Two Rivers Announces New Board Members
DENVER, Colorado, Dec. 03, 2018 (GLOBE NEWSWIRE) -- Two Rivers Water & Farming Company (“Two Rivers” OTCQB: TURV) is pleased to announce that it has appointed three new board members to replace resigned board members. These board members will serve until the next annual meeting of Two Rivers’ shareholders.
“I’m excited with our new board,” commented Wayne Harding, Chief Executive Officer of Two Rivers. “The new members are well rounded with expertise in water rights, finance, governance and capital formation.”
Layne Downs
Mr. Downs, 65, in the past 23 years has been a water broker and also has appraised water rights for a variety of cities, banks and estates. He has served as a water expert witness in court cases. As a water broker, Mr. Downs specializes in moving underground water from one diversion point to another. He has extensive knowledge in conveyance of water right deeds, beneficial use, artesian wells, proof of appropriation or permanent change along with adjudication of well rights.
Thomas Williams
Mr. Williams, 58, has over 30 years experience in the insurance industry. He has served in multiple roles in both originations and administration side of operations. Mr. Williams is currently an officer and director in a Bermuda-based insurance company. He is acting Vice Chairman of Capital Management of Bermuda, formally known as the Travelers of Bermuda one of the first chartered insurance companies in Bermuda. Additionally, he has formed three insurance operations. From 2008 to 2018, Mr. Williams served on the board of GEE Group, Inc., a public company traded on the NYSE American exchange. He chaired the nominating committee and was a member of the Corporate Governance Committee and Audit Committee.
James B. Kylstad
Mr. Kylstad, 66, has had an extensive 40-year career in banking, finance, public company management and reporting, mergers & acquisitions, and private capital investment. His work has included numerous start-ups, taking companies private to public, taking companies public to private, roll-ups, private sales, IPOs, and liquidations. During his career, Mr. Kylstad has been the Chairman of the Board, director and CEO of a number of public companies. This includes past director and Chief Operating Officer of Bank of Southern California and Chairman and Chief Executive officer of American Home Capital Corporation.
About Two Rivers
Two Rivers assembles its water assets by acquiring land with senior water rights. Two Rivers focuses on development and redevelopment of infrastructure for water management and delivery. Water is one of the most basic, core assets. Two Rivers’ first area of focus is in the Huerfano-Cucharas river basin in southeastern Colorado. Two Rivers’ long-term strategy focuses on the value of our water assets and how to monetize water for the benefit of its stakeholders, including communities near where its water assets are located. Currently, Two Rivers is focused on expanding their agriculture activity through growing hemp.
Forward-Looking Statements
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, including the inherent uncertainties associated with developing and acquiring land and water resources. There can be no assurance Two Rivers will be able to initiate and operate in accordance with its business plans. These forward-looking statements are made as of the date of this news release, and Two Rivers assumes any 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:
Carl - Investor Relations
Two Rivers Water & Farming Company
(410) 493-4876
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