Investor News

Water Technologies International, Inc. Closes Acquisition of Water Zone, Inc. of Florida with 1.6 Million in Top Line Revenue and 11 Employees & Enters the Commercial and Residential Water Treatment Space

Download PDF

Water Zone has been Servicing Clients Covering the Entire State of Florida since 1985 and provides Water Treatment Systems and Solutions

PORT ST. LUCIE, Fla., May 23, 2018 (GLOBE NEWSWIRE) -- Water Technologies International, Inc. (OTC Markets Pink Sheets:WTII) the leader in the technology in atmospheric water generator’s production and design announced today that it has acquired 100% of Water Zone, Inc., based in West Palm Beach, FL.  Water Zone has been in business since 1985 providing residential and commercial water treatment throughout Florida.  The now wholly owned subsidiary, Water Zone, with its large client base creates synergies with Water Technologies’ product lines.  The combined Companies now have the ability to provide water treatment and water generation solutions to a large client base.  Water Technologies will focus on the commercial applications for the company’s water generation, waste water processing, ozone and hydrogen technologies.  The Company will continue to expand the “IP”, Intellectual Property and product portfolio.   The base revenues stabilize Water Technologies as it grows in several major growth markets in the US.  This solidifies the Company’s ability to license, market, and distribute its product line here and abroad bringing strong revenue growth.    

Water Technologies International, Inc. has evolved as a “Pure Water Play” generating, cleaning producing drinking water, water for agriculture and a full line or waste water treatment solutions.  The Company is now providing commercial and industrial wastewater solutions and feels it is important to update the shareholders on the Company’s developments as it strives to improve the existing technology and drive sales in Florida and on a Global basis.

Water Technologies, Inc.’s CEO, William Scott Tudor, said, “I am proud to announce the closing of Water Zone.  The Company has a great reputation and a great work force. The combined product lines our Companies will have the ability to provide water treatment and water generation solutions to a large client base.  I see this as a game changer for Water Technologies! Now we can focus on the commercial applications for the company’s Water Generation, waste water processing, Ozone and hydrogen technologies.  The goal is to expand the commercial water generation ability and lower our cost of production per gallon.  I’m extremely optimistic about our future here at home and abroad!”

Water Zone, Inc. Website:  https://www.water-zone.com/commercial-systems-and-services

A video showing the proof of concept prototype is available at the company’s website, www.gr8water.net

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 issued by the USPTO 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.

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.

For Further Information Contact:
Investor Relations for Water Technologies Intl., Inc.
William S, Tudor, CEO
772-335-5550

Primary Logo

Source: Water Technologies International, Inc.