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Water Technologies International, Inc. Repurchased Balance on Convertible Note
Water Technologies International, Inc. Repurchased Balance on Convertible Note.
About this update from Water Technologies International,inc.
[{"type":"text","content":"\nWater Technologies International, Inc. Repurchased Balance on Convertible Note\n\nWater Technologies International, Inc. Repurchased Balance on Convertible Note\n\n\nThe $25,000 Convertible Note Had a Balance of Approximately $10,000.00 and the Balance Was Paid and the Convertible Note Was Retired\n\nPORT ST. LUCIE, FL--(Marketwired - September 20, 2016) - Water Technologies International, Inc. (OTC PINK: WTII), the leader in the technology for atmospheric water generator's production and design, announced today that it has repurchased the remaining balance on an outstanding convertible note. The convertible note was issued in 2014 and the Company received $25,000.00 for general working capital. Water Technologies wanted to curtail the dilution the note was causing after several low priced conversions. Water Technologies Inc.'s CEO, William Scott Tudor, said, \"I felt the common stock dilution from the outstanding convertible notes was causing too much dilution. Our goal has always been to land an institutional or Government order. I am still very confident we will reach our goal this year! We are forming alliances with Hydrogen Electric companies that produce hydrogen fuels that need clean water to produce electricity. The combination of our products enables the building of electric and water utilities in remote areas. We have a powerful solution for small towns or villages and many other applications.\" 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.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-propertiesAbout 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 \"Patents\" & patents 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 ...