Water Technologies International Inc (OTCMKTS:WTII) is a leader in the atmospheric water generator production technology and yesterday, it made a major new announcement with regards to its fully owned subsidiary unit Water Zone.
Market Action
On Wednesday, WTII stock decreased 8.33% to $0.0005 with more than 36.43 million shares, compared to its average volume of 7.39 million shares. The stock moved within a range of $0.0005 – 0.0007 after opening trade at $0.0005.
Water Technologies International, Inc. Signs with a Major Distributor for Florida Hospital Networks for Expansion of its “DI Water” Business
Water Zone is involved in providing commercial water treatment services to condos, large manufacturing facilities, hospitals and condos. It was announced yesterday that Water Zone had signed an agreement with a major distributor for delivering DI resin tanks to hospital chains located throughout the state of Florida. Due to this particular agreement, Water Technologies International believes that there would be additional growth throughout the year for its DI Water business.
In this regard, it should be noted that Water Zone boasts of a commercial DI Water Plant that makes DI Water Tanks and then distributes them across the state of Florida. The high end manufacturers, hospitals and car washes in the cities of Gainesville, Tampa, Jacksonville and others use these tanks for their specific purposes. However, that is not all.
It is perhaps also important to point out that Water Technologies International is currently looking into the possibilities of partnerships, joint ventures and acquisitions so as to further grow its business.
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