Global Water Technologies Announces New Board Member.

Business Editors

GOLDEN, Colo.--(BUSINESS WIRE)--Feb. 14, 2002

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 the election of Mr. Thomas M. Matthews to its Board of Directors during its February 11, 2002, board meeting.

Mr. Matthews was previously CEO of Avista Corporation, where he lead the company's external growth strategy, as well as the continued expansion of its electric and gas utility operations. Prior to Avista Corp., Mr. Matthews served as the President of Dynegy. He was responsible for oversight of Dynegy's worldwide operations and their corporate merger and acquisition activities. Mr. Matthews was also previously Vice President of Texaco, Inc., President of Texaco's Global Gas and Power Division, as well as President of Texaco Refining and Marketing, Inc.

Mr. Matthews has served on numerous boards, including the Washington CEO Roundtable, Environmental Power Corporation and the Nature Conservancy of Idaho.

Commenting on this appointment, George Kast, Chairman and CEO stated: "Tom is a great addition to our current Board. His operational experience in multifaceted, multinational entities, coupled with the finance and water industry background of our other board members, will help lead the company into its next phase, especially as we implement our acquisition growth strategy.

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 (NYSE: CPN), Duke Fluor Daniel, General Electric (NYSE:GE), Kerr McGee, Mitsubishi, Mobil, Shaw Group (NYSE:SGR), Texaco (NYSE:TX), 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.