Energy And Water Development Corp. Pays Off Its Convertible Loans
25 Fevereiro 2021 - 10:37AM
InvestorsHub NewsWire
Florida -- February 25, 2021 -- InvestorsHub NewsWire -- Energy
and Water Development (OTCQB:
EAWD) is pleased to report that it has paid off the convertible
loans issued during years 2019 and 2020. All of the
convertible loans were paid off to avoid dilution and reduced the
Company’s overall debt. Eliminating the convertible loans recorded
as December 2020 represents a significant milestone for EAWD.
Ralph Hofmeier, CEO of Energy and Water Development Corp., said,
“We believe that this strategy will better position us to enter a
growth phase, so we are focusing on new revenue-producing projects
of our innovative water and energy generation systems
and in capital equity sources such as
our qualified Reg A offering for
institutional investors. The next step in our strategic plan
is to pursue the assembling manufacturing in Hamburg, Germany,
where the Self-Sufficient Powered Atmosphere Water Generation
Systems (e-AWGs) would be produced in a faster period, allowing us
to satisfy the current demand in the market.”
This press release is neither an offer to sell nor a
solicitation of an offer to buy any securities, nor shall it
constitute an offer, solicitation or sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such jurisdiction.
About Energy and Water Development (OTCQB:
EAWD).
Energy and Water Development Corporation is a green-tech
engineering solution company focused on delivering water and energy
to extreme environments. The Company offers design, construction,
maintenance, and specialty consulting services to private
companies, government entities and non-government organizations
(NGOs). EAWD builds water and energy systems out of
already-existing, proven technologies, utilizing their technical
know-how to customize solutions to their clients’ needs. The
Company’s website is: www.eawctechnologies.com
Forward-Looking Statements
This press release may contain forward-looking statements. The
words “believe,” “expect,” “should,” “intend,” “estimate,”
“projects,” variations of such words and similar expressions
identify forward-looking statements, but their absence does not
mean that a statement is not a forward-looking statement. These
forward-looking statements are based upon the Company’s current
expectations and are subject to a number of risks, uncertainties
and assumptions. The Company undertakes no obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise. Among the important factors that could
cause actual results to differ significantly from those expressed
or implied by such forward-looking statements are risks that are
detailed in the Company’s filings.
Contact Information:
Energy and Water Development Corp.
Irma Velazquez, Chief Operating Officer
Email: velazquezi@eawctechnologies.com
Tel. +1 347 871 8927
Tel. +49 179 911 9256
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