installed on irrigation systems to improve water efficiency and enhance the quality of the crops. As depicted by aerial photos and histograms, the crops treated with the ED2000s grew much faster and were more robust than the crops that were not treated, most likely the result of improved water infiltration into the soil of the treated fields. Third party analyses confirm the treated fields had more water available in the soil for the crops throughout the growing season.

George Kast, CEO stated, ‰¥þWe are pleased to report that our technology met or exceeded its performance objectives for agricultural water enhancement. The treatment process conditioned the water for better absorption by the plants and soil, as well as minimized scaling for greater irrigation efficiency. EH2O plans to build on this success through further agricultural sales in 2007.‰¥ÿ

Kast continued by stating, ‰¥þThis technology may also have a very positive impact on crops grown for Ethanol production due to a higher quality feed stock produced through the use of the ED2000 treatment system.‰¥ÿ

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November 21, 2006 - Global Water Technologies To Present At National Investment Banking Association (NIBA) Conference
Global Water Technologies, Inc., (‰¥þGWT‰¥ÿ) a technology driven water purification and services provider to the $400 billion water industry, announced that it would be presenting at the National Investment Banking Association‰¥ús 100th annual capital conference in Las Vegas, NV November 30 ‰¥ã December 1, 2006.

NIBA is an international organization encompassing more than 1200 independent broker dealers. NIBA䴜s member firms have successfully completed some 850 plus equity offerings totaling approximately $9 billion.

George Kast, CEO stated, ‰¥þWe are looking forward to participating in this conference. GWT has not previously presented at an event of this magnitude and should provide tremendous exposure for our Company. Most broker dealers are unaware of GWT and I believe that upon learning about us, the investment community will realize our current undervalued position and significant growth opportunities.‰¥ÿ

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November 16, 2006 - Global Water Technologies Subsidiary Sells Non-Chemical Water Treatment System To Switzerland
Global Water Technologies, Inc., (‰¥þGWT‰¥ÿ) a technology driven water purification and services provider to the $400 billion water industry, announced that its subsidiary, Electric H2O, Inc. has sold another ‰¥þnon-chemical‰¥ÿ water treatment system to York International Switzerland.

Electric H2O (EH2O) is a provider of environmentally sound ‰¥þnon-chemical‰¥ÿ water treatment technologies and services. EH2O‰¥ús proprietary technologies include the patented ED2000 system, which is an electro-coagulation unit (ECU) for the removal and prevention of scale in heat transfer equipment, such as chillers, heat exchangers and evaporative condensers. The ED2000 system has over 200 installations in 10 countries. In addition, EH2O has a complete line of media filters and separators for the removal of various particulates in water systems. EH2O also offers comprehensive ‰¥þnon-chemical‰¥ÿ water treatment systems and service programs for the HVAC and light industrial markets. EH2O‰¥ús customers include HVAC service providers, commercial RIETS, Universities, Hospitals and commercial facilities worldwide.

George Kast, CEO stated, ‰¥þWe are pleased that York has again selected us for this new project. This further confirms that our technologies perform in the field and that customers are realizing the value and benefits of our proprietary systems. The future of water treatment will be driven by technology that is ‰¥ùnon-chemical‰¥ú in nature and GWT is well positioned to capitalize on this essential movement away from traditional chemicals. The growing desire of manufacturers and providers of goods and services to be ‰¥ùgreen‰¥ú is having a positive impact on the demand for our products. GWT will be participating in the ‰¥ùGreenbuild International Expo‰¥ú held this week in Denver, Colorado, which serves as the pre-eminent showcase for leading-edge green technologies.‰¥ÿ

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November 15, 2006 - Global Water Technologies, Inc. CEO Featured in Exclusive Interview with WallSt.net
On November 14th, George Kast, Chief Executive Officer for Global Water Technologies, Inc. (Pink Sheets: GWTR) updated the investment community in an exclusive interview with www.wallst.net. Topics covered in the interview include an overview of the Company and the markets it serves, recent press releases, current capitalization, upcoming strategic and financial milestones.\r\n
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\r\nTo hear the interview in its entirety, visit www.wallst.net, and click on "Interviews." Interviews require free registration, and can be accessed either by locating the respective company's ticker symbol under the appropriate exchange on the left-hand column of the "Interviews" section of the site, or by entering the respective company's ticker symbol in the Search Archive window.\r\n
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November 13, 2006 - Global Water Technologies Highlights Growth In Water Industry And Particiation In Water Investment Conference
Global Water Technologies, Inc., (‰¥þGWT‰¥ÿ) a technology driven water purification and services provider to the $400 billion water industry, announced that it will be a co-sponsor and presenter at the upcoming 8th annual ‰¥þProfiting in the Water Industry‰¥ÿ investment conference, held on December 4, 2006 in San Francisco.

David Wanetick, Managing Director of IncreMental Advantage, the conference host, said, ‰¥þA growing number of Venture Capitalists who invest in Alternative Energy are making investments in Water Technology companies. One reason these investors are attracted to the water industry is its size: The water market is one of the world‰¥ús five largest markets, amounting to $400 billion. Another reason is that despite its size, the water industry is actually demonstrating significant growth. The water industry is growing 7% annually. In comparison, the $500 billion energy market is growing 1% a year.‰¥ÿ

Wanetick continued, ‰¥þWe are pleased to provide investors with a rare opportunity to learn where some of the nation‰¥ús leading venture capitalists are placing their bets in the water industry. We have assembled a stellar panel of early-stage investors ‰¥ã including Ira Ehrenpreis, General Partner, Technology Partners; Joseph Culley, Principal, Janney Montgomery Scott; Marty Lagod, Fireside Capital; William Donovan, Director, A.G. Edwards; Christoph Lueneburger, Principal, 3Stone Advisors LLC ‰¥ã who will share their rationale, methodology and best investment ideas.‰¥ÿ

George Kast, CEO stated, ‰¥þGWT is pleased to join other sponsors such as Merrill Corporation, and water industry professionals to discuss investment opportunities in this growing market. GWT is strategically positioned with our leading technologies and unique service models to capitalize on the momentum we have in niche water markets.‰¥ÿ This will be a good forum for us to highlight our strategy to companies who are specifically targeting investment opportunities in the world‰¥ús most precious resource.

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May 16, 2006 - Global Water Technologies Subsidiary Completes Coal Bed Natural Gas Produced Water Testing
Global Water Technologies, Inc., (‰¥þGWT‰¥ÿ) a technology driven water purification and services provider to the $300 billion water industry, announced that its subsidiary, Watergy Produced Water Solutions, Inc. (‰¥þWatergy‰¥ÿ) had recently completed successful testing of its Coal Bed Natural Gas (‰¥þCBNG‰¥ÿ) Ion Exchange water treatment process for the treatment of oil and gas produced waters.

Watergy䴜s testing was conducted in collaboration with a major Exploration and Production company in the Powder River Basin of Wyoming. These independent laboratory tests included sampling for Sodium Absorption Ratio (SAR), Electrical Conductivity (EC) and Whole Effluent Toxicity (WET). In all cases, Watergy䴜s CBNG treatment process demonstrated its ability to meet Wyoming Department of Environmental Quality discharge standards.

George Kast, CEO stated, ‰¥þWe are extremely pleased with these affirmative test results. This confirms that our treatment process will provide a cost effective solution for the trillions of gallons of water that will be generated from CBNG exploration in the Rocky Mountain Region and worldwide. Our technology offering combined with our favorable pricing structure, will enable Watergy to quickly capture market share in this rapidly growing water treatment market.‰¥ÿ

Watergy will launch its CBNG marketing campaign at the upcoming Coal Bed Methane Gas Fair to be held in Gillette, Wyoming June 2nd & 3rd.

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April 19, 2006 - GWT To Demonstrate Technology To Reduce Agricultural Water Use
GWT announced today that its subsidiary, Electric H20, Inc. has received an order to supply its patented ED2000 Electronic Water Treatment System to improve the efficiency of agricultural water use.

U.S. agricultural water use constitutes 141 billion gallons of water per day, second only to Industrial water use, which is 336 billion gallons of water per day. The Electro-Physical pre-treatment of the irrigation water with the ED2000 System will facilitate more efficient absorption and water use by the plants and soils through the controlled precipitation of minerals resulting in the reduction of the amount of water required during the irrigation season. Additionally, the irrigation system will be less susceptible to fouling, achieving a more even distribution of the water throughout the field.

