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
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