Global Water Technologies Announces New Board Members.Business Editors & Environmental Writers GOLDEN, Colo.--(BUSINESS WIRE)--June 28, 2001 Global Water Technologies, Inc., a full-service cooling water company utilizing advanced technologies and engineered solutions to provide process cooling water to power plants, process industry and municipalities worldwide, today announced the election of two new independent Directors to its Board during the annual shareholder's meeting June 27, 2001. These two new Directors are Mr. G. Edward Powell and Mr. Damian C. Georgino. Mr. Powell was previously with PricewaterhouseCoopers, an international accounting and consulting firm. During his 35-year tenure, he was directly involved in a wide variety of both publicly and privately owned business enterprises in various industries. He was appointed to the position of managing partner of the Houston office in 1982 and retained that position until his retirement in 1994. Additionally, he organized and managed the firm's NAFTA NAFTA in full North American Free Trade Agreement Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's Business Center in Houston, the focal point for all PricewaterhouseCoopers client interaction with Mexican investment activities. Since his retirement, Mr. Powell has become associated with several emerging and middle market businesses, both privately and publicly owned, as an investor, officer and/or director. Mr. Powell is currently a principal with Innovation Growth Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a venture capital firm specializing in technology companies. Mr. Georgino is presently a partner with the international law firm of LeBoeuf, Lamb, Greene & MacRae, LLP LLP - Lower Layer Protocol . Mr. Georgino is also the founder and managing principal of Greenbrier Capital Partners, LLC. From 1995 to 1999, Mr. Georgino served as Executive Vice President, General Counsel and Corporate Secretary to USFilter. Prior to USFilter, Mr. Georgino was a Business Unit Counsel and General Attorney for Alcoa Inc. (NYSE NYSE See: New York Stock Exchange :AA). Mr. Georgino's transactional and operational experience and keen knowledge of mergers and acquisitions, public and private debt, and equity markets inside of large and hyper-growth technology-based global enterprises provide him with a unique perspective that is extremely insightful and highly valuable. Commenting on the new board appointments, George Kast, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated: "I am very pleased to add this level of experience and talent to our board. With this additional guidance, management is better equipped to address the ever-changing needs of our customers and take advantage of the opportunities and markets we have cultivated." About Global Water Technologies Global Water Technologies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :GWTR GWTR Groundwater Treatment Rule GWTR German Workshop on Term Rewriting ) is a company with major interests in the areas of power, energy and water. The company utilizes its proprietary technology to enhance power production by providing cold, clean water to increase operating efficiencies, reduce water use and operating costs. Through this process, GWTR is able to increase their client's power output by up to 10% depending upon age, design and efficiency of the plant. GWTR's client base includes, but is not limited to, the following companies: General Electric (NYSE:GE), Enron subsidiary companies (NYSE:ENE), Raytheon Company (NYSE:RTN RTN Return RTN Raytheon Company (stock symbol) RTN Research Training Network RTN Rotarian RTN Routing Transit Number RTN Recursive Transition Network RTN Register Transfer Notation RTN Radial Tangential Normal ), Archer Daniels Midland The Archer Daniels Midland Company (NYSE: ADM), is a conglomeration based in Decatur, Illinois. ADMoperates more than 270 plants worldwide, where cereal grains and oilseeds are processed into numerous products used in food, beverage, nutraceutical, industrial and animal feed (NYSE:ADM See add/drop multiplexer. (language) ADM - A picture query language, extension of Sequel2. ["An Image-Oriented Database System", Y. Takao et al, in Database Techniques for Pictorial Applications, A. Blaser ed, pp. 527-538]. ), British Petroleum Amoco, Mitsubishi, Mobil, Texaco (NYSE:TX), Duke Fluor Daniel, Kerr McGee (NYSE:KMD KMD Kazaa Media Desktop KMD Kiss Me Deadly (band) KMD Kausing Much Damage (hip hop) KMD Komodo Manchester Debugger KMD Knock Me Down KMD Kazaa Movie Database KMD Key Management Device KMD Kernel Model Driver ) and Calpine (NYSE:CPN). Forward-Looking Statements 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 in 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. |
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