Penny Stock Water Technologies International, Inc. (OTC: WTII ) announced Friday that it completed an agreement with a national leasing company to offer 100% financing to its customers. WTII’s atmospheric water generators (AWG), which produce an average of seven gallons of pure drinking water per day, can now be purchased, leased or rented under 100% financing terms for qualified buyers.
WTII closing price Friday, February 3rd was $0.135, up +29.81% (+0.031).
WTII traded volume of 9,971,075.
WTII has a Market Cap of $6.73M with 49.83M Shares Outstanding.
Water Technologies International is comprised of three wholly owned subsidiaries.
- GR8 Water, Inc., (Great Water) is focused on home and office, as well as large commercial AWG’s (Atmospheric Water Generators)
- Aqua Pure International, Inc., a Florida corporation that is focused on filtration devices for the AWG’s
- Water Technologies International, LLC, a Florida limited liability company
All of the associated companies are in the business of designing, manufacturing, and distributing Atmospheric Water Generators (AWG’s) and related products.
The agreement overcomes a significant marketing challenge and enables Water Technologies International’s sales and marketing to close a significantly higher volume of sales by giving its customers a cost effective alternative to traditional water coolers under attractive financing terms.
According to Water Technologies Inc.’s CEO, William Scott Tudor, “This agreement represents a milestone for our Company. We are now able to offer 100% financing to our customers. This is what our distributors needed to kick off sales. While it is obvious that environmental and humanitarian challenges have created an enormous opportunity for our Company, it also needs to be economically viable to be successful. This agreement overcomes a significant selling barrier and provides consumers with an opportunity to select an environmentally friendly solution at a comparable price.”
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