INDIANAPOLIS, Dec. 31, 2012 /PRNewswire-FirstCall/
-- Global Water Technologies (OTC Pink: GWTR) has released its
annual shareholder letter with a review of the company's progress
and future opportunities.
Global Water Technologies is working to create a pilot "smart
water grid" that utilizes information technology to better manage
the distribution of drinking water in the
United States. CEO Erik
Hromadka said a comprehensive "people + pipes + policy"
approach can be a model for sustainable water infrastructure.
The company is seeking municipal and financial partners to
demonstrate how its new technology can provide early leak detection
and reduce water main breaks.
Hromadka also provided an update related to a patent the company
was issued in 2011 for the on-site production of sulfuric acid and
noted that securing additional funding is a top priority in
2013.
The company's GWTR stock continues to maintain its "Current
Information" status, which is the highest tier for pink sheet
companies on the OTC Markets. At the end of 2012, the company had
11,698,605 shares of its common stock issued and outstanding.
"Thank you to all our shareholders, customers, partners, vendors
and staff for continuing to support the company as we build Global
Water Technologies and look forward to a successful new year,"
Hromadka said.
The complete shareholder letter and more information about
Global Water Technologies is available on the company 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