INDIANAPOLIS, Oct. 21, 2013 /PRNewswire/ -- Global Water
Technologies (OTC Pink: GWTR) announces plans to expand its
opportunities in the emerging smart water sector with the addition
of two new acquisitions.
The first addition is an innovative Software-as-a-Service (SaaS)
platform to provide better data to utility customers on usage
analytics. GreenSuite helps users track their consumption, make
plans to improve efficiency, learn more about sustainability and
earn rewards for such activities. The software can also be used as
a demand-side tool for utilities.
"We were impressed with this forward-thinking and very scalable
approach to engage utility customers and are looking forward to
implementing GreenSuite software with innovative water utilities,"
said Erik Hromadka, CEO of Global
Water Technologies, noting the addition of software development is
an important step for the company.
A second acquisition brings expertise and new technologies in
the water infrastructure sector, where the company has focused on
its "People + Pipes + Policy" approach to reducing water loss.
WASIR is a consulting group focusing on innovative resources for
both drinking and wastewater systems.
Growing national attention to water issues is creating interest
among community leaders and investors who recognize the future
potential for "smart water" solutions.
Those interested in
participating in these new efforts should contact the company for
more information.
GreenSuite is qualified for Indiana's Venture Capital Investment Tax
Credit that is designed to encourage investment in fast-growing,
early-stage companies.
Global Water Technologies structured the acquisitions as
all-stock transactions and reserved shares for future issuance to
be determined based on milestones reached by the subsidiaries at
the end of 2014. As a result of the transactions, the number of
issued and outstanding shares of Global Water Technologies as of
October 21, 2013 is 16,318,605.
More information about GreenSuite is available at:
www.mygreensuite.com
More information about Global Water Technologies is available at:
www.gwtr.com
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.
SOURCE Global Water Technologies