GUELPH, Ontario, Sept. 11, 2018 (GLOBE NEWSWIRE) -- Current Water Technologies Inc. (TSX-V:WATR) (“CWTI” or “the
Company”)
CWTI would like to inform all shareholders that Messrs. Nizar Kammourie and Zachery Dingsdale
did not consent to be included as part of the nominees proposed by a group of concerned shareholders for election
at the Annual General Meeting of Current Water Technologies Inc. (“CWTI”) on September 14, 2018.
The Company is also pleased to announce that it has received confirmation from Messrs. Kammourie and Dingsdale
that they are supportive of the CWTI nominees and will vote the common shares directly or indirectly held or controlled by them in
favour of CWTI’s nominees as further described in CWTI’s Management Information Circular dated August 14, 2018.
Shareholders are encouraged to vote their shares using the proxy sent to you by Current Water Technologies Inc.,
it is NOT necessary to return the Concerned Shareholders Proxy if you have already voted
in support of the Current Water Technologies Inc. nominees.
About Current Water Technologies Inc.
Current Water Technologies is a “Technology Company” applying its patented and proprietary
“Electrochemical Technologies” to the treatment of waste water, desalination water and drinking water contaminated by metals or
nutrients, i.e., nitrate/ammonia associated with the mining, metal processing, chemical, agricultural, municipal and waste
management sectors. Pumptronics Incorporated will operate as a division of the Company and continue to function as an integrated
pump station manufacturer specializing in custom design and automation.
The common shares trade on Tier ll of the TSX Venture Exchange under the symbol “WATR”.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of
this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Dr. Gene S. Shelp, Ph.D., P.Geo.
President and CEO
Tel: (519) 836-6155
Fax: (519) 836-5683
E-mail: gshelp@currentwatertechnologies.com
Web Site: www.currentwatertechnologies.com
Forward Looking Statements
This news release contains forward-looking statements within the meaning of the “safe harbour” provisions of
the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and
other factors that may cause Current Water Technologies Inc. results to differ materially from expectations. These include risks
relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the
date hereof. Certain statements contained in this press release and in certain documents incorporated by reference
into this press release constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate",
"expect", "may", "will", "project", "should", "believe" and "confident" and similar expressions are intended to identify
forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in such forward-looking statements. Current Water believes that the
expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations
will prove to be correct and such forward-looking statements included in, or incorporated by reference into, this press release
should not be unduly relied upon. These statements speak only as of the date of this press release. Current Water undertakes no
obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or
otherwise.
