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OTC Disclosure & News Service

 

Global Water Technologies issues shares to settle vendor balance

Sep 04, 2012

OTC Disclosure & News Service

Indianapolis, IN - September 1, 2012 -- Global Water Technologies has issued 712,500 shares to settle an outstanding accounts payable balance with a former vendor.

As a result, the company currently has 11,448,605 outstanding common shares and 157 shareholders of record. The number of free trading shares in the public float remains at 5,895,503. 

The new issuance is part of the company's ongoing effort to strengthen its balance sheet and raise funds to provide the working capital needed for its business plan. Current information and Consolidated Financial Statements (unaudited) are available on the company's filings page at OTC Markets.com.

Company information is now also updated through wider distribution to financial and stock market sites such as Yahoo! Finance.

FORWARD-LOOKING STATEMENT:
Statements in this press release 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.

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