Global Water Technologies Updates Share Structure, Seeks New Director

INDIANAPOLIS, April 12 /PRNewswire-FirstCall/ -- Global Water Technologies, Inc. (Pink Sheets: GWTR) announces the return of 195,838,346 shares of its common stock to the company treasury has been completed, as anticipated in the settlement of legal matters announced last month.

The company has issued 20 million shares of stock to a vendor for consulting services and currently has 824,161,654 shares outstanding. The company has 574,521,145 free trading shares and the number of total authorized shares remains at 1 billion.

The company's board of directors has also accepted the resignation of Matthew Veal and thanks him for his service over the past five years. Nominations for a new board member to fill this vacancy have been opened.

"Global Water Technologies welcomes inquiries from those who are interested in assisting the company as it continues to identify and develop opportunities to create value in this important sector of the new cleantech industry," said Erik Hromadka, president and CEO of Global Water.

Additional information is available on the company's web site at: www.gwtr.com.

ABOUT GLOBAL WATER TECHNOLOGIES:

Global Water Technologies, Inc. (GWTR.PK) is a "clean technology" water treatment and services company providing innovative non-chemical and filtration technologies. Global Water utilizes its proprietary technologies and service programs to increase operating efficiencies and reduce water usage through comprehensive water management solutions.

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.

SOURCE Global Water Technologies, Inc.