Global Water Technologies engages larger accounting firm

INDIANAPOLIS, Feb. 24, 2014 /PRNewswire/ -- Global Water Technologies (OTC Pink: GWTR) is pleased to announce it has engaged Donovan Certified Public Accountants and Advisors in Avon, Indiana as its new accounting firm.

The full-service firm provides professional services that include audits, financial statements, accounting, tax, payroll and advisory work. The firm also assists with analysis, such as due diligence, M&A support, cash flow forecasting and business valuation.

"As we move forward into the next stage of the company's growth, the services provided by a larger accounting firm will be an important resource," said Erik Hromadka, CEO of Global Water Technologies. "We appreciate all those who have supported the company and its subsidiaries over the past five years and look forward to building on the foundation that is now in place as we begin to grow and undertake new opportunities in the water sector."

The company also announced that it has issued 750,000 shares to reduce an accounts payable balance by $30,000. As a result, the company has 17,068,605 outstanding common shares. The number of free-trading shares in the public float remains at 5,895,503.

More information about Donovan CPA is available at: www.cpadonovan.com

More information about Global Water Technologies is available at: www.gwtr.com

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.

SOURCE Global Water Technologies, Inc.

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