INDIANAPOLIS, Nov. 15, 2010 /PRNewswire-FirstCall/ -- Global
Water Technologies, Inc. (Pink Sheets: GWTR) has completed an
initial funding transaction to begin research on new methods of
ballast water treatment.
"Ballast water treatment and new regulations to control the
invasive species that are unintentionally transported by
international shipping are important issues for the next decade,"
said Erik Hromadka, chairman and CEO
of Global Water Technologies. "As a small technology company, we
can move quickly to identify new solutions and are currently
investigating options being developed in Australia and Canada."
Ballast water treatment is of particular concern to state and
provincial economies of the Great Lakes, where strict new
regulations in 2012 may impact the St. Lawrence Seaway.
Stratton Holdings, Inc. (Pink Sheets: STHG) made an initial
investment in Global Water to support the research and development
of new technologies for ballast water treatment and will also
provide professional services from its headquarters in San Jose, California.
"Global Water Technologies is a good fit for our strategy to
identify and invest in small public companies that have
demonstrated potential for significant growth," said Eric Stratton Racheff, CEO of Stratton Holdings,
Inc.
Hromadka noted the investment is a validation of Global Water's
approach to identify new technologies, create project teams to
develop and deploy the most promising opportunities and then build
business operations in those areas. "We welcome Stratton Holdings
as one of our initial investors in this area and continue to seek
such strategic partnerships as we move forward and create value for
all our stakeholders."
Additional information is available on the company's web site
at: www.gwtr.com.
ABOUT GLOBAL WATER TECHNOLOGIES:
Global Water Technologies, Inc. (GWTR.PK) is a "clean
technology" water treatment and services company that provides
innovative non-chemical and filtration technologies. Global Water
also builds strategic partnerships to identify, develop and
commercialize new technologies to improve water efficiency.
FORWARD-LOOKING STATEMENT:
Statements relating to plans, strategies, economic performance
and trends, projections of results of specific activities or
investments, and other statements that are not descriptions of
historical facts may be forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Forward-looking information is
inherently subject to risks and uncertainties, and actual results
could differ materially from those currently anticipated due to a
number of factors, which include, but are not limited to, risk
factors inherent in doing business. Forward-looking statements may
be identified by terms such as "may," "will," "should," "could,"
"expects," "plans," "intends," "anticipates," "believes,"
"estimates," "predicts," "forecasts," "potential," or "continue,"
or similar terms or the negative of these terms. Although we
believe that the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee future results,
levels of activity, performance or achievements. The company has no
obligation to update these forward-looking statements.
www.gwtr.com
SOURCE Global Water Technologies, Inc.