George Kast, Chairman and CEO, stated, ‰¥þAvailability and cost of irrigation water is a very serious and growing issue, which is threatening the livelihood of many farmers and ranchers in the Western States. GWT is looking forward to demonstrating our patented technology in this market. We have proven results with our ED2000 System in the HVAC cooling water markets with over 100 installations around the world realizing energy and water savings through controlled precipitation of minerals in the water. The agricultural market provides for a new and significant opportunity and we believe this is a good application of our technology.‰¥ÿ

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March 15, 2006 - GWT Announces Management Appointment
GWT announced today the appointment of Mr. Rana S. Gill C.A. as Senior Vice\r\nPresident, Corporate Finance of GWTR.\r\n

\r\nMr. Gill will focus his efforts on financing activities, as well as\r\nidentifying strategic opportunities for positioning GWTR for continued growth\r\nand profitability. Prior to joining, Mr. Gill was a co-founder of Colorado\r\nbased RxKinetix, Inc. a specialty pharmaceutical company where he was\r\ninstrumental in strategic planning, raising capital and building company\r\ninfrastructure. His 20 years of management and financing experience also\r\nincludes serving as Vice President and CFO of American Sensors, Inc., a\r\nmanufacturer of carbon monoxide and smoke detectors, where he orchestrated an\r\nIPO, an acquisition and several other financial offerings.\r\n

\r\nIn addition, Mr. Gill has served in various management capacities at\r\nPilkington Barnes Hind, Glemby International, Coopers & Lybrand, and General\r\nElectric. Mr. Gill is a Chartered Accountant, has completed the Financial\r\nManagement Program at General Electric and has a degree in Commerce from the\r\nUniversity of Toronto.\r\n

\r\nGeorge Kast, CEO stated, "We are very pleased with the appointment of Mr.\r\nGill. This addition will allow GWTR to accelerate the execution of its\r\nbusiness plan which encompasses raising capital, building infrastructure and\r\npositioning the organization to capitalize on its market opportunities."\r\n

\r\nMr. Gill stated, "I am excited about joining Global Water Technologies\r\nInc. Its development and implementation of innovative technologies to\r\ncost-effectively treat water while meeting environmental and government\r\nstandards is commendable."

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November 10, 2004 - GWT Authorizes Shares to Launch Growth Strategy
GWT (OTC:GWTR), a technology driven water purification and services provider to the $300 billion water industry, today announced that it had increased its authorized shares to facilitate its short-term and long-term growth strategy.

George Kast, Chairman and CEO stated, ‰¥þIncreasing the authorized shares was required to implement our strategic plan. This plan includes securing additional capital and consummating targeted acquisitions that will enhance our comprehensive water management programs. The water industry provides a tremendous investment opportunity and our proprietary technologies and business models address the industrial, municipal and commercial water markets, which represent the greatest growth opportunities in the water industry. Water is poised to become one of the most significant investment opportunities of this decade.‰¥ÿ

This action will increase the authorized shares from 25 million to 250 million.

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July 21, 2004 - GWT Announces Change in Trading Symbol
GWT (OTC:GWTR) stated that the Company䴜s securities now trade under the symbol GWTR. Previously, the Company䴜s securities had traded under the symbol GWTRQ, designating that the Company had been in chapter 11 bankruptcy. Due to our emergence from bankruptcy, the symbol reverts to GWTR. The Company䴜s securities are traded on the OTC under the symbol GWTR.

The Company further clarified that the bankruptcy proceedings did not affect its securities or shareholder䴜s interests in their securities.

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July 8, 2004 - GWT Emerges From Chapter 11 Bankruptcy
Global Water Technologies, Inc., (OTCPK:GWTRQ) a full-service water treatment and purification company, today announced that its plan of reorganization has been confirmed by the US Bankruptcy Court.

George Kast, Chairman and CEO stated, ‰¥þWe are delighted that these proceedings have concluded favorably. We will now move forward with the recovery efforts and the significant opportunities we have developed in one of the world‰¥ús largest markets ‰¥ã the water industry. Our past successes and proprietary technologies position GWT to become one of the world‰¥ús leading water purification and services companies. The partnerships we have solidified during the past 12 months will enhance our product offerings, increase our distribution channels and accelerate our growth.‰¥ÿ

The worlds thirst for purified water continues to grow while the world‰¥ús supply of fresh water is diminishing.‰¥ÿ

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May 15, 2003 - GWT Files for Chapter 11 Reorganization
GWT today announced that it had filed for Chapter 11 reorganization under the Federal Bankruptcy code. \n\nGWT filed for reorganization following the recent transaction with Camden Holdings, Inc. of Beverly Hills, CA, whereby through its President, Mark Anderson, Camden acquired the stock, assets and assumed all liabilities of former GWT subsidiaries, as well as all liabilities of GWT. Under the terms of the agreement, Camden represented it had the financial resources to fulfill its commitments, including the purchase price obligations and indemnified GWT against the assumed liabilities and their associated costs.\n\nAs part of its reorganization, GWT will seek enforcement of its rights under the agreement from Camden and its representatives, including payment of the assumed obligations and indemnification of GWT.\n

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February 17, 2003 - GWT Announces Sale of its Operating Subsidiaries
GWT today announced that it had consummated a transaction with Camden Holdings, Inc. a private investment banking firm based in Beverly Hills, California, to acquire its three wholly owned subsidiaries: Psychrometric Systems, Inc. (PSI); Global Water Services, Inc. (GWS) and Applied Water Technologies, Inc. (AWT).\n\nUnder the terms of the transaction, Camden Holdings, Inc. acquired the stock, assets and liabilities of the subsidiaries, along with certain assets and liabilities of Global Water Technologies, Inc (GWT). \n\nFollowing this transaction, GWT is exploring its future options, including discussions with possible merger candidates.\n

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April 9, 2002 - GWT Announces 70.5% Increase in Revenues and a $2.4 Million Improvement in Earnings for 2001
GWT today announced financial results for the fourth quarter and year ended December 31, 2001.

Revenues for 2001 grew to a record $85.6 million, as compared to revenues of $50.2 million in 2000. Operating income for 2001 improved by $4.7 million, resulting from implementation of management䴜s cost controls and improving market conditions. Net income for 2001 was $260,064, or $0.043 per share, versus a net loss of $2,165,063, or $(0.372) per share, in 2000. Backlog, as of December 31, 2001 increased 61.3% to $55.3 million, as compared to December 31, 2000.

Results for the fourth quarter ended December 31, 2001 reflect record fourth quarter revenues of $30.4 million, a 127.8% increase over the prior period. Net income was $236,990 or $0.039 per share, as compared to a net loss of $482,794, or $(0.08) per share, in the fourth quarter of 2000.

Commenting on the results, George Kast, Chairman and CEO stated, ‰¥þOur results for 2001 showed significant growth and improvement over 2000. Our backlog is at a record level entering 2002, which provides for a solid foundation for the coming year. Our core cooling tower business segment continues to generate strong revenue growth In addition, we are also seeing significant interest in our proprietary non-chemical water treatment system and service, which we have been investing in and should see favorable results in the coming year.‰¥ÿ

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February 14, 2002 - GWT Announces New Board Member
GWT today announced the election of Mr. Thomas M. Matthews to its Board of Directors during its February 11, 2002 board meeting.

Mr. Matthews was previously CEO of Avista Corporation, where he lead the company䴜s external growth strategy, as well as the continued expansion of its electric and gas utility operations. Prior to Avista Corp., Mr. Matthews served as the President of Dynegy. He was responsible for oversight of Dynegy䴜s worldwide operations and their corporate merger and acquisition activities. Mr. Matthews was also previously Vice President of Texaco, Inc., President of Texaco䴜s Global Gas and Power Division, as well as President of Texaco Refining and Marketing, Inc.

Mr. Matthews has served on numerous boards, including the Washington CEO Roundtable, Environmental Power Corporation and the Nature Conservancy of Idaho.

Commenting on this appointment, George Kast, Chairman and CEO stated, ‰¥þTom is a great addition to our current Board. His operational experience in multifaceted, multinational entities, coupled with the finance and water industry background of our other board members, will help lead the company into its next phase, especially as we implement our acquisition growth strategy.

