Water Technologies International, Inc. (OTC Pink: WTII) (PINKSHEETS: WTII) the leader in the technology in atmospheric water generator's production and design announced today that it has completed the approval process to distribute its product line of atmospheric water Generators throughout China, under an agreement with several companies. Earlier this year, Water Technologies sold two large commercial Atmospheric Water Generators and several groups in China have been testing the units for the past several months at locations in different regions in China. The AWGs have passed the testing phase and due diligence phase and are being introduced to distribution channels in China. The units fall under the patents issued in China back in 2013.
The Company has also has been approved for commercial financing and has signed an agreement with Karma Leasing, Ltd. of Beijing &Tianjin, to provide financing for the Company's products throughout the country. The financing now available will give purchasers the option of traditional financing and leasing. Karma Leasing, Ltd. provides financing option in several industries throughout the country.
Water Technologies Inc.'s CEO, William Scott Tudor, said, "I am excited about having the product accepted by several groups in China. We are finally at the point where we can start the distribution in this huge market. The country has a shortage of clean drinking water and clean water for agriculture. There is a place in China for GR8 Waters' complete line of products in this enormous market. The need for adequate water supplies to sustain life and provide water for industrial real estate and agriculture projects continues, especially in China."
The Water resources of China are affected by both severe water quantity shortages and severe water quality pollution. A growing population and rapid economic development as well as lax environmental oversight have increased water demand and pollution. With a population of 1.6 billion people, China has the world's largest population of any country. The need for clean water is one top priorities of the country. The regions are all in need of clean water not only for drinking but for agricultural and sanitation uses.
For a direct link to a copy of the Patent Certificate visit our website at the "Our Business" tab under "Intellectual Properties" at: http://www.gr8water.net/our-business/intellectual-properties
For a direct link to a copy of the company's product information "Slick Sheets" visit our website at: www.gr8water.net/products/product-slick-sheets .
About the Company
Water Technologies International, Inc. and its wholly owned subsidiaries, GR8 Water, Inc. (Great Water) and Aqua Pure International, Inc. (Specializing in Filtration Systems) are engaged in the manufacture and distribution of technologically advanced Atmospheric Water Generators (AWG). These unique devices utilize a patent pending air purification input system to produce clean, great-tasting, safe water from the humidity in the air. GR8 Water makes freestanding water factory units for the home or office and large, industrial-sized water units using a modular design that can produce up to thousands of gallons of water each day from ambient air. GR8 Water strives to make safe drinking water available to everyone on the planet, making the world a better place in which to live while nurturing the environment. The Company has patents pending and has filed for additional patents with the USTPO. It has also filed globally through the Patent Cooperation Treaty. Its "Water village" trademark has been issued by the USPTO.
A video showing the proof of concept prototype is available at the company's website, www.gr8water.net
Statement as to Forward-Looking Statements.
Forward-Looking Statements certain statements in this release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors. We assume no obligation to update the information contained in this news release.
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Investor Relations for Water Technologies Intl., Inc.
SOURCE: Water Technologies International, Inc.