Profile Alert!

Clean Water Technologies Inc. (OTC BB: CWTI)

Key Information

Stock Symbol OTCBB: CWTI Founder Laurie and Howard Scala
Founded April 1998 Industry Environmental Services
Outstanding  5.7 m 52 Wk Range $.05-$.75
Float 2 m Recent Price $.30

The Company

  • 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. 


  • After reaching an all-time high at $3.00 per share in August 2000, the stock now trades at just 5% of that peak. The price recently rose above the 50-day moving average. First resistance is at the old support level of 40-50 cents.


  • Laurie C. Scala, President is a graduate of Douglas College in Communications  (B.A. 1975). She began her brokerage career as a registered representative of Merrill Lynch, Pierce, Fenner & Smith, Inc. in 1976. In 1980, she became a Vice President of Herzfeld & Stern, Inc. In 1982, Mrs. Scala assumed a position as Vice President of Thomson McKinnon Securities, Inc. In 1986 she co-founded Escalator Securities, Inc. and took the parent company public. Since its formation in 1998, Mrs. Scala has worked for the Company. 
  • Howard A. Scala, Vice President is a graduate of Syracuse University School of  Management in Marketing (B.S. 1973). He began his brokerage career as a registered representative of Merrill Lynch, Pierce, Fenner & Smith, Inc. in 1976. In 1980, he became a Vice President of Herzfeld & Stern, Inc. In 1982, Mr. Scala assumed a position as Vice President of Thomson McKinnon Securities, Inc. In 1986 he co-founded Escalator Securities, Inc. and took the parent company public.  Since its formation  in 1998, Mr. Scala has worked for the Company.


  • Forbes Magazine (09/16/2002 Issue) : "Stock market history says that small companies beat large ones coming out of recessions and stock market corrections. If history is destined to repeat, now is the time to buy into little companies, since we have had a recession and a doozy of a correction."

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