Global Water Technologies Receives Contract to Supply Non-Chemical Water Treatment Services to Schlumberger

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Global Water Technologies Receives Contract to Supply Non-Chemical Water Treatment Services to

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Global Water Technologies Receives Contract to Supply Non-Chemical Water Treatment Services to

COLORADO, GOLDEN, Jul. 9 -/E-Wire/Business Wire/-- Global Water Technologies, Inc. (GWT), a full-service cooling water treatment company utilizing advanced technologies and engineered solutions to provide process cooling water to power plants, process industries, HVAC systems and municipalities worldwide, today announced that its subsidiary, Applied Water Technologies, Inc. (AWT) has received a contract from Way Service, Ltd. to provide its proprietary AquaPhysics(TM) cooling water treatment technologies and services through Way Service for the Schlumberger Training Center located in Sugar Land, TX.

AWT's AquaPhysics(TM) program is a non-chemical cooling water treatment service that incorporates a series of proprietary technologies for the control of scale, corrosion, fouling and microbio, resulting in improved system performance as well as energy and water conservation. AquaPhysics(TM) replaces chemical treatment of cooling towers, thereby eliminating employee exposure, liability and discharge concerns associated with traditional chemical treatment.

Way Service, Ltd., one of three mechanical contracting companies in the Way Companies, provides HVAC services to the commercial and industrial marketplace. These services include installation, preventative maintenance, repair and replacement, as well as outsourced building operations. Selected as a LINC Service(R) contractor in 1993, Way Service, Ltd. specializes in dispatched total responsibility preventative maintenance programs. Schlumberger is a global technology services company with corporate offices in New York, Paris and The Hague. Schlumberger has more than 80,000 employees, representing 140 nationalities, working in nearly 100 countries.

Henry Oramas, Vice President and General Manager for Way Service Ltd., stated: "The AWT AquaPhysics(TM) non-chemical program provides tremendous value to the outsourced operations service we offer our customers. AquaPhysics(TM) was chosen for this site based on a combination of chemical elimination, projected water savings and improved control delivered by the 24/7 control/remote monitoring features of AquaPhysics(TM) service."

Commenting on the Way Service/Schlumberger contract, George Kast, Chairman and CEO, stated: "We are very pleased to support Way Service in the Houston area. Our AquaPhysics(TM) non-chemical cooling water treatment program can provide this HVAC intensive market with an environmentally sound method for treating cooling water, while providing added value in water conservation, improved energy efficiency, and enhanced system control."

About Global Water Technologies

Global Water Technologies, Inc. (OTCBB:GWTR) is a water technology and services company with major installations in the areas of power, process and HVAC. The company utilizes its proprietary technologies to enhance a facility's production by providing cold, high-quality water to increase operating efficiencies, reduce water use and operating costs. GWTR's client base includes but is not limited to the following companies: Archer Daniels Midland, British Petroleum Amoco, Calpine, Duke Fluor Daniel, General Electric (NYSE:GE), Mitsubishi, Mobil, Shaw Group (NYSE:SGR), Texaco (NYSE:TX), and YORK International (NYSE:YRK).

Forward-Looking Statement

This news release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the intent, belief or current expectations of Global Water Technologies, Inc., ("The Company") and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results. 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 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, banking, bonding and changes in foreign exchange rates. These factors, and other factors, which could materially affect the Company and its operations are included in the Company's filings with the Securities and Exchange Commission and are incorporated herein. All information set forth in this press release is as of today's date, and the Company undertakes no duty to update this information.

Global Water Technologies, Inc.

Global Water Technologies, Inc., Steve Rash, 303/215-5192

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