Global Water Technologies Welcomes JOBS Act
New legislation seeks to help emerging companies raise funding
05 Apr, 2012, 04:10 ET
INDIANAPOLIS, April 5, 2012 /PRNewswire/ -- Global Water Technologies (GWTR.PK) welcomes the JOBS (Jumpstart Our Business Startups) Act that was signed by President Obama this afternoon as a bipartisan measure designed to help small businesses access the capital they need to grow and create new jobs. Key provisions of the legislation make it easier for small companies to seek new investors and simpler for individuals to make direct investments of up to $10,000 into such growing companies.
"This is welcome news for small public companies that are seeking to raise less than $1 million in funding for new projects," said Erik Hromadka, CEO of Global Water Technologies. "Often such companies have been shut out of the capital markets or forced to raise much larger amounts with very costly terms. The result was that many companies operating in lean "start-up" mode could not effectively fund the innovative projects that are needed to spur economic growth."
Global Water Technologies (GWTR.PK) plans to review the matter with its securities counsel to explore what new options it provides for funding innovative new water technologies.
More information about Global Water Technologies, including its annual report, is available 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, Inc.
Share this article