Two Rivers Appoints New Board of Director
11 Febrero 2014 - 6:15AM
Marketwired
Two Rivers Appoints New Board of Director
DENVER, CO--(Marketwired - Feb 11, 2014) - Two Rivers Water
& Farming Company (OTCQB: TURV) ("Two Rivers")
(www.2riverswater.com) announced today that as a result of the
recently completed financing, the Company's Board appointed Mr. Gus
Blass III as a director until its next annual meeting of
shareholders. Prior to Mr. Blass joining the board, Mr. Brad Walker
resigned from the Company's Board thereby maintaining five Board
members.
"We are excited to have Gus join our Board. He brings a depth of
farming knowledge and financing expertise which we will take full
advantage of as we rapidly expand our farming and associated water
business," said John McKowen, CEO and Chairman of Two Rivers. Mr.
Blass currently serves on three publicly traded company boards as
well as other for-profit and non-profit boards.
Mr. Blass commented, "I'm excited to serve on Two Rivers' Board.
I toured Two Rivers' farmland and met the staff recently. I believe
that Two Rivers is in the right space with farming and water with
the right management to oversee their expansion and
profitability."
About Two Rivers:
Two Rivers has developed and operates a new farming and water
business model suitable for arid regions in the Southwestern United
States whereby the Company synergistically integrates high value
fruit and vegetable farming and wholesale water distribution into
one company, utilizing a practice of rotational farm fallowing.
Rotational farm fallowing, as it applies to water, is a best
methods farm practice whereby portions of farm acreage are
temporarily fallowed in cyclic rotation to give soil an opportunity
to reconstitute itself. As a result of fallowing, an increment of
irrigation water can be made available for municipal use without
permanently drying up irrigated farmland. Collaborative rotational
farm fallowing agreements between farmers and municipalities make a
portion of irrigation water available for urban use. The Company's
initial area of focus is in the Arkansas River basin and its
tributaries on the southern Front Range of Colorado.
The second paragraph of this news release contains
"forward-looking statements," as that term is defined in Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Statements that are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
developing and acquiring land and water resources. There can be no
assurance Two Rivers will be able to raise additional capital, that
it will be able to increase the scale of its business, or that its
existing resources will be sufficient to meet all of its cash
needs. These forward-looking statements are made as of the date of
this news release, and Two Rivers assumes no obligation to update
the forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements.
Contact: John McKowen Two Rivers Water & Farming Company
(303) 222-1000 info@2riverswater.com
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