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February 7, 2002 - GWT Engages Raymond James for Acquisition Investment Banking Services
GWT today announced that it had engaged Raymond James and Associates, Inc. to provide analysis, valuation, structuring and financing of GWT䴜s prospective acquisitions.

Commenting on the engagement, George Kast, Chairman and CEO stated, ‰¥þWe are very pleased to be working with Raymond James. Their global experience in mergers and acquisitions, coupled with their ability to finance these transactions will enable us to attract synergistic companies that will help facilitate our external growth strategy. The growing global demands for water purification, reuse and preservation, has created a tremendous opportunity for our water platform. Combining our proprietary technologies and innovative solutions with other synergistic companies will accelerate our establishment as a global market leader in the industrial water treatment arena. The successful implementation of the Company‰¥ús external growth strategy, coupled with the growth of our existing businesses, should result in significant long-term shareholder value.‰¥ÿ

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January 24, 2002 - Global Water Technologies Announces Management Appointments
GWT today announced the appointment of Mr. Steven B. Rash as President of Global Water Technologies, Inc., Mr. Chad Moller as Director of Finance and Accounting for GWT, and Mr. Ron Bernard as the Senior Vice President of Applied Water Technologies, Inc. (AWT). \r
\r
Following 10 months of consulting services to the Company, Mr. Rash joins GWT as its President and will focus his efforts on investment banking activities, as well as identifying strategic opportunities consistent with positioning the Company for continued growth and profitability. Mr. Rash brings to the Company more than 20 years of business and management experience that encompasses a variety of multi-national manufacturing and service industries with particular emphasis in all phases of domestic and international operations management, including P & L accountability. Mr. Rash has previously held senior management positions with Fortune 500 Companies, including General Foods, Carborundum Corporation, and BOC Group, as well as executive positions with small- and mid-cap companies, whereby he was directly involved in pre-IPO start-ups, corporate turnarounds, reorganizations, mergers and acquisitions, business consolidations, and corporate finance. In addition to his role as President of GWT, Mr. Rash will also serve as acting Chief Financial Officer until the Company appoints a new CFO following Mr. Martin Hout's return to the position of Controller. Mr. Rash holds a BS in Business Administration from the University of Delaware and an MBA from Southern Illinois University. \r
\r
Mr. Moller recently joined GWT as Director of Finance and Accounting. He brings 10 years of finance and accounting experience to GWT, with much of that background in early-stage companies in high-growth industries. In addition, he has helped lead two Initial Public Offerings, two high-yield public debt offerings, and numerous private equity placements. Mr. Moller has managed entire accounting and finance organizations in his past, as well as leading the financial due diligence process for multiple mergers and acquisitions, preparing financial business plans, forecasting, and financial analysis. Mr. Moller was previously the Vice President of Finance and Corporate Controller at Relera, Inc. in Denver, Colo. Mr. Moller holds a Bachelor's degree in Accounting and Business Administration from Dakota Wesleyan University, and is a member of the Institute of Management Accountants. \r
\r
Mr. Bernard joined GWT in September 2001 as Senior Vice President and General Manager of our subsidiary, Applied Water Technologies, Inc. Mr. Bernard brings 20-plus years of chemical and equipment water treatment experience to AWT. With a BSChE from New Jersey Institute of Technology, Mr. Bernard has held various sales, marketing and business unit management positions with Nalco Chemical Company, Calgon Corporation and HW Process Technologies, Inc. Mr. Bernard's management of Calgon Corporation's middle-market Chemical Technologies Group business unit offers AWT national exposure to HVAC and light industrial customer applications, while providing the focus and leadership to drive the commercialization of AWT's AquaPhysics(TM) Non-Chemical Cooling Water Treatment Program. \r
\r
Commenting on these appointments, George Kast, Chairman and CEO, stated: ``I am extremely pleased with the strategic talent that has joined our management team. Their expertise, coupled with our existing management team, will enable the Company to capitalize on the opportunities that we have created, resulting in continued growth and prosperity to the benefit of all our shareholders.'' \r

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January 8, 2002 - GWT Files Patent Application for Water Treatment System
GWT today announced that it had filed a patent application for its proprietary AquaPhysics‰³¢ non-chemical cooling water treatment system. The AquaPhysics‰³¢ system incorporates proprietary technology that replaces traditional chemical water treatment with an environmentally sound non-chemical treatment system. The system is being marketed primarily to HVAC and Light Industrial customers worldwide, through Applied Water Technologies, Inc. (AWT), a wholly owned subsidiary of GWT.

Benefits attained through the implementation of the AquaPhysics‰³¢ program are: elimination of cooling water treatment chemicals, reductions in energy consumption, as well as decreases in makeup water consumption and tower water discharge. Additional benefits can be attained and quantified from reduced liability associated with improvements in material handling, safety and health related issues. The AquaPhysics‰³¢ program incorporates equipment, service, and 24 hour remote monitoring and system control resulting in more efficient cooling system performance.

Commenting on the patent application, George Kast, Chairman and CEO stated, ‰¥þWe are pleased that our laboratory and field testing of the AquaPhysics‰³¢ water treatment system has demonstrated extremely positive results in achieving superior water quality, while reducing water usage, hazardous discharge, and other risks associated with chemical water treatment. Many municipalities are mandating the reduction of hazardous chemicals that can be discharged to public treatment facilities and have increased the discharge cost associated with handling these constituents. Increasing water and energy costs makes the AquaPhysics‰³¢ systems very attractive to governmental, institutional, and commercial building owners as well as light industrial (automotive, pharmaceutical, high-tech, & general manufacturing) facilities managers. Our AquaPhysics‰³¢ program addresses the growing demand for ‰¥þgreen facilities‰¥ÿ that conserve resources and are environmentally responsible. We believe our proprietary AquaPhysics‰³¢ program addresses the needs of this segment of the estimated $500 billion global water treatment industry and is synergistic to our core business.‰¥ÿ

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December 20, 2001 - GWT Cites Independent Report Forecasting Worldwide Industrial Cooling Tower Market Will Grow to $3.6 Billion by 2006
GWT today announced that The McIlvaine Company of Northbrook, IL had recently published a 2000 page report, forecasting that worldwide industrial cooling tower sales will exceed $3.6 billion in 2006, which is a 20% increase over 2001.

According to the McIlvaine report, other areas showing growth include the cooling water treatment market, which is a direct result of new water cooling tower installations.

Commenting on the report, George Kast, Chairman and CEO stated, ‰¥þThe McIlvaine report confirms our projections for growth in the cooling tower markets. Our Psychrometric Systems, Inc. (PSI) subsidiary, which was mentioned in the report as a major supplier in this market, is well positioned to take advantage of this growing segment. A growing demand for water cooling towers will also provide additional opportunities for our Applied Water Technologies, Inc. (AWT) subsidiary which provides an environmentally sound cooling water treatment service program.‰¥ÿ

Psychrometric Systems䴜 products thermally treat over 10 billion gallons of water per day in 24 countries.

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November 14, 2001 - GWT Announces 106% Increase in Revenues & Record Backlog for Third Quarter
GWT today announced results for the third quarter ending September 30, 2001. Revenues for the third quarter were $18.1 million, as compared to revenues of $8.7 million in 2000. Operating income for the third quarter of 2001 improved by $1.5 million, resulting from implementation of management's cost controls and improving market conditions. Net income for the third quarter was $158,037 versus a net loss of $891,966 in 2000. EPS for the third quarter of 2001 was $0.026. Backlog, as of September 30, 2001, increased 143% to $83.3 million, as compared to December 31, 2000. Results for the nine months ended September 30, 2001, reflect revenues of $55.3 million, a 49.8% increase over the prior period accompanied by a $2.6 million improvement in operating income. \r
Commenting on the results, George Kast, President and CEO, stated: "Third-quarter results reflect a significant improvement over last year. Based upon our current backlog, we anticipate substantial revenue growth and profit improvement in the coming quarters. New contract awards continued strong through the third quarter, further increasing backlog to record levels and enhancing our growth outlook. Fourth-quarter revenues are expected to exceed third quarter, and first-quarter 2002 revenues are projected to show a substantial increase over first-quarter 2001.'' \r

