INDIANAPOLIS, Aug. 25, 2011 /PRNewswire/ -- Global Water
Technologies, Inc. (OTC Markets: GWTR) announces the company will
begin trading as GWTR on August 25,
amid increasing attention on the need for better water technology
around the world.
"There's a growing need for innovative new solutions to enhance
water treatment and improve efficiency in using the world's most
precious resource," said CEO Erik
Hromadka, noting the focus on water in an urbanizing world
at the annual World Water Week event being held in Stockholm.
As a small water technology company in the United States, Global Water seeks
opportunities to connect investors with new opportunities to make
better use of water resources. Ballast water treatment, water
infrastructure monitoring and extracting energy from wastewater are
areas of interest that the company has been exploring.
Global Water Technologies is also participating in a new
regional water technology initiative being developed by the United
States Environmental Protection Agency (EPA) and Small Business
Administration (SBA). The Water Technology Innovation Cluster works
to develop and commercialize innovative technologies to solve
environmental challenges and spur sustainable economic development.
The cluster is harnessing regional expertise in the Indiana, Ohio
and Kentucky region, which
includes the EPA's national research & development lab in
Cincinnati.
"Around the world and right here in the Great Lakes region,
there is a growing recognition that fresh, clean water is an
extremely important resource that is often undervalued until it is
not readily available," Hromadka said. "That dynamic presents great
opportunity for new technologies that can improve the treatment,
delivery and use of water."
Global Water Technologies is a small cleantech company that
seeks to identify, develop and commercialize proprietary new
technologies to increase water and energy efficiencies. Over the
past 60 days, Global Water Technologies has successfully completed
a reverse split of its common stock, upgraded its status on the OTC
Markets and received regulatory approval for electronic trading.
The company now has 8,535,805 shares of common stock
outstanding.
Additional information is available on the company's web site
at: www.gwtr.com.
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.
SOURCE Global Water Technologies, Inc.