Attached files
| file | filename |
|---|---|
| 8-K - STW RESOURCES HOLDING CORP. | v204953_8k.htm |
Exhibit
99.1
STW
Resources Elects Oil & Gas Attorney R.H. Tibaut Bowman to Board of
Directors
Longtime
Oil & Gas Attorney Adds More Than 35 Years Experience to STW
Board
MIDLAND,
Texas, Dec. 1, 2010 /PRNewswire via COMTEX/ -- STW Resources Holding Corp. ("STW
Resources") (OTC Bulletin Board: STWS), a water reclamation services company,
today announced the election of R.H. Tibaut Bowman to the Company's Board of
Directors, effective immediately. The election of Mr. Bowman increases the
Company's board to six members, including five independent directors. Mr. Bowman
will serve on the Audit and Business Development committees.
Mr.
Bowman has been active in the practice of oil and gas law and in the oil and gas
business for 38 years as an attorney and investor in San Antonio, Texas. He was
a partner in the firm of Gresham, Davis, Gregory, Worthy, and Moore, until
starting a private practice in 1993. He currently serves on the Board as a
general counsel for two independent oil and gas exploration companies with
headquarters in South Texas and operations in various states, and also on the
Board of Kuper Sotheby's International Realty. Mr. Bowman also previously served
on the Board and as general counsel for Fox Photo, a NYSE-listed company, and he
has extensive experience in mergers, acquisitions, and divestures in various
areas including real estate, retail, wholesale businesses, and oil & gas, in
both public and private sectors. Mr. Bowman is a graduate of the University of
Texas (BBA- Finance '69, JD '72).
"I
believe STW addresses an important and under-served issue related to water
reclamation in oil & gas production, and I think there are compelling
opportunities for an independent company that can deploy proven technology to
address the challenge of water reclamation," commented Mr. Bowman
Stanley
Weiner, CEO of STW Resources, commented, "Adding a proven industry leader like
R.H. Tibaut Bowman to our board helps to reinforce our credibility in the
industry. Mr. Bowman's M&A experience, coupled with his decades-long
presence in the oil & gas industry, will benefit STW as we execute our
strategic business plan."
STW
Resources previously announced it is deploying innovative technology for
cleaning and reclaiming hydraulic fracture flowback and produced waters from oil
and gas production in the Marcellus Shale gas region in Pennsylvania. STW has
also formed a Joint Venture, Water Reclamation Partners, LLC ("WRP"), with
privately held Aqua Verde LLC, under which Aqua Verde will assign its existing
Master Services Contract with a major oil & gas producer located in the
Denver-Julesburg (DJ) basin, to WRP. The Company anticipates addressing water
reclamation and other water solutions in other areas of the country, with a
particular focus on oil & gas production.
About STW
Resources
STW
Resources, Inc., Midland, Texas, provides customized water reclamation services.
STW's core expertise is an understanding of water chemistry and its application
to the analysis and remediation of complex water reclamation projects. STW
provides a complete solution throughout all phases of a water reclamation
project, including analysis, design, evaluation, implementation and operations.
For more information, go to: www.stwresources.com.
Investor
Relations Contact: Hayden IR: Brett Maas, Managing Partner (646)
536-7331
Media
Contact: Stern & Co.: Richard Stern (212) 888-0044
SOURCE
STW Resources Holding Corp.