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November 13, 2001 - GWT Issues Corrective Press Release
GWT today announced corrections and clarifications to two press releases issued by GWTR on June 26, 2001, and September 19, 2001, and to certain information concerning the Company presented on www.ingenuity.com, www.joeystockmarket.com, and, potentially, other websites not maintained or monitored by the Company. \r
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These corrections are intended to clarify and correct the statements made by the Company in its press releases and in information that was presented on the listed websites as follows: \r
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  • On June 26, 2001, GWTR announced that it had been awarded $30 million in new power contracts. It has been brought to GWTR's attention that the language of the release could have been read to imply that, as of June 26, 2001, the Company's backlog was $66 million. The Company did not compute a backlog amount as of June 26, 2001; however, as of June 30, 2001, the Company's backlog was $59.2 million, a figure which was announced in the Company's press release dated August 16, 2001. \r
  • On September 19, 2001, GWTR announced that it had pledged to New York's Mayor Rudolph Giuliani, the New York Port Authority and Silverstein Properties to supply the required cooling tower equipment for the proposed replacement of the World Trade Center (WTC) Twin Towers. The Company's use of the word "pledge'' in the press release was not intended to imply that GWTR has any current relationship with these parties. As of September 19, 2001, the decision had not yet been made whether to rebuild the WTC or devote the site to another use. However, in the event the decision is made to rebuild the WTC, GWTR has offered to donate the cooling tower equipment for the WTC Towers. The letter to Silverstein Properties was not delivered until November 13, 2001. \r
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Certain information concerning GWTR that was presented on the websites mentioned above and possibly other websites, which may have linked to these sites, is inaccurate. Specifically: \r
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  • The statement that GWTR is "on track to hit $75 million in revenues this year (2001) and expect(s) to surpass $150 million in revenues next year (in 2002)'' has no basis in fact. Further, GWTR has not publicly announced any projections of its revenues for 2001 and 2002. \r
  • GWTR did not have a backlog of $66 million as of June 26, 2001. Its backlog as of June 30, 2001, as stated in its 10-Q for the second quarter, was $59.2 million. \r
  • The Company did not, during the summer of 2001, and does not now, "financially qualify for a NASDAQ listing,'' and GWTR has no plans to submit its application to NASDAQ for listing. As announced in its press release dated August 9, 2001, the Company has applied for listing on the American Stock Exchange. This application is still pending. \r
  • The reference to there being 38,000 power plants is incorrect. The Company believes there to be 3,800 power plants in the United States.\r

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September 19, 2001 - GWT Pledges Water System for World Trade Center Rebuild
Global Water Technologies, Inc., (GWT) a full-service cooling water treatment company utilizing advanced technologies and engineered solutions to provide process cooling water to power plants, process industries and municipalities worldwide, today announced that it has pledged to New York䴜s Mayor Rudolph Giuliani, the New York Port Authority, and Silverstein Properties to supply the required water cooling tower for the proposed replacement of the World Trade Center (WTC) Twin Towers.

Commenting on this, George Kast, President and CEO stated, ‰¥þAll employees and suppliers of GWT are very saddened and disheartened by the recent tragic acts of terrorism on the WTC & Pentagon. If the decision is made to replace the WTC, we are prepared to do our part in rebuilding these towers, historically a symbol of financial strength and stability for the United States and the world. Cooling water is essential to the operation of the WTC and all large commercial structures, as it is integral to the HVAC system which is used to cool large scale computers housed within the building, as well as provide comfort cooling for all tenants.‰¥ÿ

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September 17, 2001 - MarketDD.com Interviews President & CEO of GWT
Global Water Technologies, Inc., a full-service cooling water company utilizing advanced technologies and engineered solutions to provide process cooling water to power plants, process industry and municipalities, worldwide, today announced that George A. Kast, President and CEO was recently interviewed by Marketdd.com. The audio interview can be accessed free of charge at http://www.marketdd.com.

"Global Water Technologies is focused on helping industry, the world䴜s second largest water user, make water work harder in their facilities." said Mr. Kast during the interview. "The world is waking up to the 䴝value䴜 of water and we are focused on cooling water systems that are more efficient, reliable and environmentally sound.

‰¥þIn the wake of last week‰¥ús tragic events, there has been a renewed focus on natural resources and water is the most precious of all.‰¥ÿ Further, Mr. Kast stated that all of the employees at GWT are saddened by the tremendous loss suffered by so many by the acts of so few.

During the interview, when asked about the possible move to the AMEX, Mr. Kast replied: "In order to continue to create shareholder value and further the exposure of our securities in the public market, we felt it would be beneficial to all of our shareholders to have our securities listed on a national exchange. This will enable us to attract additional institutional investors and money managers who are restricted from investing in OTC companies."

To hear the entire interview, visit http://www.marketdd.com

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September 10, 2001 - GWT Achieves $100 Million Milestone
Global Water Technologies, Inc., (GWT) a full-service cooling water treatment company utilizing advanced technologies and engineered solutions to provide process cooling water to power plants, process industries and municipalities, worldwide, today announced that its Psychrometric Systems, Inc. (PSI) subsidiary has been awarded over $100 million in contracts this year. When completed, these facilities will supply cooling water to the electric power industry and process industries worldwide.

Commenting on this milestone, George Kast, President and CEO stated, ‰¥þThis is truly a milestone and a significant achievement for GWT. We have already exceeded last year‰¥ús awarded contracts (bookings) by over 49% with 4 months remaining this fiscal year. Our backlog has reached record levels and our bookings forecast remains strong. Industry, the world‰¥ús second largest water user, is realizing the value of water in their facilities and GWT is well positioned to capitalize on these market opportunities. A substantial portion of the revenues and profits associated with these contracts will be recognized in future quarters, which will have a positive impact on earnings going forward.‰¥ÿ

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August 16, 2001 - GWT Announces 46% Increase in Revenues & Record Backlog
Global Water Technologies, Inc., (GWT) a full-service cooling water treatment company utilizing advanced technologies and engineered solutions to provide process cooling water to power plants, process industries and municipalities, worldwide, today announced results for the second quarter and six months ending June 30, 2001.

Revenues for the second quarter were $20.3 million, as compared to revenues of $13.9 million in 2000. Revenues for the first six months increased 32% to $37.2 million, as compared to $28.1 million for the same period in 2000. Operating income for the second quarter and the first six months of 2001 improved by $846,793 and $1,039,950 respectively, resulting from implementation of management䴜s cost controls and improving market conditions. Backlog increased to $59.2 million, a 73% increase over December 31, 2000.

Commenting on the results, George Kast, President and CEO stated, ‰¥þSecond quarter results reflect a significant improvement over last year. Based upon our current backlog, we anticipate strong revenue growth and bottom line improvement in the coming quarters. New contracts continued strong through the second quarter and into the third quarter, further increasing backlog to record levels.‰¥ÿ

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August 9, 2001 - GWT Applies for American Stock Exchange Listing
GWT announced today that it has submitted its application for listing on the American Stock Exchange. The Company䴜s stock currently trades on the OCTBB under the symbol GWTR.

Commenting on the news, Mr. George Kast, President and Chief Executive Officer stated, ‰¥þWe are continuing to move the company forward and this is another milestone that should increase the awareness and exposure of our company‰¥ús securities to a broader market place. This will enable us to attract institutional and other equity investors who usually do not invest in securities on the OTC exchange, or who cannot invest in companies unless they are listed on a National Exchange. If our application is accepted, we look forward to being associated with other leading firms who trade on the American Stock Exchange and continue to create shareholder value.‰¥ÿ

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July 31, 2001 - GWT Achieves Water Treatment Milestone
GWT today announced that it had achieved a significant milestone through the recent installation and start-up of a water cooling system supplied by GWT to General Electric (NYSE:GE) for a Calpine Corporation (NYSE: CPN) power plant in Maine.

At the completion of this installation, GWT is thermally treating over 18 billion gallons of water per day in 24 countries through its proprietary cooling water technology and equipment. Additionally, this latest installation was independently tested and confirmed an efficiency rating of over 106%. Efficiency of cooling water is an important element in over all power production and plant efficiency.

