Clean Water Technologies, Inc. (OTCBB: CWTI)

Clean Water Technologies, Inc. is an incubator for new technologies; the company identifies, acquires, develops, and markets emerging technologies that conserve energy and protect and enhance the world's natural resources. CWTI's first acquisition was for a technology that removes arsenic from drinking water, discovered at the University of South Florida. Last year, the EPA issued new regulations requiring that the allowable parts per billion (ppb) of arsenic in our drinking water be reduced from 50 ppb to 10 ppb. Arsenic has been shown to cause cancer and leukemia. Clean Water Technologies Inc. has sublicensed this technology to Element 33, LLC. This discovery has been patented. In the year 2000, Clean Water Technologies Inc acquired Zorax, Inc., which has a technology developed at Johns Hopkins University to extract cryptosporidium and giardia from water. These are two waterborne parasites that cause sickness (and even death) if consumed. The patent is pending for this process. 

Clean Water Technologies, Inc. target markets for both divisions are small to medium sized water systems operated by municipalities. Clean Water Technologies, Inc. arsenic technology is also being marketed to large industrial customers for cleanup. One study has indicated a multi-billion dollar market in California alone. Water industry experts estimate utilities will spend as much as $31.4 billion a year in operating expenses and $14 billion in capital costs to become compliant with new water quality standards proposed by the Environmental Protection Agency. Since the new standards will affect more than 75,000 U. S. municipalities, CWTI is poised to realize enormous growth with its 20-year exclusive license to this proprietary technology

Clean Water Technologies, Inc. received initial revenues for the arsenic technology in January 2002.  In early April, they completed a name change to Clean Water Technologies, Inc. to better reflect their mission. Later in April, Clean Water Technologies, Inc. signed a non-disclosure agreement with an environmental company in Virginia that is developing a number of new technologies. Clean Water Technologies, Inc. also announced plans to apply for listing on the new BBX - Bulletin Board Exchange proposed by NASDAQ. 

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