PORT ST. LUCIE, FL--(Marketwired - September 20, 2016) - Water Technologies International, Inc. (OTC PINK: WTII), the leader in the technology for atmospheric water generator's production and design, announced today that it has repurchased the remaining balance on an outstanding convertible note. The convertible note was issued in 2014 and the Company received $25,000.00 for general working capital. Water Technologies wanted to curtail the dilution the note was causing after several low priced conversions.
Water Technologies Inc.'s CEO, William Scott Tudor, said, "I felt the common stock dilution from the outstanding convertible notes was causing too much dilution. Our goal has always been to land an institutional or Government order. I am still very confident we will reach our goal this year! We are forming alliances with Hydrogen Electric companies that produce hydrogen fuels that need clean water to produce electricity. The combination of our products enables the building of electric and water utilities in remote areas. We have a powerful solution for small towns or villages and many other applications."
For a direct link to a copy of the company's product information "Slick Sheets" visit our website at: www.gr8water.net/products/product-slick-sheets.
For a direct link to a copy of the Patent Certificate visit our website at the "Our Business" tab under "Intellectual Properties" at: http://www.gr8water.net/our-business/intellectual-properties
About the Company
Water Technologies International, Inc. and its wholly owned subsidiaries, GR8 Water, Inc. (Great Water) and Aqua Pure International, Inc. (Specializing in Filtration Systems) are engaged in the manufacture and distribution of technologically advanced Atmospheric Water Generators (AWG). These unique devices utilize "Patents" & patents pending air purification input system to produce clean, great-tasting, safe water from the humidity in the air. GR8 Water makes freestanding water factory units for the home or office and large, industrial-sized water units using a modular design that can produce up to thousands of gallons of water each day from ambient air. GR8 Water strives to make safe drinking water available to everyone on the planet, making the world a better place in which to live while nurturing the environment. The Company has been issued Patents and has several patents pending. Water Technologies has filed for additional patents with the USTPO and other international Patent Agencies. It had also filed globally through the PCT or Patent Cooperation Treaty. Its "Water village" trademark has been issued by the USPTO.
A video showing the proof of concept prototype is available at the company's website, www.gr8water.net.
Statement as to Forward-Looking Statements.
Forward-Looking Statements certain statements in this release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors. We assume no obligation to update the information contained in this news release.
Source: Water Technologies Intl., Inc.