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Florida, February 25, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – Development of Energy and Water (OTCQB: EAWD) is pleased to announce that it has repaid the convertible loans issued during the years 2019 and 2020. All convertible loans have been repaid to avoid dilution and reduce the overall debt of the Company. The elimination of convertible loans registered in December 2020 represents an important step for the EAWD.
Ralph Hofmeier, CEO of Energy and Water Development Corp., said: “We believe this strategy will better position us to enter a growth phase, so we are focusing on new revenue-generating projects from our innovative production systems. water and energy sources and sources of equity capital such as our qualified Reg A offers institutional investors. The next step in our strategic plan is to continue assembly manufacturing in Hamburg, Germany, where Autonomous Motorized Atmosphere Water Generation (e-AWG) systems would be produced more quickly, which would allow us to satisfy current demand in the market. ”
This press release is neither an offer to sell nor a solicitation of an offer to buy securities, nor does it constitute an offer, solicitation or sale of securities in any jurisdiction in which such an offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of such jurisdiction.
About Energy and Water Development (OTCQB: EAWD).
Energy and Water Development Corporation is a green technology engineering solutions company focused on delivering water and energy to extreme environments. The company offers design, construction, maintenance and specialist consulting services to private companies, government entities and non-governmental organizations (NGOs). EAWD builds water and energy systems from already existing and proven technologies, using their technical know-how to customize solutions according to the needs of their customers. The company’s website is: www.eawctechnologies.com
Forward-looking statements
This press release may contain forward-looking statements. The words “believe”, “expect”, “should”, “intend”, “estimate”, “plan”, variations of these words and similar expressions identify forward-looking statements, but their absence does not mean not that a statement is not a forward-looking statement. These forward-looking statements are based on the Company’s current expectations and are subject to a number of risks, uncertainties and assumptions. The Company assumes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, there are the risks which are detailed in the documents filed by the company.
Contact information:
Energy and Water Development Corp.
Irma Velazquez, Director of Operations
Email: [email protected]
Phone. +1 347 871 8927
Phone. +49 179 911 9256
