Global Water Technologies Releases Shareholder Letter and Company Update

DENVER, Dec. 16 /PRNewswire-FirstCall/ — Global Water Technologies, Inc.
(Pink Sheets: GWTR) a technology-driven water purification and services
provider to the $400 billion water industry, today released a shareholder
letter and update on the company from president and CEO George Kast.

To our valued shareholders,

As 2008 draws to a close, I would like to provide our shareholders with an
update on the company’s activities and future plans.

The current status of the global economy coupled with projections for a
continued downturn over the next year has prompted all companies, including
Global Water Technologies, to take a close look at operations and determine
the best course of action to move the company forward in a positive and
profitable manner. After careful consideration, we have taken the following
steps:

— Due to drastic changes in both the financial and commodities markets
over the past six months, the sale of Electric H2O, Inc. and Watergy Produced
Water Solutions, Inc. that was announced in April 2008 has been rescinded by
mutual agreement of the acquiring company and Global Water Technologies.

— In exchange for consideration paid to date, the parties have mutually
agreed that the acquiring company shall retain Watergy, while Electric H2O,
Inc. and its related intellectual property shall immediately revert to Global
Water Technologies.

Global Water Technologies has historically been a provider of
environmentally friendly water solutions and this move will allow us to focus
on further enhancing revenue from our portfolio of non-chemical water
technologies and expanding our base of customers for related products and
services. Such focus on existing products and services is the best way to
increase both revenues and profits in the coming year.

The growth potential for these products and services has been demonstrated
in the past year through:

— additional Asian market sales to new customers in India and the
Philippines

— new European sales opportunities through existing customers in
Switzerland

— multiple U.S. sales to a “big box” retailer with international
operations

Global Water Technologies continues to move forward with development of
other innovative products and services, including the onsite sulfuric acid
patent application and process that was announced this summer.

In addition, the board has determined that it is appropriate to continue
with its previously announced plans to become an SEC-compliant company in 2009
and seek listing on additional worldwide exchanges. We have taken steps to
move forward with these plans, including retiring all outstanding convertible
debentures in 2007 and eliminating all long-term debt in 2008. We have not
increased our authorized shares in 2008 and believe that we will move into the
new year with a solid platform for focused growth as a public water and
environmental enterprise.

Furthermore, we have listened to the requests of existing shareholders who
have sought greater communications and more frequent updates on company
activities. In addition to the financial reporting that will result from
becoming SEC-compliant, we are also taking steps to provide regular
communications with shareholders and all stakeholders of the company. This
letter is the first step in that process.

I would like to thank all of the current shareholders of Global Water
Technologies for their interest in our company and continued support. The past
four years have been a period of rebuilding and your support has been key to
our future success.

I look forward to providing additional information as we move forward with
these plans and several other projects that we will be announcing in the near
term.

    Sincerely,

    George Kast

ABOUT GLOBAL WATER TECHNOLOGIES:

Global Water Technologies, Inc. (OTC: GWTR) is a “CleanTech” water
treatment and services company with “clearly” innovative technologies, focused
on the energy, power, oil and gas, process, HVAC and municipal markets. GWT
has an established client base of over 500 customers in more than 25 countries
worldwide. GWT’s products treat over 10 billion gallons of water per day.

FORWARD LOOKING STATEMENT:

Statements in this press release relating to plans, strategies, economic
performance and trends, projections of results of specific activities or
investments, and other statements that are not descriptions of historical
facts may be forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking
information is inherently subject to risks and uncertainties, and actual
results could differ materially from those currently anticipated due to a
number of factors, which include, but are not limited to, risk factors
inherent in doing business. Forward-looking statements may be identified by
terms such as “may,” “will,” “should,” “could,” “expects,” “plans,” “intends,”
“anticipates,” “believes,” “estimates,” “predicts,” “forecasts,” “potential,”
or “continue,” or similar terms or the negative of these terms. Although we
believe that the expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee future results, levels of activity,
performance or achievements. The company has no obligation to update these
forward-looking statements.

    KEYWORD:  COLORADO, CLEANTECH, POWER, ENERGY, UTILITY, WATER, WASTEWATER,
              ENVIRONMENT, AGRICULTURE, ETHANOL, HVAC, FLORIDA, TEXAS, NON-
              CHEMICAL

    INDUSTRY:  GREENTECH
               POWER
               ENERGY
               UTILITY
               WATER
               ENVIRONMENT
               HVAC
               WASTEWATER
               ETHANOL
               AGRICULTURE

[Via http://www.prnewswire.com]

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