Global Water Technologies Highlights Growth in Water Industry & Participation in Water Investment Conference
PR Newswire - November 13, 2006 10:39 AM ET
Global Water Technologies, Inc., ("GWT") (OTC: GWTR) a technology driven water purification and services provider to the $400 billion water industry, announced that it will be a co-sponsor and presenter at the upcoming 8th annual "Profiting in the Water Industry" investment conference, held on December 4, 2006 in San Francisco.
David Wanetick, Managing Director of IncreMental Advantage, the conference host, said, "A growing number of Venture Capitalists who invest in Alternative Energy are making investments in Water Technology companies. One reason these investors are attracted to the water industry is its size: The water market is one of the world's five largest markets, amounting to $400 billion. Another reason is that despite its size, the water industry is actually demonstrating significant growth. The water industry is growing 7% annually. In comparison, the $500 billion energy market is growing 1% a year."
Wanetick continued, "We are pleased to provide investors with a rare opportunity to learn where some of the nation's leading venture capitalists are placing their bets in the water industry. We have assembled a stellar panel of early-stage investors -- including Ira Ehrenpreis, General Partner, Technology Partners; Joseph Culley, Principal, Janney Montgomery Scott; Marty Lagod, Fireside Capital; William Donovan, Director, A.G. Edwards; Christoph Lueneburger, Principal, 3Stone Advisors LLC -- who will share their rationale, methodology and best investment ideas."
George Kast, CEO stated, "GWT is pleased to join other sponsors such as Merrill Corporation, and water industry professionals to discuss investment opportunities in this growing market. GWT is strategically positioned with our leading technologies and unique service models to capitalize on the momentum we have in niche water markets." This will be a good forum for us to highlight our strategy to companies who are specifically targeting investment opportunities in the world's most precious resource.
ABOUT GLOBAL WATER TECHNOLOGIES:
Global Water Technologies, Inc. (OTC: GWTR) is a 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 with cumulative revenues in excess of $350 million. GWT's products treat over 10 billion gallons of water per day.
FORWARD LOOKING STATEMENT:
This news release contains forward-looking statements. 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 ability of the Company to obtain adequate banking and bonding facilities, 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 product purchases, and changes in foreign exchange rates.
CONTACT:
Investor Relations
Global Water Technologies, Inc.
Phone: 303-215-1100
info@gwtr.com or www.gwtr.com
SOURCE Global Water Technologies, Inc.
Investor Relations, Global Water Technologies, Inc., +1-303-215-1100, info@gwtr.com
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