INDIANAPOLIS, Nov. 16, 2011 /PRNewswire/ -- Global Water
Technologies, Inc. (OTC Markets: GWTR) is seeking an upgrade of its
listing on the OTC Markets. The company has completed the steps
needed to move from "Limited Information" to "Current Information",
which is the highest tier for non-reporting pink sheet
companies.
"This is another important step forward in providing better
disclosure to our shareholders," said CEO Erik Hromadka. "Now both current information and
future opportunities can be used to 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 and is now submitting its Attorney Letter with Respect to
Adequate Current Information.
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 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.