The Company is in Talks with Several Established Companies to Acquire and Developed Ultrapure High Dose, Hemp Derived, Nano Infused, Water and Alcoholic Beverages
WEST PALM BEACH, Fla., Nov. 29, 2018 (GLOBE NEWSWIRE) -- Water Technologies International, Inc. (OTC Markets Pink Sheets: WTII - News) the leader in the technology in atmospheric water generator’s production and design and water treatment, announced today, that it is entering the CDB,“Hemp Derived Cannabidiol” beverage industry through targeted acquisitions, and the development of an ultrapure, high potency, Nano infused, hemp derived cannabidiol, high alkaline water within its wholly owned subsidiary Aqua Pure International, Inc. The Company is in negotiations to entered into an agreement with a distillery and bottler to produce the specialty water which should launch in January next year. The Company will update the progress of the acquisitions as soon as the deals close. The Company is also negotiating an agreement with a hemp processing company that produces pharmaceutical grade products in the non-THC, hemp and CBD industry for water and other potential products.
Water Technologies International, Inc. has evolved as a “Pure Water Play” regenerating, cleaning producing drinking water, water for agriculture and a full line or waste water treatment solutions. Now, in the “Hemp Derived Cannabidiol Beverage Industry” as well. After the completion of the acquisition the Company will be 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 see Hemp Derived Water and beverage industry as a fast-growing sector on a national and international basis. I see this entry into the Hemp derived beverage sector as a great way to diversify our revenue growth and client base. Water Technologies’ product line is a good fit and we continue to see requests for proposals rise for the combined Companies. We should see substantial revenue growth over the next few years. WaterZone has stabilized Water Technologies in Florida which is one of the fastest growing markets in the US. This solidifies our ability to license, market, and distribute our product line here and abroad in the future!”
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 USPTO. 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
561-841-6024