Bill, please put me down for GWTR indefinitely. They have amazing news out this morning on their first produced water contract for cleanup of coal bed methane water!
Watergy Produced Water Solutions Announces New Contract for CBM Water Treatment
Friday July 20, 8:00 am ET
DENVER, July 20 /PRNewswire-FirstCall/ -- Watergy Produced Water Solutions, Inc. ("WPWS"), an oil and gas services provider of turnkey Produced Water treatment systems and solutions, announced today that it has entered into a five year contract with an exploration and production company for the treatment of CBM produced waters.
George Kast, CEO, stated, "We are pleased this producer has chosen our leading technology and services program for the treatment of their produced water. The initial term of the contract is for five years and we will be treating up to 12,000 barrels of water per day at this site. This contract is expected to generate approximately $2,000,000 in total revenue with initial operations beginning in the 4th quarter of 2007."
Mr. Kast continued by stating, "Watergy is well-positioned to capitalize on the growing demand for oil and gas produced water management and solutions."
ABOUT WATERGY PRODUCED WATER SOLUTIONS:
Watergy Produced Water Solutions, Inc., a wholly owned subsidiary of Global Water Technologies, is a Denver, Colorado based company focused on providing advanced water management and treatment services for CBNG energy producers in the Rocky Mountain region. The Company offers proprietary water treatment technologies for cost effective management and development of CBNG resources.
ABOUT GLOBAL WATER TECHNOLOGIES:
Global Water Technologies, Inc. (OTC: GWTR - News) 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. Through its subsidiaries, Electric H2O, Inc. and Watergy Produced Water Solutions, Inc., 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. GWT's products treat over 10 billion gallons of water per day.
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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Source: Global Water Technologies, Inc. |
