The Company has also has been approved for commercial financing and has signed an agreement with Karma Leasing, Ltd. of Beijing &Tianjin, to provide financing for the Company’s products throughout the country. The financing now available will give purchasers the option of traditional financing and leasing. Karma Leasing, Ltd. provides financing option in several industries throughout the country.
Water Technologies Inc.’s CEO, William Scott Tudor, said, “I am excited about having the product accepted by several groups in China. We are finally at the point where we can start the distribution in this huge market. The country has a shortage of clean drinking water and clean water for agriculture. There is a place in China for GR8 Waters’ complete line of products in this enormous market. The need for adequate water supplies to sustain life and provide water for industrial real estate and agriculture projects continues, especially in China.”
The Water resources of China are affected by both severe water quantity shortages and severe water quality pollution. A growing population and rapid economic development as well as lax environmental oversight have increased water demand and pollution. With a population of 1.6 billion people, China has the world’s largest population of any country. The need for clean water is one top priorities of the country. The regions are all in need of clean water not only for drinking but for agricultural and sanitation uses.