PORT ST. LUCIE, FL--(Marketwire - Feb 19, 2013) - Water Technologies International, Inc. (OTC Pink: WTII) announced today record full year and quarterly results for the periods ended December 31, 2012.
Highlights for the full year and quarter include:
- Revenue of $425,020 for the full year ended December 31, 2012 up from $5,660 for the full year ended December 31, 2011.
- Gross profit of $110,933 for the full year ended December 31, 2012 up from $1,341 for the full year ended December 31, 2011.
- Revenue of $387,000 for the fourth quarter ended December 31, 2012 up 975% from $36,000 for the third quarter ended December 31, 2011.
- Gross profit of $102,000 for the fourth quarter ended December 31, 2012 up 1,175% from $8,000 for the third quarter ended December 31, 2011.
To access the entire financial report go to: http://www.otcmarkets.com/stock/WTII/financials
Water Technologies Inc.'s CEO, William Scott Tudor, said, "The results for the fourth quarter mark the most significant milestone in the Company as we successfully transitioned from a development stage Company to an operating company delivering multiple units to multiple countries and generating revenue. Moving forward in 2013 we expect significant revenue growth with positive cash flows from operations."
A video showing the proof of concept prototype is available at the company's website, www.gr8water.net
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 a patent 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 patents pending and has filed for additional patents with the USTPO. It has also filed globally through the Patent Cooperation Treaty. Its "Water village" trademark has been issued by the USPTO.
For additional information on the Company visit our website at www.gr8water.net.
Statement as to 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.