
Monday, January 01, 2024 2:13:00 PM
http://gwtr.com/news_01-01-2024.php
Dear Shareholders of Global Water Technologies,
We welcome 2024 as a new year of possibilities after having successfully navigated our small company through several years of volatility and change that impacted business across global economic markets.
As we noted at the start of 2023, the company continues to evaluate opportunities for potential mergers and acquisitions while also pursuing efforts to build on its legacy non-chemical water treatment business. Deal flow in the M&A space continued to track at a lower level and the company will carry several discussions with potential partners into the new year.
The company did make good progress in identifying new opportunities for non-chemical water treatment and previewed a new system in August that it is developing to integrate two technologies for desalination and disinfection in a manner that improves water and energy efficiency.
As part of that effort, the company engaged some initial engineering and consulting services and welcomed John Waters to its advisory board with his expertise in battery technology and manufacturing. During the fourth quarter, the company also completed the Producer-Led Innovation Challenge held by AgriNovus Indiana and expects to build on that work in the coming year.
The company is also reviewing potential opportunities from its previous work in the areas of trenchless technologies and smart water, which both apply to water infrastructure projects. While that sector has significant needs in the United States and we invested considerable efforts to provide solutions, the company pulled back from that work as state and local governments shifted priorities during the pandemic and therefore avoided problems caused by the slow and fragmented nature of those infrastructure programs. Global Water Technologies will evaluate those business prospects in 2024.
In 2023, shares of Global Water Technologies traded between $0.01 and $0.034 with a closing price of $0.03 and volume of 996,037. In 2022, shares of Global Water Technologies traded between $0.016 and $0.10 with a closing price of $0.028 and volume of 1,111,560.
The number of common shares at December 31, 2023 was 28,773,955 and the number of free-trading shares remains at 5,895,503. The company has reserved 3.8 million shares for convertible promissory notes totaling $99,500. Additional shares may be issued as the company seeks adequate funding to execute its business plan and further upgrade its SEC compliance.
Thank you to all our shareholders who continue to support the company as we move forward and best wishes to both those who are new and the many who have been on this journey for a long time. Here’s to a great 2024!
Sincerely,
Erik Hromadka
Chairman and CEO
COEPTIS Announces the Launch of COEP Venture Group to Invest in AI, RPA, and AI Agent Startups • COEP • Feb 13, 2025 9:10 AM
Unitronix Corp. to Report Over 300% Gains in Cryptocurrency Assets • UTRX • Feb 13, 2025 7:15 AM
Hivello Token ($HVLO) now Live • MATE • Feb 11, 2025 9:27 AM
Animoca Brands leads Hivello funding round ahead of Token Listing • MATEF • Feb 10, 2025 10:20 AM
51 Labs Expands Sports Nutrition Line with Five New Innovative Products, Company in final phase of name and ticker symbol change • CAFI • Feb 10, 2025 9:00 AM
UAV Corp. Expanding in the Global UAV Market, Projected to Exceed $58 Billion by 2027, with Increasing Government and Commercial Sector Adoption • UMAV • Feb 6, 2025 8:30 AM