GWR Global Water Resources Corp. announces new board member to Global Water
PHOENIX, Dec. 19, 2012 /CNW/ - GWR Global Water Resources Corp. (TSX: GWR) and
Global Water Resources, Inc. ("Global Water") today announced the addition of
David Tedesco to the Board of Directors of Global Water Resources, Inc. Mr.
Tedesco will replace Dan Cracchiolo, who has chosen to retire from the Board.
Mr. Cracchiolo will remain a shareholder of GWR Global Resources Corp. and
"Mr. Tedesco has a track record of successful entrepreneurship and the Board
believes Global Water can benefit from his perspective and expertise as it
relates to the local Arizona market as well as the capital markets in
general," said William S. Levine, Chairman of Global Water. "I would like to
thank Dan for his contributions since the Company's inception in 2003."
David Tedesco is the founder and CEO of True North Companies, one of Arizona's
largest and most active private investment firms. Prior to forming True
North, Mr. Tedesco founded and served as Chief Executive Officer of multiple
successful companies. As an independent investor and lifelong entrepreneur,
Mr. Tedesco has served on the Board of Directors of a number of
organizations. His current Board roles include Passport Health, Anmark
Machine, Jokake Companies, HSi, ProGard, Midwest Products, Valley of the Sun,
United Way of Phoenix and the Nature Conservancy. Mr. Tedesco has been
recognized with Spirit of Philanthropy Award and the Clara Barton Award from
the American Red Cross. As part of his contribution to the community, Mr.
Tedesco formed the Tedesco Foundation, a non-profit entity focused on
providing strategic support to not-for-profit service providers in Arizona and
throughout the world.
About GWR Global Water Resources Corp and Global Water
GWR Global Water Resources Corp. owns an approximate 48.1% interest in Global
Water, a leading water resource management and technology company that owns
and operates water, wastewater and recycled water utilities, and provides
technology-enabled services through its unique platform, FATHOM(TM)
Utility-to-Utility ("U(2)U™") Solutions. Initially developed by Global
Water to support and optimize its own utilities, FATHOM(TM) OS is a
cloud-based geo-spatial integrated suite of utility-to-utility solutions
proven to increase utility revenue, decrease operating costs and improve
customer service. FATHOM™ puts water management tools in customers' hands.
Ross Marshall Investor Relations Tel: 416-815-0700 ext. 238
Email:firstname.lastname@example.org www.gwresources.com www.gwfathom.com
SOURCE: GWR Global Water Resources Corp.
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