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Water Technologies International, Inc. Announces Approval and Distribution Agreement With China for Company's Atmospheric Water Generators
Water Technologies International, Inc. Announces Approval and Distribution Agreement With China for Company's Atmospheric Water Generators.
About this update from Water Technologies International,inc.
[{"type":"text","content":"\n \n \n Water Technologies International, Inc. Announces Approval and Distribution Agreement With China for Company's Atmospheric Water Generators\n \n \nWater Technologies International, Inc. Announces Approval and Distribution Agreement With China for Company's Atmospheric Water Generators\n\nCompany Completes Agreement for Financing Atmospheric Water Generators Creating New International Distribution Channel and Revenue Streams\n\n \n PORT ST. LUCIE, FL--(Marketwired - Jul 10, 2014) - 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. \n 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.\n 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.\" \n The Water resources of China are affected by both severe water quantity shortages and severe water quality pollution. A g...