INDIANAPOLIS, Jan. 3, 2012 /PRNewswire/ -- Global Water
Technologies, Inc. (OTC Markets: GWTR) has released a letter to
shareholders that reviews the past year and new opportunities for
2012.
"Over the past year, we have taken a number of steps to provide
a stable base upon which we can grow the business and create
additional value for our shareholders," said CEO Erik Hromadka. "That will be a primary focus for
the company in the new year."
Significant milestones accomplished for Global Water in 2011
include:
- securing a U.S. patent for the on-site production of sulfuric
acid,
- initiating quarterly reporting of unaudited financials to
shareholders,
- successfully completing a reverse split of its common stock,
and
- upgrading GWTR stock to "Current Information" on the OTC
Markets.
"Now the company will continue efforts to increase revenues and
grow in a profitable manner," Hromadka said. "Global Water will
also seek partnerships where it can identify strategic
opportunities to create value through innovative water
technologies."
The company's targeted areas for growth include non-chemical
water treatment provided through its Electric H20 subsidiary, new
methods for ballast water treatment and sensor technology that
provides early leak detection in water mains. In addition, the
company will continue to commercialize its existing patents and
other new technologies.
"As clean, fresh water becomes increasingly valuable and often
scarce, we believe that new technology solutions will play an
important role in improving the efficient use of this precious
resource," Hromadka said. "This presents some exciting
opportunities for small technology companies that can deliver
effective tools to use water more efficiently."
Additional information about Global Water Technologies and the
complete letter to shareholders 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.