Water Technologies International, Inc. Executes Mu
Post# of 53484
Global Care Administrators & Plan 2 Account serves Hospital Networks with Audit & Recovery Software and Management services then recommends Energy, Water & Air Purification Systems to produce off grid Gasification Energy Systems for commercial applications
PORT ST. LUCIE, FL--(Marketwired - June 27, 2017) - Water Technologies International, Inc. (OTC PINK: WTII) (News), the leader in the technology for atmospheric water generator's production and design, announced today that it has signed an MOU or memorandum of understanding with Global Care Administrators, Inc., of Charlotte, North Carolina. The Agreement is for Water Technologies International, Inc. to acquire a 5 % ownership in GCA and partner with GCA and Plan 2 Account to provide specialized services to Hospital Groups across the United States and Internationally. The minority stake in Global Care Administrators will be purchased with both stock and cash. The services range from waste to energy, gasification systems, air and water filtration and atmospheric water generators. The Company plans to employ new technologies to hospitals for cost reductions in the daily operations. The companies will represent each other's products to combine the off-grid energy systems with the atmospheric water generators.
Global Care Administrators, Inc., of Charlotte, North Carolina provides audit and recovery software and management solutions to hospital networks across the United States and Internationally. Their affiliated company, Plan 2 Account, is in the business of hospital revenue analysis and recovery, particularly regarding accounts and claims already written off as non-collectible, or "zero-balance" accounts. P2A's unprecedented recovery system leverages nearly three decades of data accumulation into a business intelligence engine that specializes in freeing up trapped assets for the Company's clients. P2A's business intelligence engine was designed using knowledge gained from management's unique experience building actuarial systems, payer systems, and provider networks. P2A's executive team has more than 80 years of collective experience in the industry, and the Company's state-of-the art asset recovery system has collected hundreds of millions of zero-balance accounts for hospitals across the U.S.
Water Technologies International, Inc., will create a new solely owned subsidiary for manufacturing, sales, and support for Gasification units for Bio-mass and Medical Waste disposal throughout the world keeping medical waste and municipal waste out of landfills and generating a sustainable source of clean renewable water and energy for electrical grid assist or off grid systems. The systems can be used for municipal waste, biomass, off grid resort hotels, farming, green house agriculture and micro grid communities. This process is green technology that releases clean emissions. The combination of the two companies' products can complement each other where there is a scarcity of water and electricity.
Water Technologies Inc.'s CEO, William Scott Tudor, said, "I am excited to have a Network of Hospitals we can now provide new products and services to, and have an onsite "Waste to Energy" plant to provide electricity to reduce costs and power our Atmospheric Water Generators. This brings a new audience for our many products. Atmospheric Water Generators, as well as our waste water product line that requires a steady electrical supply to operate. This should lead to more sales for both of our companies."
Global Care Administrator's, Director of Network Development, Isaac Montanya said, "The whole team at Global Care Administrators is very enthusiastic and thrilled to be entering into this new relationship with Water Technologies, being able to offer these cutting-edge products to our growing Hospital client base is very exciting and we look forward to being at the forefront of cutting edge technology."
For a direct link to a copy of the company's product information "Slick Sheets" visit our website at: www.gr8water.net/products/product-slick-sheets .
For a direct link to a copy of the Patent Certificate visit our website at the "Our Business" tab under "Intellectual Properties" at: http://www.gr8water.net/our-business/intellectual-properties
About the Company
Water Technologies International, Inc. and its wholly owned subsidiaries, GR8 Water, Inc. (Great Water) and Aqua Pure International, Inc. (Specializing in Filtration Systems) are engaged in the manufacture and distribution of technologically advanced Atmospheric Water Generators (AWG). A video showing the proof of concept prototype is available at the company's website, www.gr8water.net
Statement as to Forward-Looking Statements.
Forward-Looking Statements certain statements in this release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors. We assume no obligation to update the information contained in this news release.
For Further Information Contact:
Water Technologies Intl., Inc
William S. Tudor
CEO
Phone 772-335-5550