Global Water Technologies receives new equity

Global Water Technologies Inc., a cooling water treatment company, has received $850,000 of new equity from George Kast, the Company's Chairman and Chief Executive Officer.

Oct. 9, 2002

GOLDEN, Colo., Oct. 9, 2002 -- Global Water Technologies Inc., a full-service cooling water treatment company utilizing advanced technologies and engineered solutions to provide process cooling water to power plants, process industries, HVAC and municipalities worldwide, has received $850,000 of new equity from George Kast, the Company's Chairman and Chief Executive Officer.

Kast purchased 530,657 shares of the company's Restricted Common Stock at a price of $1.60 per share.

About Global Water Technologies

Global Water Technologies Inc. is a water technology and services company with major installations in the areas of power, process and HVAC. The company utilizes its proprietary technologies to enhance a facility's production by providing cold, high-quality water to increase operating efficiencies, reduce water use and operating costs.

GWTR's client base includes, but is not limited to, the following companies: Archer Daniels Midland, British Petroleum Amoco, Calpine (NYSE:CPN - News), Duke Fluor Daniel, General Electric (NYSE:GE - News), Kerr McGee, Bechtel Power Corporation, Mitsubishi, Mobil, Shaw Group (NYSE:SGR - News), Texaco, and YORK International.

Source: Global Water Technologies, Inc.