Company Accepts Resignation of Stanley T. Weiner as Chairman and CEO
STW Resources Holding Corp. (OTCQB: STWS), Board of Directors announced
today that Stanley T. Weiner has tendered his resignation as Chairman,
Chief Executive Officer and President effective October 26, 2015. Mr.
Weiner will remain a member of the Board of Directors. Alan Murphy, the
President of STW Water, has accepted and will serve as the Chairman,
Chief Executive Officer and President of STW Resources Holding Corp.
Mr. Murphy is a 25 year water industry veteran with experience and
expertise in the design, operations and management of numerous water
projects including project management and construction. He has been
involved in the design, engineering, project management and/or
maintenance of over 700 water technology-related projects in Texas and
internationally. Certified as a Texas Commission on Environmental
Quality (TCEQ) Level III Water Treatment Specialist, Mr. Murphy is a
noted industry expert in the field of water technology, primarily in
municipal, industrial, and oil/gas applications.
Mr. Murphy has expertise in membrane filtration systems, water recovery,
reuse, reclamation processes and desalination systems. He also has
invaluable experience in state and federal regulatory compliance as well
as electrical, automation controls, process design, troubleshooting
services and complete installation, full-scale commissioning, technician
training and plant operations.
"We are grateful for Stanley’s leadership over the past five years as
the company has developed into a successful water reclamation and
management company. I am sincerely grateful for the support I've
received from the Board of Directors, our customers, our shareholders
and our employees,” said Mr. Murphy.
“We will continue on implementing our strategy of growing revenues and
expanding our client base. With governmental authorities and the public
now well aware of the crying need to invest in water remediation and
infrastructure projects, STW has a great opportunity to build a
geographically and technologically diverse company that is a leader in
the water industry,” Mr. Murphy concluded.
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Resources Holding Corp.
STW Resources Holdings Corp, (OTCQB: STWS) is a quality provider of
water reclamation and processing management services, and rig cleaning
services through its three subsidiaries. STW Water is a Total Water
Solutions Provider Company and provides turnkey design build solutions
and provides its Customers with “out-of-the-box” design solutions to
meet customer’s water needs. STW Water has capabilities to provide
complete oversight of various water and wastewater projects with primary
focus on engineering, regulatory permitting including Public Water
Systems (PWS), Discharge permits, Pilot exception and Pilot Study,
equipment design & treatment process design, manufacturing &
installation and full scale Commissioning and training for all types of
oil & gas, industrial and municipal water and wastewater markets
throughout the State of Texas. STW’s model of water ownership has had
recent successes and broken ground on both the Ft. Stockton and MRK
ENVIRONMENTAL IMPACT: If STW’s Proprietary Technology is placed in-line
with a Seawater Reverse Osmosis System or used with a geothermal
operation, there will be no potentially environmentally sensitive brine
concentrate discharged into the local waterways since the system is Zero
Liquid Discharge and 95-97%+ of the fresh water is recovered
in the process. The waste stream is salt crystals and minerals. This is
a completely Blue/Green operation that provides a sustainable supply of
power and water for municipal and industrial use.
STW Pipeline uses the latest technology to install new pipelines and
repair and maintain aging oil & gas pipelines. Adam Jennings is CEO and
President of STW Pipeline Maintenance and Construction LLC, a wholly
owned subsidiary of STW Resources Holding Corp.
This news release contains forward-looking statements about our
business, or financial condition and prospects that reflect our
assumptions and beliefs based on information currently available. We can
give no assurance that the expectations indicated by such
forward-looking statements will be realized. There may be other risks
and circumstances that we are unable to predict. When used in this news
release, words such as "believes," "expects," "intends," "plans,"
"anticipates," "estimates" and similar expressions are intended to
identify forward-looking statements, although there may be certain
forward-looking statements not accompanied by such expressions.
Investors should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release. The
company's actual results could differ materially from those anticipated
in these forward-looking statements as a result of a variety of factors,
including risks discussed in the company's periodic reports that are
filed with the Securities and Exchange Commission and available on its
All forward-looking statements attributable to the Company or to persons
acting on its behalf are expressly qualified in their entirety by these
factors other than as required under the securities laws. The Company
does not assume a duty to update these forward-looking statements.
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