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| 8-K - STW RESOURCES HOLDING CORP. | v208263_8k.htm |
Exhibit
99.1
STW
Resources Elects Oil & Gas Veteran Dale F. “Tucker” Dorn
to
Board of Directors
Industry
Leader Adds More Than 40 Years Experience to STW Board
MIDLAND, TX, January 10, 2011 –STW Resources Holding
Corp. (“STW Resources”) (OTC BB: STWS), a water reclamation services company,
today announced the election of Dale F. “Tucker” Dorn to the Company’s Board of
Directors, effective immediately. The election of Mr. Dorn increases the
Company’s board to seven members, including six independent directors. Mr. Dorn
will serve on the Audit and Business Development committees.
Mr. Dorn
brings more than 40 years of experience in the oil & gas industry. Most
recently, he founded and serves as CEO of Dale F. Dorn Oil & Gas Minerals, a
privately held company that acquires and trades minerals. Previous oil & gas
experience includes 30 years in roles of increasing responsibility with the
Forest Oil Corporation, rising from Landman to Vice President to Director and
ultimately spending six years as the President of Flare, Inc., Forest’s frontier
exploration subsidiary. For two years, Mr. Dorn worked in Oil & Gas
Investment Banking, under Jim Glanville, with Lehman Brothers. He also founded
Bradford Natural Gas Corp., a company that exported natural gas to
Mexico.
“Water
reclamation has always been a key challenge in oil & gas production, and I
am excited to join STW to bring state-of-the-art solutions to address the
challenge of water reclamation and provide cost-effective water solutions for
oil and gas producers, municipalities, and environmental remediation
projects.”
Stanley
Weiner, CEO of STW Resources, commented, “Tucker brings a wealth of experience
and a lifetime of industry contacts to STW, and I am certain we will benefit
from his expertise on our Board of Directors.”
STW
Resources has already 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 is also
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. 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