Cavitation Technologies, Inc. Announces the Appointment of James W. Creamer III as the Company’s Chief Financial Officer

Chatsworth, California – (NewMediaWire) – October 28, 2022 – Cavitation Technologies, Inc. (“CTi” or the “Company”) (OTCQB: VAT), a leading ESG-focused company that designs and manufactures innovative continuous-flow nanotechnology systems for fluid handling applications worldwide, is pleased to announce that it has appointed James W. Creamer III as Chief Financial Officer from October 21, 2022.

Jim has served as CFO of several publicly traded and private companies since 2005 after a fifteen year career in investment banking. Since 2011, Jim has served as the Principal of Corporate Solution Advisors, LLC which provides outsourced fractional CFO services to growth-oriented small businesses in a variety of industries including technology, video game development, mining, oil and gas and real estate. Between 1990 and 2005, Jim served as Vice President of Commercial Banking at Vectra Bank Colorado, Vice President of Investment Banking at JP Turner & Company, Director of Equity Research at Global Capital Securities and Vice President of Institutional Fixed Income Sales at Hanifen Imhoff, Inc.

Jim holds a Bachelor of Science in Finance from Arizona State University and holds the Chartered Financial Analyst (CFA) designation.

Neil Voloshin, CEO of Cavitation Technologies, Inc., said, “We are delighted to welcome Jim to the team as our new Chief Financial Officer. His experience and leadership will greatly help the Company at this critical time in our growth strategy. »

About Cavitation Technologies, Inc.

Founded in 2007, the company designs and manufactures innovative continuous-flow devices and systems, and develops process technologies for refining edible oils, producing renewable fuels, treating water and improving alcoholic beverages. The company’s patented Nano Reactor® systems and various technologies have over 48 patents issued and filed domestically and internationally. https://www.cvatinfo.com/.

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Forward-looking statement

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some instances, forward-looking statements may be identified by words such as “may”, “should”, “potential”, “continuing, ” expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates” and similar expressions. These forward-looking statements are based in large part on the Company’s expectations and are subject to number of risks and uncertainties, some of which are beyond the Company’s control. Actual results could differ materially from these forward-looking statements due to a variety of factors, including the state of the economy, the competitive environment and our ability to to perform as intended and other factors described in our most recent Form 10-K and our other filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. these risks and uncertainties, there can be no assurance that the forward-looking statements contained in this press release will materialize or prove to be accurate. The information in this release is made only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release as a result of new information, future events or otherwise, except if required by law.

Cavitation Technologies, Inc.

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