Global Water Technologies Upgraded to Current Information on OTC Markets
INDIANAPOLIS, Dec. 15, 2011 /PRNewswire/ — Global Water Technologies, Inc. (OTC
Markets: GWTR) has been upgraded from “Limited Information” to “Current
Information”, which is the highest tier for non-reporting pink sheet companies
on the OTC Markets.
“This completes an extensive effort to provide adequate current information for
our shareholders,” said CEO Erik Hromadka. “Now that we have completed this
important step and established the systems needed to maintain compliance, we can
move into the new year with a better structure for developing opportunities in
the emerging sector of water technologies.”
Global Water Technologies has announced ballast water treatment and early leak
detection as two examples of large markets where it is exploring new
technologies. Hromadka noted that providing current information and regular
quarterly updates allows existing and potential investors to better evaluate the
company, its progress and its potential.
Global Water Technologies filed its initial disclosure statement with the OTC
Markets and unaudited financial statements from 2009 and 2010 to receive an
upgrade to “Limited Information” earlier this year. Since then, the company has
filed three quarterly reports, an Attorney Letter with Respect to Adequate
Current Information and additional information requested by the OTC Markets.
The OTC market represents a broad and diverse group of companies with a variable
level of financial strength, disclosure availability and management quality.
Market capitalizations range from micro-cap start-ups to large cap
multi-national companies. More information about the market and GWTR, the
company’s ticker symbol, is available at: www.otcmarkets.com.
Global Water Technologies seeks to identify, develop and commercialize
proprietary new technologies to increase water and energy efficiencies. The
company is reviewing a number of such new technologies and developing strategic
partnerships where it can leverage its resources as a small public company to
create value for its shareholders.
Additional information about Global Water Technologies 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.















