Hi Ron,
this thread is dead :-$)))
NEWS (but not good IMHO)
Global Water Technologies Subsidiary Announces Personnel
Additions <GWTR.OB>
Global Water Technologies Subsidiary Announces Personnel Additions GOLDEN, Colo.--(BUSINESS WIRE)--June 19, 2000--Global Water Technologies, Inc. (OTCBB: GWTR), a company utilizing advanced technologies and engineered solutions to provide process cooling water to industry and municipalities, worldwide, today announced that its Global Water Services (GWS) subsidiary has recently added two regional vice presidents of business Development to roll out it's innovative Performance Plus Cooling Water Service Program. The Company announced that Mr. Nelson Horn and Mr. Mahendra Doshi have joined the Company and will both serve as Vice President of Business Development to further enhance the awareness of Global Water Services' long-term cooling water service program, primarily to the power industry. Mr. Horn has more than 25 years of marketing experience within the power industry with Combustion Engineering and ABB Power Generation. Most recently, Mr. Horn was Global Account Director with ABB and has broad knowledge in power plant project development, design, and financing. Additionally, Mr. Horn has vast contacts throughout all areas of the power industry. During his tenure at ABB, he was also very involved with the development of environmental systems that reduce emissions from power plant operations. Mr. Doshi comes with more than 20 years of experience in cooling water systems for power plants. He was formerly Vice President of the cooling tower department for Balcke-Durr, Inc. (BDI), a division of Balcke-Durr Thermal Engineering (BDT). Mr. Doshi was responsible for the division's sales, project management, engineering and P & L for that department. His vast experience includes implementing improved mechanical component design, FRP components, thermal and hydraulic designs, and cooling tower testing. George Kast, President and CEO stated: "I am very pleased to add this caliber of experience to our team. Our innovative cooling water service program has attracted an enormous amount of interest as companies seek more efficient and reliable cooling water for their facilities. In particular, we have received notable interest from the power industry, due to deregulation forcing them to look more closely at cooling water for additional megawatts and profits through efficiency enhancements." About Global Water Technologies Global Water Technologies, Inc.'s global strategy is to invest in and develop business opportunities in the world's largest industry - water. In support of this strategy, GWT has three synergistic subsidiaries that represent this strategy and business. The first wholly owned subsidiary, Psychrometric Systems, Inc. (PSI), provides process cooling water primarily through the design, engineering and project management of water cooling towers to industrial and manufacturing clients worldwide. Applied Water Technologies, Inc. (AWT) another subsidiary of GWT, provides our customers with proprietary environmentally-sound water treatment systems and services which are designed to meet the growing need for cooling water treatment and re-use worldwide. Global Water Services, Inc. (GWS), another wholly owned subsidiary of GWT, provides total cooling water solutions and service programs to our customer base, including cooling water systems and water treatment services. Global Water Technologies, Inc. trades on the over-the-counter bulletin board under the symbol "GWTR". This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in future operating results due to a number of economic, competitive and other factors, including, among other things, the size and timing of customer orders, changes in laws, new or increased competition, delays in new products, production problems, changes in market demand, market acceptance of new products, seasonal in product purchases, and changes in foreign exchange rates. These factors, and other factors, which could materially affect the Company and its operations are included in the Company's filings with the Securities and Exchange Commission and are incorporated herein. --30--djm/dx* CONTACT: Global Water Technologies, Inc. Investor Relations, 303/215-5144 Fax: 303/215-0595 www.gwtr.com
|
