Forward Water Technologies Corp. Issues Shares for Payment of Services by AGORA Internet Relations Corp.

TORONTO, ON / ACCESSWIRE / December 27, 2022 / Forward Water Technologies Corp. (TSXV:FWTC) (the "Company") is pleased to announce that it has issued a total of 588,739 common shares in the capital of the Company in settlement of compensation to AGORA Internet Relations Corp. ("AGORA") for certain advertising services provided by AGORA to the Company over the last six months.

The Company has received significant exposure through millions of content brand insertions on the AGORACOM network and extensive search engine marketing over the last six months. In addition, exclusive sponsorships of invaluable digital properties such as AGORACOM TV, the AGORACOM home page and the AGORACOM Twitter account have served to significantly raise the brand awareness of the Company among small cap investors.

President and CEO, Mr. Honeyman comments, "AGORA has proven to be a valuable partner over the past six month period. We are delighted to have their services to continue to expand our presence in the clean technology sector."

As disclosed in the Company's December 17, 2021 press release the Company entered into an agreement with AGORA for the provision of marketing services for a period of one year. Pursuant to the terms of the agreement with AGORA, the Company agreed to pay a total fee of $100,000 + HST. The fee is payable, through the issuance of common shares of the Company and the 588,739 common shares being issued are being issued at deemed prices equal to the closing prices of the shares at each of the following dates:

• $20,000 + HST Shares for Services at end of the nineth month August 15, 2022 ($22,600.00 / $0.07 (Closing Price Aug 15/22);
• $20,000 + HST Shares for Services at end of the twelfth month November 15, 2022 ($22,600.00 / $0.085 (Closing Price Nov 15/22).

The shares are subject to a hold period that will expire on April 27, 2023.

About AGORACOM

AGORACOM is the pioneer of online marketing, broadcasting, conferences and investor relations services to North American small and mid-cap public companies, with more than 300 companies served. AGORACOM is the home of more than 7.7 million investors that visited 55.2 million times and read over 600 million pages of information over the last 10 years. The average visit of 8min 43sec is more than double that of global financial sites, which can be attributed to the implementation and enforcement of the strongest moderation rules in the industry.