Commenting on these achievements, George Kast, President and CEO stated, ‰¥þI believe this demonstrates the significant market and the essential role that cooling water plays in all industries. We are a major component of the water market and we continue to assist companies in their quest to utilize water more efficiently in their facilities, thereby reducing manufacturing costs, water usage and discharge. Industry represents one of the largest water markets and GWT is well positioned to partner with them and capitalize on this growing segment.‰¥ÿ

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June 28, 2001 - GWT Subsidiary Receives York International Contract to Supply Water Treatment System
GWT today announced the election of two new independent Directors to its Board during the annual shareholder䴜s meeting June 27, 2001. These two new Directors are Mr. G. Edward Powell and Mr. Damian C. Georgino.

Mr. Powell was previously with PricewaterhouseCoopers, an international accounting and consulting firm. During his 35-year tenure, he was directly involved in a wide variety of both publicly and privately owned business enterprises in various industries. He was appointed to the position of managing partner of the Houston office in 1982 and retained that position until his retirement in 1994. Additionally, he organized and managed the firm‰¥ús NAFTA Business Center in Houston, the focal point for all PricewaterhouseCoopers client interaction with Mexican investment activities. Since his retirement, Mr. Powell has become associated with several emerging and middle market businesses, both privately and publicly owand process industries worldwide, today announced its wholly owned subsidiary, Applied Water Technologies, Inc. (AWT) has signed an agreement with YORK International Corporation (NYSE: YRK) to provide its proprietary AquaPhysics‰³¢ cooling water treatment technology and services through York for a Hilton Hotel (NYSE: HLT).

YORK International is the largest independent supplier of heating, ventilating, air conditioning and refrigeration (HVAC&R) equipment in the United States and a leading competitor in the industry internationally. The company䴜s products are sold in over 120 countries and York has approximately 24,400 employees worldwide. In addition, YORK International provides outsourcing of service and maintenance contracts for many facilities where HVAC&R equipment is utilized.

Commenting on the contract, George Kast, President and CEO stated, ‰¥þWe are very pleased to work with and support York on this project. York‰¥ús reputation as a leader and innovator in the industry, combined with it‰¥ús ongoing service and maintenance programs, provides AWT an excellent platform for future sales of the AquaPhysics‰³¢ cooling water treatment system. Additionally, the AWT program incorporates a technology currently being used by York to enhance chiller performance and energy efficiency through the reduction and prevention of scale build-up. There are over 500,000 HVAC cooling water systems in operation today that require treatment. AWT‰¥ús AquaPhysics‰³¢ system is providing this market with an environmentally sound means of cooling water treatment, while reducing water and energy usage."

Ned Hebert, District Service Manager for YORK International stated, ‰¥þThe AWT AquaPhysics‰³¢ program provides a tremendous value to the service we offer to our customers. The online monitoring feature of this program is of significant value in maximizing the cooling water system performance.‰¥ÿ

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June 26, 2001 - GWT subsidiary Awarded an Additional $30 Million in New Power Plant Contracts
GWT announced that its Psychrometric Systems, Inc. (PSI) subsidiary has been awarded an additional $30 million in power contracts.

PSI is a leading supplier of innovative water cooling towers that supply the vital cooling water to power plants worldwide. These new contracts were awarded by General Electric (NYSE: GE), as well as two other major corporations. Under these contracts, PSI will supply water cooling towers to power plants in 8 states, and these projects will be completed in 2001/2002.

Commenting on these additional contracts, George Kast, President and CEO stated, ‰¥þThis is another example of how crucial cooling water is to the power industry. The power industry simply cannot produce power without cooling systems. The demand for our products and services has surged tremendously due to the need for new and more efficient power capacity. These new contracts added to our record backlog of over $36 million at the end of the 1st Quarter, demonstrates our ability to capitalize on this exploding market, along with other leading companies, such as Global Power Equipment (NYSE: GEG) who also supply to the power industry.‰¥ÿ

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June 21, 2001 - GWT Retains Equity Growth & Management Corp. to Advise on Strategic Expansion Opportunities to Enhance Shareholder Value
GWT today announced that it has retained the services of Equity Growth & Management Corp. a financial consulting firm based in Lake Mary, Florida to assist the Company in the implementation of its strategic expansion plan, increasing market share and enhancement of shareholder value. Equity Growth & Management Corp. is a consulting firm specializing in Investment Banking, Corporate Finance, Mergers & Acquisitions and Public Relations for publicly traded companies.

In an interview, Thomas E. Waite President of Equity Growth & Management Corp. stated, ‰¥þWith the new administration‰¥ús announced plans to establish a National Energy Policy, we have been diligently searching for clients in the power, energy and utility sector and believe we have found a crown jewel in GWTR. He further stated, ‰¥þI feel confident that GWTR is poised to accelerate its growth due to increasing demand for new power and energy resources globally. George Kast, President and CEO of GWTR stated, ‰¥þWe have been interviewing financial consulting firms for the past few months and we are confident that our decision to retain Equity Growth & Management Corp. will prove to be a valuable asset to our company, as well as to our shareholders. Mr. Waite brings years of valuable experience to our organization and we look forward to working with him.‰¥ÿ Kast further stated, ‰¥þWe continue to assemble a world class team which has the experience and talent to implement our business strategy and we are preparing to accelerate our sales and marketing efforts to secure a substantial market share and capitalize on our competitive advantages‰¥ÿ.

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May 8, 2001 - Global Water Technologies Announces Record First-Quarter Results
GWT today announced its results from operations for the first quarter ended March 31, 2001. \r
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First-quarter 2001 revenues rose 18% to a record $16.9 million, as compared to revenues of $14.2 million for 2000. First-quarter operating income increased to $70,000 as compared to a loss of $(123,000) in 2000 and backlog increased to a record $36.2 million. \r
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Commenting on the results, George Kast, President and CEO, stated: ``First-quarter results, including record revenues and backlog, are all indicators of a positive trend forward. From our record 2000 year-end backlog, we have continued to capitalize on market opportunities in, among other industries, the electrical power market. Management is taking several steps to move forward with our business plan to become a significant player in the global water industry.''\r

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March 6, 2001 - GWT Subsidiary Announces FM Approval for a Revolutionary New Water Cooling Tower System
GWT today announced that its䴜 wholly owned subsidiary, Psychrometric Systems, Inc. (PSI) has received Factory Mutual (FM) approval of its fiberglass (FRP) cooling tower design. This proprietary cooling tower system, referred to as Model CFU-FM, is currently available to its customers worldwide.

Factory Mutual (FM) is an independent testing agency recognized worldwide by the insurance industry for approval of products that meet certain fire prevention criteria without the use of an external fire protection system. After several years of development, PSI believes that this design will revolutionize the power, commercial, municipal, and light industrial markets due to its unique design and cost affective attributes to its customers.

Commenting on the FM approval, George Kast, President and CEO stated, ‰¥þWe are pleased to be able to offer to our cooling system customers, our proprietary and environmentally friendly fiberglass FM approved tower. We believe this cooling tower design will result in cost savings to them by eliminating the need for a traditional fire protection system. Additionally, the fiberglass design offers a 30-year life span which is considerably longer than traditional structural material used in cooling water systems. We believe this will give us a competitive advantage in this market place, provide our customers with a valuable and cost effective alternative to expensive fire protection systems, and will result in additional revenues and profits for our shareholders.‰¥ÿ

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November 27, 2000 - GWT awarded additional $10 million in power industry contracts
Global Water Technologies, Inc. (OTCBB:GWTRD), a company utilizing advanced technologies and engineered solutions to provide process cooling water to industry and municipalities worldwide, today announced that its water cooling subsidiary, Psychrometric Systems, Inc. (PSI) has been awarded an additional $10 million in new contracts during the fourth quarter to supply its water cooling technology and services to its power industry customers. The projects are scheduled for delivery during the first and second quarters of 2001.

Commenting on the contracts, George Kast, President and CEO stated, ‰¥þWe are pleased to have been selected to supply the necessary cooling water at power plants throughout the US and abroad. Power plants cannot generate electricity without sufficient cooling capacity. The growing need for additional power worldwide has created a tremendous opportunity for us today and into the future. In particular, our innovative designs enable new and existing power plants to produce additional power more efficiently while reducing environmental impacts. Global Water Technologies recently co-sponsored Power Gen International, the largest power conference and exhibition in the world. Our products and services were well received by the power industry at this exhibition which we believe will continue to generate additional opportunities for all of our subsidiaries.‰¥ÿ

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October 20, 2000 - GWT Announces a Record $20 Million in New Contracts During 3rd Quarter
Global Water Technologies, Inc. (OTCBB:GWTRD), a company utilizing advanced technologies and engineered solutions to provide process cooling water to industry and municipalities, worldwide, today announced that it had received an additional $20 million in contracts during the 3rd Quarter.

