INDIANAPOLIS, April 5, 2012 /PRNewswire/ -- Global Water
Technologies (GWTR.PK) welcomes the JOBS (Jumpstart Our Business
Startups) Act that was signed by President Obama this afternoon as
a bipartisan measure designed to help small businesses access the
capital they need to grow and create new jobs. Key provisions of
the legislation make it easier for small companies to seek new
investors and simpler for individuals to make direct investments of
up to $10,000 into such growing
companies.
"This is welcome news for small public companies that are
seeking to raise less than $1 million
in funding for new projects," said Erik
Hromadka, CEO of Global Water Technologies. "Often such
companies have been shut out of the capital markets or forced to
raise much larger amounts with very costly terms. The result was
that many companies operating in lean "start-up" mode could not
effectively fund the innovative projects that are needed to spur
economic growth."
Global Water Technologies (GWTR.PK) plans to review the matter
with its securities counsel to explore what new options it provides
for funding innovative new water technologies.
More information about Global Water Technologies, including its
annual report, is available 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.