Basin Water, Inc. (NASDAQ:BWTR), announced today the appointment of Mr. Richard A. Reese by its Board of Directors to serve as an executive officer of the company, with the title Vice President of Marketing. Mr. Reese is a fifteen-year veteran in marketing, sales and integration of technology into service-based businesses for the industrial and municipal water and wastewater markets. Immediately prior to joining Basin Water, he served as Vice President and General Manager, Aftermarket, for Siemens Water Technologies, a world leader in water and wastewater products, equipment and service. He has been with Basin Water since September of 2007, and during that time has been responsible for aligning both the company�s technology and services offerings and its sales force with the needs of the nationwide marketplace. According to Mike Stark, President and Chief Operating Officer of Basin Water, Mr. Reese�s appointment underlines the company�s commitment to developing a team of top industry talent to manage its continuing growth. �2007 was a year of big changes at Basin, and Richard�s performance in developing the marketing strategies and capabilities needed for both our geographical expansion and our entry into strategic industrial markets has been exemplary,� said Stark. �Richard is a proven team builder with a strong track record of stimulating growth and profit within complex services-oriented organizations. Basin is poised to move forward into 2008, and to establish a national presence in both the municipal and industrial water treatment markets,� he added. During his 10-year tenure with USFilter and Siemens Water Technologies, Mr. Reese also held positions as Senior Vice President, Marketing - Services Group, Vice President - Customer Service and Satisfaction, and Vice President and General Manager - Recovery Services Southwest. Prior to joining USFilter, Mr.�Reese served in Regional Vice President and Business Development roles with Mobley Environmental Services, Inc., as an Operations manager for Browning Ferris Waste Management Systems Inc., and as an engineer for R.J. Brown and Associates of America and J.P. Kenny Offshore Engineering. Mr.�Reese holds a B.S. degree in Ocean Engineering from Texas A&M University and an MBA from the University of Texas. He resides in Houston, TX. About Basin Water Basin Water, Inc. is a provider of reliable, long-term process solutions for a range of clients, which includes designing, building and implementing systems for the treatment of contaminated groundwater, the treatment of wastewater, waste reduction and resource recovery. Basin Water employs treatment technologies including its own proprietary, scalable ion-exchange wellhead treatment system, along with a host of other treatment technologies designed to meet customer needs in an efficient, flexible and cost effective manner. Additional information may be found on the company's web site: www.basinwater.com. Forward Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, including expectations relating to future revenues and income, the company's ability to gain new business and control costs, involve risks and uncertainties, as well as assumptions that, if they prove incorrect or never materialize, could cause the results of the company to differ materially from those expressed or implied by such forward-looking statements. Actual results may differ materially from these expectations due to various risks and uncertainties, including: the company's limited operating history, significant operating losses associated with certain of the company's contracts, the company's ability to identify and consummate other acquisition opportunities that improve the company's revenues and profitability, significant fluctuations in its revenues from period to period, its ability to effectively manage its growth, the success of the company's strategic partners, its long sales cycles, market acceptance of its technology, the geographic concentration of its operations and customers, its ability to meet customer demands and compete technologically, the company's ability to protect its intellectual property, regulatory approvals of the company's systems, changes in governmental regulation that may affect the water industry, particularly with respect to environmental laws, the company's ability to attract and retain qualified personnel and management members and the company's ability to manage its capital to meet future liquidity needs and the timing of the company's stock repurchases, if any. More detailed information about these risks and uncertainties are contained in the company's filings with the Securities and Exchange Commission, including the company's Annual Report on Form 10-K for the year ended December 31, 2006 and subsequent Quarterly Reports on Form 10Q. The company assumes no obligation to update these forward-looking statements to reflect any change in future events.
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