Commenting on these new contracts, George Kast, President and CEO stated, ‰¥þWe are very pleased to have been selected by many different companies to supply our proprietary water cooling technology and water treatment services. New contracts for the first 3 quarters exceeded $45 million, and we are optimistic that the remainder of the year will continue to be strong. The majority of these new contracts will be delivered over the next 12 months, providing for significant current backlog. We continue to show progress in our 2 new subsidiaries, Applied Water Technologies, Inc. and Global Water Services, Inc. We believe the investment we have made in these business opportunities, which has had an impact on current earnings, will add significant revenue and profits for the future. These markets are substantially larger than our traditional cooling water business and together will combine to create additional opportunities over the next few quarters, as well as in the future.‰¥ÿ

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September 20, 2000 - GWT Signs Agreement to Provide Hospital with Cooling Water Treatment Technology and Services
GWT today announced its wholly owned subsidiary, Applied Water Technologies, Inc. (AWT) has signed a long-term agreement to provide its proprietary environmentally sound cooling water treatment technology and services to the University of Maryland Medical Center located in Baltimore, Maryland.

The University of Maryland Medical Center is a large academic health center that combines medical education, biomedical research, patient care, and community service. It is a major part of the University of Maryland Medical System, a regional, multi-hospital system of 1,900 beds and 9,000 employees. It operates in conjunction with the University of Maryland Medical School, the 5th oldest medical school in the United States. Under the 5-year agreement, the AWT program will service an 8,100 GPM cooling water system that will be expanding to approximately 12,000 GPM next year. AWT‰¥ús AquaPhysicsÌÛ treatment system components have been designed to allow for this expansion.

Commenting on the agreement, George Kast, President and CEO stated, ‰¥þWe are pleased to help support the university in their efforts to reduce hazardous chemical use, conserve water and energy, and enhance patient and employee safety within their facilities. Since our program addresses each of these issues while also providing expert operations and maintenance services, we anticipate growing interest from the entire hospital industry that includes over 13,000 hospitals nationwide. This is further confirmation of our business strategy and the investment we have been making in our two new business opportunities which we believe will have a significant impact on future revenues and profitability. ‰¥ÿ

‰¥þDuring the last 10 years, the technology that AWT utilizes for microbiological control in cooling water circuits has emerged as a leading method for controlling bacteria and the biofilm that harbors them in hospital water systems,‰¥ÿ explains Timothy Kast, VP Engineering, AWT. ‰¥þBacked by scientific research by independent experts, medical facilities have selected the technology employed by AWT in over 500 potable water systems to control bacteria, including Legionella pneumophila, which is responsible for Legionnaire‰¥ús disease. With AWT‰¥ús Cooling Water Management Program, hospitals, hotels and other property managers can now achieve this same level of control on their cooling water systems.‰¥ÿ

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August 28, 2000 - GWT Awarded $2.7 Million Contract to Supply Cooling Water System for Siberian Power Plant
GWT today announced that its wholly owned subsidiary, Psychrometric Systems, Inc. (PSI) was awarded a $2.7 million contract to supply two water cooling towers for the Mutnovsky Geothermal Power Plant, located in southern Siberia which is being financed by the European Development and Reconstruction Bank.

Commenting on the contract, George Kast, President and CEO stated, ‰¥þWe believe this will be the first of many projects that will be awarded to us from this region. The growing need for new power will require cooling water to operate these facilities. This project will supply power to several regions that historically did not have a reliable source of power.‰¥ÿ

The cooling water system supplied by PSI will cool 50,000 gallons of water per minute. PSI will supply its proprietary fiberglass structure that is designed to withstand the severe weather conditions encountered in this region. PSI is the world䴜s leader in FRP composite material utilized in water cooling towers.

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August 15, 2000 - GWT Announces Second Quarter and New Internet Site Results
GWT today announced its results from operations for the second quarter ending June 30, 2000, as well as results from its recently launched business to business internet site.

Gross profit from operations during the period was $1,383,301, as compared to $1,864,913 for the same period in 1999. Revenues for the second quarter were $13,895,793, as compared to revenues of $25,311,604 for the same period in 1999. Revenues for the first six months were $28,141,147, as compared to revenues of $39,340,475 for the same period in 1999.

Commenting on the results, George Kast, President and CEO stated, ‰¥þSecond quarter results reflect an improved gross profit margin due to our focus on more efficient delivery of our products. General selling expenses increased as a result of the investments we are making in our two new business opportunities, Applied Water Technologies, Inc. (AWT) and Global Water Services, Inc. (GWS). We believe this will result in substantial growth with long-term reoccurring revenue and profits. Additionally, we have invested in the Factory Mutual approval process for a water cooling tower line through our Psychrometric Systems, Inc. (PSI) subsidiary. This will open new market opportunities for this product line. Results from these investments should begin to be realized in the fourth quarter and first quarter of 2001. On-line activities and our ‰¥þCool‰¥ÿ software program will assist us in being more efficient and provide a more comprehensive offering to our customers.‰¥ÿ

Global Water䴜s recently launched business-to-business internet site has received a tremendous amount of response with on-line activity up more than 500 percent.

Commenting on the activity, George Kast stated, ‰¥þWe are very pleased with the response from our customers in providing them the most efficient and cost effective method of providing their water cooling needs. We have seen activity from around the world and see this as the future for attracting additional customers to us. We are the leaders in this market arena and very pleased with its overwhelming success.‰¥ÿ

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June 21, 2000 - GWT Subsidiary awarded $3 million water cooling contract
Global Water Technologies, Inc. (OTCBB:GWTR), a company utilizing advanced technologies and engineered solutions to provide process cooling water to industry and municipalities worldwide, today announced that its water cooling subsidiary, Psychrometric Systems, Inc. (PSI) has been awarded a $3 million contract to supply a water cooling tower for an approximate 800 megawatt power plant located in Sayreville, New Jersey.

The new plant is being built by Raytheon Engineers. Under the contract, PSI will supply a water cooling tower to cool approximately 200,000 gallons of water per minute, and is scheduled for completion in June of 2001.

Commenting on the contract, George Kast, President and CEO stated, ‰¥þWe look forward to working with Raytheon, as they are a leader in their industry. Cooling water is an essource through enhanced efficiency and re-use.‰¥ÿ

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June 6, 2000 - GWT Subsidiary Launches Internet Site for Business-to-Business E-Commerce
Global Water Technologies, Inc. (OTCBB:GWTR), a company utilizing advanced technologies and engineered solutions to provide process cooling water to industry and municipalities worldwide, today announced that its recently formed Global Water Services, Inc. (GWS) subsidiary has signed an agreement with Northwestern Steel and Wire (NWS) of Sterling, Illinois.

Under the agreement, GWS will supply over 30,000 gallons of cooling water per minute and will ensure a reliable source of cooling water for the new arc furnace. The structure of the agreement, believed to be the first of its kind in the industry, will allow NSW to utilize their capital and resources in other areas of their facility while GWS provides essential cooling water.

Commenting on the project, George Kast, President and CEO stated, ‰¥þ We are looking forward to working with Northwestern Steel and Wire to help maximize the efficiency of their plant with our long term cooling water supply service program. This demonstrates the desire by industry to employ a more efficient cooling water system. We are confident of the impact our program will have for industry, in general, one of the world‰¥ús largest water markets. In addition, industry will be attracted to the benefits provided by the GWS program to enhance their production, and their bottom line. Discussions with several other entities are underway who have expressed interest in our comprehensive long term cooling water program.‰¥ÿ

Chris Fiora, Vice President/General Manager of Northwestern Steel and Wire stated, ‰¥þThis is an important project in our plan to increase production and melt shop efficiency. GWS‰¥ú Performance Plus service program best meets oul Water Technologies, Inc. (OTCBB:GWTR), a company utilizing advanced technologies and engineered solutions to provide process cooling water to industry and municipalities, worldwide, today announced that its Global Water Services (GWS) subsidiary has recently added two regional vice presidents of business Development to roll out it‰¥ús innovative Performance Plus Cooling Water Service Program.

