Global Water Technologies Announces New Office and Personnel Changes
PR Newswire
February 02, 2009: 08:00 AM ET
DENVER, Feb. 2 /PRNewswire-FirstCall/ -- Global Water Technologies, Inc., (Pink Sheets: GWTR) an innovative provider of non-chemical water purification and treatment services to the $400 billion water industry, announces the opening of an office in Indianapolis, Indiana and the appointment of a new Chief Executive Officer (CEO) and Chief Financial Officer (CFO).
Erik Hromadka, who currently serves on the company’s board and is a longtime shareholder, replaces George Kast as CEO and President of Global Water Technologies and its operating subsidiary, Electric H2O, Inc. Dave Treacy, who also serves on the company’s board, replaces Matthew Veal as its CFO and Treasurer. Veal continues to serve as a board member. Tim Coughlin, a member of the board and shareholder, assumes the role of Chairman, previously held by George Kast, who resigns from the board.
"I am excited for the company and its shareholders, as this is a positive move that brings new talent and resources to help facilitate the company’s continued growth and prosperity," said George Kast. "Now is an excellent time to be investing in water and I will continue to be a resource for the company."
"There is a growing need to improve energy efficiency and benefit the environment through the use of non-chemical water technologies," said Erik Hromadka. "Global Water Technologies has been an early innovator in this area and we look forward to continuing that effort and exploring new opportunities as a member of the entrepreneurial communities in both Denver and Indianapolis.
ABOUT GLOBAL WATER TECHNOLOGIES:
Global Water Technologies, Inc. (OTC: GWTR.PK) is a "CleanTech" water treatment and services company with "clearly" innovative technologies, focused on the energy, power, oil and gas, process, HVAC and municipal markets. The company utilizes its proprietary technologies and services programs to increase operating efficiencies and reduce water usage through comprehensive water management solutions. GWT has an established client base of over 500 customers in more than 25 countries worldwide.
FORWARD LOOKING STATEMENT:
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.
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