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Global Water Technologies releases annual shareholder letter.
Recent News & Events
January 1, 2016
Global Water Technologies releases annual shareholder letter
Dear Shareholders of Global Water Technologies,
Welcome to 2016, as we look forward to a number of opportunities for the company based on work completed over the past several years. As noted in our mid-year update, the water sector is finally beginning to develop traction with awareness and interest leading to action at both the local and national levels.
We believe that Global Water Technologies is positioned very well to participate in this activity in the new year. We also appreciate the efforts of those who continue to support the company and allowed it to continue building and adding a second year of revenue growth in 2015. While still a very small emerging company, we have some exciting opportunities in the year ahead.
Although we generally don't comment on the company's stock price during the year, an annual review shows that GWTR has traded between $0.01 and $0.06 during 2015. A series of sales during the year-end holiday period resulted in a close for the year at $0.01 and the company does not believe that reflects the work accomplished over the past twelve months or the opportunities for the year ahead. However, it does position GWTR stock for significant gains from that price in 2016.
That may be helpful, as greater attention to water issues in 2015 leads to increased investor interest in water opportunities. For example, a Global Water Solutions Fund (HTO-UN.TO) has been launched in Canada as a potential benchmark for the sector and the White House just released a new U.S. Public-Private Innovation Strategy for water technologies. The company expects this interest to grow in 2016 and has positioned itself to participate in such efforts.
In addition, the company has also reviewed the status of its stock on OTC Markets and steps necessary to upgrade GWTR to Current Information status and possibly higher reporting levels. In order to do so, the company has continued to avoid all toxic financing and has preserved its share structure with 17,131,605 shares of its common stock issued and outstanding at the end of 2015.
Providing adequate working capital and funding growth in 2016 are top priorities and the company will continue its commitment to working with quality long-term investors and strategic partners who create value for both new and existing shareholders.
The company added several new partners for business development in 2015, as noted in the News section of the web site. Significant steps forward include receipt of test units from Israel for smart meter technology; a partnership with a new award-winning UV-C LED water technology and a related provisional patent application; and a new software tool for the company's GreenSuite subsidiary that is expected to be introduced in Q1 of 2016.
The company also took an initial office in the 16 Tech district of Indianapolis, which received funding commitments from the city in 2015 and is expected to become a leading research and innovation community in the region. Related to that effort, the company is working on plans to host delegations from Canada and China, when the city hosts the Water & Wastewater Equipment, Treatment & Transport (WWETT) show in February.
We encourage you to follow the progress of Global Water Technologies in the coming months and join us as we work to build the company by creating value through the deployment of innovative technologies that improve water efficiency and make the best use of our most vital resource.
Chairman and CEO
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.