Global Water Technologies Receives New Equity

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Global Water Technologies Receives New Equity

COLORADO, GOLDEN, Oct. 8 -/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 and municipalities worldwide, today announced that it had received $850,000 of new equity from George Kast, the Company's Chairman and Chief Executive Officer.

Mr. Kast purchased 530,657 shares of the company's Restricted Common Stock at a price of $1.60 per share.

About Global Water Technologies

Global Water Technologies, Inc. (OTCPK: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 (NYSE:CPN), Duke Fluor Daniel, General Electric (NYSE:GE), Kerr McGee, Bechtel Power Corporation, Mitsubishi, Mobil, Shaw Group (NYSE:SGR), Texaco, and YORK International.

Forward-Looking Statement

This news release contains 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. 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 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. 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.

Global Water Technologies, Inc.

Steve Rash, 303/215-1100, ext. 192, [REDACTED-EMAIL]

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