Question:
Global Water Technologies' Subsidiary Signs Agreement With Nalco Industrial any comments?

Answer: Global Water Technologies, Inc., through its wholly owned subsidiary, Psychrometric Systems, Inc., provides process cooling water primarily through the design, engineering and project management of cooling towers to industrial and manufacturing clients worldwide. Applied Water Technologies, Inc., another subsidiary of GWT, provides our customers with proprietary environmentally sound water treatment systems and services which are designed to meet the growing need for water purification and re-use worldwide. Global Water Services, Inc., another wholly owned subsidiary of GWT, provides total cooling water solutions and service programs to our customer base, including cooling water systems and water treatment services. Global Water Technologies, Inc., trades on the over-the-counter bulletin board under the symbol ``GWTR''.

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in future operating results due to a number of economic, competitive and other factors, including, among other things, the size and timing of customer orders, changes in laws, new or increased competition, delays in new products, production problems, changes in market demand, market acceptance of new products, seasonal in product purchases, and changes in foreign exchange rates. These factors, and other factors, which could materially affect the Company and its operations are included in the Company's filings with the Securities and Exchange Commission and are incorporated herein.