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
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SOURCE Global Water Technologies, Inc.