TORONTO, Sept. 17, 2018 /CNW/ - The Concerned Shareholders
of Current Water Technologies Inc. ("Current Water" or the
"Company") wish to thank the many fellow shareholders that
supported their director nominees at the Company's annual
shareholders' meeting held on September 14,
2018.
Mr. Ron Hrynyk, one of the
Concerned Shareholders states: "We would like to thank the
shareholders who supported us in seeking a more independent board
of directors and greater transparency at the Company.
We hope the board of directors understands that when
approximately 40% of the shares voted at the meeting were voted
against the management nominees, the board needs to examine
carefully how the Company is operating and communicating with its
shareholders. Without shareholder support and additional
capital investment, the Company will not maximize shareholder
value."
While the Concerned Shareholders' slate of nominees for a new,
invigorated and qualified board focused on creating shareholder
value and harnessing the potential of Current Water, did not get
elected at the shareholders' meeting, the Concerned Shareholders
will continue to press for a strategic plan from the Company and
hold its board and management accountable for the Company's
performance.
ADDITIONAL INFORMATION
This press release contains forward-looking statements. All
statements that are not clearly historical in nature or that
necessarily depend on future events are forward-looking, and the
words "anticipate", "believe", "expect", "estimate", "plan", "will"
and similar expressions are generally intended to identify
forward-looking statements. These statements are based on current
expectations of the Concerned Shareholders and currently available
information. They are not guarantees of future performance, involve
certain risks and uncertainties that are difficult to predict, and
are based upon assumptions as to future events that may not prove
to be accurate. The Concerned Shareholders do not assume any
obligation to update any forward-looking statements contained in
this press release, except as required by applicable law. Please
refer to the Concerned Shareholders' circular dated August 28, 2018 for further information regarding
the risks of these statements.
Except where otherwise stated herein, the statements contained
in this press release are not made by or on behalf of the
management of the Company but are made by or on behalf of the
Concerned Shareholders.
A copy of this press release may be obtained on the Company's
SEDAR profile at www.sedar.com.
SOURCE Concerned Shareholders of Current Water Technologies
Inc.
