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Global Water Technologies attends Water Tech Summit 2012.
Global Water Technologies soars over Indianapolis (see video).
Global Water Technologies plans Indianapolis meet-and-greet.
Global Water Technologies releases shareholder letter.
Global Water Technologies supports Water Tech Summit 2012.
Global Water Technologies notes new water infrastructure report.
Global Water Technologies upgraded to Current Information on OTC Markets.
Global Water Technologies files new reports on OTC Markets.
Global Water Technologies seeks upgrade on OTC Markets.
Global Water Technologies posts 2011 3Q financials.
Global Water Technologies targets leaking pipes to improve water efficiency.
Global Water Technologies provides 2011 Third Quarter update.
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March 4, 2010
Global Water Technologies reaches settlement in legal matters
INDIANAPOLIS, March 4 /PRNewswire-FirstCall/ -- Global Water Technologies, Inc. (Pink Sheets: GWTR) has reached a settlement in the case of Littman v Kast, et al., Case No. 2009CV-004969 in the Denver District Court.
As the result of the settlement, a total of 195,838,346 shares of Global Water common stock will be returned to the company treasury. The company also acquired a provisional patent application filed on February 10, 2009 and has taken steps to complete a non-provisional filing for the invention, which relates to the use of forward osmosis in produced water.
According to the company's bylaws, the returned shares will initially have the status of authorized and unissued. The total authorized shares remains at 1 billion, the same amount as reported at the end of 2008.
"This settlement reflects the best efforts to resolve complex matters in a fair manner for all stakeholders," said Erik Hromadka, president and CEO of Global Water.