The Company announced that Mr. Nelson Horn and Mr. Mahendra Doshi have joined the Company and will both serve as Vice President of Business Development to further enhance the awareness of Global Water Services䴜 long-term cooling water service program, primarily to the power industry. Mr. Horn has more than 25 years of marketing experience within the power industry with Combustion Engineering and ABB Power Generation. Most recently, Mr. Horn was Global Account Director with ABB and has broad knowledge in power plant project development, design, and financing. Additionally, Mr. Horn has vast contacts throughout all areas of the power industry. During his tenure at ABB, he was also very involved with the development of environmental systems that reduce emissions from power plant operations. Mr. Doshi comes with more than 20 years of experience in cooling water systems for power plants. He was formerly Vice Presidenhis strategic move, George Kast, President and CEO, stated: ``This is the future for business-to-business purchasing of water cooling towers. Historically, a tremendous amount of time and money was being spent to specify, select, and purchase a water cooling system, in some cases up to 14 weeks. Our new site will simplify and substantially speed up the process, saving both time and money for our customers. Additionally, this site will make it easier for our customers to do business with us and should result in substantial new sales for our PSI division.''

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May 30, 2000 - Global Water Technologies Announces Stock Split
Global Water Technologies, Inc. (OTCBB:GWTR), a company utilizing advanced technologies and engineered solutions to provide process cooling water to industry and municipalities worldwide, announced today, that its Board of Directors has approved a reverse stock split of its common stock on the basis of 1 share for each 60 shares currently held. The reverse stock split, previously approved by shareholders, will become effectithe qualification steps necessary to apply for listing on the NASDAQ small-cap exchange. By converting 60 shares for 1 new share of Global Water Technologies, the stock should trade at prices that may result in more retail oriented broker dealers buying and selling our stock, thereby attracting other investors who are excited about GWTR‰¥ús opportunities, but would normally not invest in stocks that trade below certain thresholds. Additionally, institutional investors, typically limited to owning stocks listed greater than $5 per share, could now be attracted to Global Water Technologies as well. We anticipate that the reverse split, and ultimate listing on the NASDAQ small-cap market, may also help attract additional capital, which may be necessary to finance our ongoing growth strategies.‰¥ÿ

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April 3, 2000 - GWT Subsidiary Awarded Contract to Supply Environmentally Friendly Water Cooling Tower in Canada
Global Water Technologies, Inc. (OTCBB:GWTR), a company utilizing advanced technologies and engineered solutions to provide process cooling water to industry and municipalities worldwide, today announced that its water cooling subsidiary, Psychrometric Systems, Inc. (PSI) has been awarded a contract with Saskatchewan Power, a major utility in Western Canada. Under this contract, PSI will supply a composite structured water cooling tower for this utility, which will provide 20,000 gallons a minute of cooling water for the Shand Power Station. A composite structural tower was chosen primarily due to its longevity and the fact that it does not contain toxic preservative chemicals, such as chromates, which have been known to leech into ground water supplies.

Global Water Technologies, Inc. is the leader in providing non-leeching composite structures for water cooling towers worldwide. George Kast, President and CEO stated: ‰¥þWe are pleased to work with Saskatchewan Power in their effort to seek reliable, non-contaminating cooling water for their facility. Hazardous chemicals, used as a preservative in wood structure cooling towers, have been known to leech into the ground water, which can impact the environment and public health. These risks have recently been brought to the public‰¥ús attention in a major motion picture and several national documentaries, which addressed these impacts, including the contamination of drinking water. Global Water Technologies employs technologies that treat water without the utilization of toxic chemicals and we see many new opportunities for our products and services as industry and individuals realize the effects of chemicals leeching into our ground water.‰¥ÿ

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March 27, 2000 - GWT Subsidiary Signs Agreement With Nalco Industrial Outsourcing Company
Global Water Technologies, Inc. (OTCBB:GWTR), a company utilizing advanced technologies and engineered solutions to provide process cooling water to industry and municipalities worldwide, today announced that its wholly owned subsidiary, Psychrometric Systems, Inc. ("PSI''), signed a reciprocal marketing and development agreement with Nalco Industrial Outsourcing, a wholly owned subsidiary of Nalco Chemical Company of Naperville, Illinois. \r
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Nalco, the world's largest water treatment company, through its newly formed subsidiary, Nalco Industrial Outsourcing, will supply PSI's cooling towers with their water treatment equipment and services to outsource process cooling water to power plants, refineries and other industrial plants. Nalco has over 3,500 sales and service representatives worldwide. This will enable both entities to better serve all of their customers and provide for significant new sales opportunities. \r
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Commenting on the agreement, George Kast, President and CEO of Global Water Technologies, stated: "We are extremely pleased to work with Nalco. They have a tremendous sales and service organization, worldwide, which will enable us to provide a more comprehensive program to our customers. Industry is looking for ways to outsource their essential non-core businesses, and together we can provide an efficient cooling water service program. Nalco's expertise in the water treatment arena, combined with the technologies and capabilities of PSI, will be unmatched in the marketplace for bringing total cooling water solutions to the world's largest water users.''\r

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March 25, 1999 - Global Water Technologies, Inc. Reports Record Revenues and Earnings for 1999
Global Water Technologies, Inc. (OTCBB:GWTR), a full-service water management company utilizing advanced technologies and engineered solutions to provide process cooling water to industry and municipalities worldwide, today announced record operating results for the fourth quarter and year ended December 31, 1998. Revenue and operating income results for the three and twelve-month periods reflect significant growth over the prior year periods. Net income would have reflected a 72% growth over the prior year before effecting a change in accounting. Awarded contracts during 1998 exhibited a 119% increase over the prior year and yielded a record backlog of $27 million for the Company going into 1999.

For the year ended December 31, 1998, revenues jumped 86% to $34.7 million as compared with revenues of $18.7 million in the prior year. Operating income for the year rose 98% to $1,923,218 as compared with operating income of $970,754 in 1997. Net income for the year was $227,373, or $0.001 per basic and diluted share as compared with $570,982, or $0.002 per basic and diluted share in the prior year, on 294,251,063 and 270,014,801 weighted average common shares respectively.

The difference in net income for 1998 compared to 1997 is mainly the result of a board-approved change in accounting principle effected in the fourth quarter of 1998 and retroactive to January 1, 1998 which resulted in a one-time extraordinary charge to net income of $754,296, net of the related income tax effect of $593,119. Prior to the extraordinary item, net income for 1998 would have been $981,669, or $0.003 per basic and diluted share, reflecting a 72% growth in net income over the prior year.

For the fourth quarter December 31, 1998, revenues jumped 108% to $14.8 million as compared with revenues of $7.1 million in the prior year period. Operating income for the fourth quarter increased 105% to $1,979,261 as compared with operating income of $965,580 in the prior year period. After recognizing the above referenced change in accounting principle, amounts for the fourth quarter results ending December 31, 1998 are summarized on a pro-forma basis as if the change in accounting principle had been in effect from January 1, 1998. As such, net income for the quarter was $1,069,076 or $0.004 per basic and diluted share as compared with net income of $616,266, or $0.002 per basic and diluted share, in the fourth quarter a year ago on 294,854,250 and 293,425,000 weighted average common shares respectively.

Revenues for the year and fourth quarter were derived from project management services, sales of water cooling systems, and sales of spare parts and supplies to the Company䴜s customer base. Contracts awarded for the year and fourth quarter were $53.3 million and $27.5 million, respectively, an increase of 119% and 157% when compared to the $24.1 million and $10.7 million awarded in 1997. For the year and fourth quarter, international revenues comprised 15% and 7%, respectively, of total revenues compared to 20% and 27%, respectively, in the prior year periods. The decrease in percentage of the international business is due to the increased proportion of domestic business to total revenues.

Commenting on the Company䴜s record financial performance, George A. Kast, Chairman and CEO said, "We are very pleased with our continuing sales growth over the past two years and meeting our internal goals for 1998. This performance will allow us to expedite our plans to apply for a listing with the Nasdaq Small Cap Market later this year. Therefore, because of our increasing market presence, we determined it necessary to facilitate a change in accounting principle to better reflect our growth on a year-to-year basis." Explaining further, Kast continued, "Essentially, in the fourth quarter of 1998, we effected a change from a "project milestone" revenue recognition approach to the more traditional 䴝cost-to-cost䴜 accounting method. This change, retroactive to January 1, 1ent expansion in our cooling water business. I am very pleased with the prospects for our two new subsidiaries, Applied Water Technologies (AWT) and Global Water Services (GWS), and feel that they will contribute to our future growth and profitability. Water conservation and treatment methods are fast becoming a major concern to consumers, industry, and governmental regulators, and this heightened awareness should provide for additional opportunities for our clearly innovative technologies and services which are focused on environmentally sound water management.''

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March 3, 1999 - Financial communications firm, Magnum Financial Group, engaged by Global Water Technologies, Inc.
Global Water Technologies, Inc. (OTCBB: GWTR), a full-service water management company utilizing advanced technologies and engineered solutions to provide process cooling water to industry and municipalities worldwide, announced today its engagement of Los Angeles-based financial communications specialist, Magnum Financial Group, to broaden the Company䴜s audience within the investment community and financial media so as to generate interest and participation in the Company䴜s publicly traded securities.

In a concerted effort by management and Magnum Financial Group, the Company plans to broaden its prospective investment audience by stepping up communications with certain segments of the national media, trade publications, and financial media to develop followers for its water technology and management story. To increase exposure and leverage the vast reach of the Internet, management is researching and approaching Web sites that deal with the water industry, the environment, and water treatment technology where the Company can be profiled.

The primary focus of Magnum Financial Group is taking the Company䴜s investment opportunity directly to the retail brokerage and institutional communities with the objective of increasing investor awareness. Simultaneously, Magnum will be communicating with research analysts that track the water management, water treatment, and environmental technology sectors with the goal of encouraging their initiation of published research coverage on Global Water Technologies which will provide an independent analysis of the Company䴜s current and future market value. The analyst䴜s research report is reviewed by brokers, institutional fund managers, and individual investors.

Magnum䴜s communication programs are very financially-oriented and designed to get the client䴜s investment story to the specific audiences suited for the client䴜s story. News releases, fact sheets, corporate profiles, and presentations produced by the firm are structured to appeal to financial professionals at various sophistication levels. The firm䴜s approach is structured, disciplined and proven.

Commenting on the engagement, George A. Kast, President and CEO of the Company, remarked "Since early 1997 we began aligning ourselves with strategic partners and acquiring technologies to position the Company to meet changing industry needs. We have built a company that has demonstrated its ability to compete successfully in the global marketplace. To capitalize on this success and enable us to grow more rapidly, we became a publicly traded company in November 1997."

"Confident of our marketing abilities within the industry, we will now also focus on the issue of marketing our public corporation; and we have developed a multi-tiered plan to get our corporate story and investment opportunity out to the public. In engaging Magnum Financial, we have signaled the launch of this campaign. Magnum as a specialist firm was hired to bring our stock price and resulting market capitalization in line with our current and forecasted financial performance as well as assisting in structuring the Company for listing on the NASDAQ Small Cap Market" Kast continued.

Magnum Financial principal, Steven B. Johnson, offered, "We are very pleased to have been selected to represent Global Water Technologies and are certainly privileged to have the opportunity to work with management over the next year. As we too are selective in whom we represent, we feel Global Water Technologies is a truly superb organization in an industry that will soon command the attention of the entire world. Water is a precious resource-both to consumers and industry. The Company has wisely positioned itself to capitalize on three key segments of the water industry which are now becoming increasingly important and alarming to government and industry alike-cooling water for industry䴜s engines and massive processing equipment, environmentally-safe water purification and reclamation, and residential water service."

"Aside from being well positioned, the Company has very sound fundamentals and impressive financial performance. Based on historical financial results, estimated 1998 results, and management䴜s internal forecasts for 1999, we are of the opinion that the Company䴜s stock is significantly undervalued at today䴜s price levels." added Johnson. "We are certain that a more fair market value that better represents the past performance and future potential of the Company can be attained in the near term."

ABOUT MAGNUM FINANCIAL GROUP

Los Angeles-based Magnum Financial Group LLC, is a financial communications, corporate development, and financial advisory firm representing public companies with smaller market capitalizations as well as those companies planning to become public. Magnum is well recognized for its knowledge of the capital markets, communications strategies, and substantial contacts in the investment community.

ABOUT GLOBAL WATER TECHNOLOGIES

Global Water Technologies, headquartered in Golden, Colorado, is a full-service water management company utilizing advanced technologies and engineered solutions to provide process water to industry and municipalities worldwide. Psychrometric Systems, Inc. (PSI), a wholly owned subsidiary, is an engineering and construction management firm which designs and builds industrial process cooling water systems. Applied Water Technologies, Inc. (AWT), another subsidiary, is a manufacturer of proprietary non-chemical water treatment systems for environmentally sound water purification and reclamation.

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January 19, 1999 - GWT/PSI Announce Personnel Changes
Global Water Technologies, Inc. (OTCBB-GWTR) announced today that Gary Brown has been named as the new president of Psychrometric Systems, Inc. (PSI). PSI is the main operating subsidiary of Global Water Technologies, Inc. (GWTR). Mr. Brown will be replacing George Kast and has been with the company since 1996 as PSI's Chief Operating Officer and General Counsel. Mr. Brown has a Juris Doctorate (J.D.) from Washburn University and prior to coming to PSI was the General Counsel for Fischbach Corporation, an AIG subsidiary specializing in mechanical contracting. Mr. Brown will also serve on the Board of Directors for GWTR and PSI and will continue to act as General Counsel for PSI. George Kast will remain CEO of PSI. \r
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George Kast, President and CEO of GWTR, stated "This is a very positive move for GWTR and PSI. Gary is very knowledgeable about PSI's business and its customers and will continue to take the company in a positive direction. As a result of Gary Brown assuming the presidency, I can now focus on enhancing the awareness of GWTR, and the implementation of our proprietary environmentally friendly water treatment service program adding value to all of our shareholders." \r
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GWTR also announced the resignation of Bob Tomz as CFO and Board Member. Martin Hout, Chief Planning Officer for GWTR and Controller for PSI, has been appointed Chief Financial Officer and Treasurer for GWTR; Martin Hout has been with the company since 1995. He is a Certified Public Accountant and earned an MBA in international finance from the University of Denver. Mr. Hout's former employers include Adolph Coors Co.; ACX Technologies and public accounting.\r

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January 18, 1999 - Global Water Technologies announces record bookings of $53 million for 1998 including $10 million in contracts to help reduce thermal pollution of public waterways
Global Water Technologies, Inc. (OTCBB-GWTR) announced today that its wholly owned subsidiary Psychrometric Systems, Inc. (PSI) achieved record bookings in 1998 of over $53 million, an increase of 120% from 1997. \r
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George Kast, President and CEO of GWTR, stated "Our 1998 bookings of $53 million exceeded management's forecast and we are very pleased with these results. Demand for our products and services continues to be strong and we are optimistic for continued growth in 1999 for all of our business segments."\r
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Included in the $53 million were contracts with a midwestern utility company totaling $10 million to help reduce thermal pollution through the installation of PSI's cooling tower technology. PSI equipment and technology will "pre-cool" water utilized at two power plants prior to its discharge into the local waterways. This should help preserve the aquatic habitat by decreasing thermal pollution which can impact the ecological balance of a waterway. The equipment will be installed in the first and second quarters of 1999 in order to have the cooling system operational by the end of June when river temperatures are highest.\r
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GWTR and PSI are working with several other companies around the world to reduce thermal pollution, water use and chemical pollution of public waterways. \r

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These news releases contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended.  Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements.  The Company may experience significant fluctuations in future operating results due to a number of economic, competitive and other factors, including, among other things, the size and timing of customer orders, changes in laws, new or increased competition, delays in new products, production problems, changes in market demand, market acceptance of new products, seasonal in product purchases, and changes in foreign exchange rates.  These factors, and other factors, which could materially affect the Company and its operations are included in the Company‰¥ús filings with the Securities and Exchange Commission and are incorporated herein.

Global Water Technologies, Inc. | 1100 Waterway Blvd. #20 | Indianapolis, Indiana 46202 | Phone: 317-452-4488 | Fax: 317-452-4489 | Email: info@gwtr.com