Basin Water Names Susan Hegarty Snow to Board of Directors
May 06 2008 - 6:00PM
Business Wire
Basin Water, Inc. (NASDAQ:BWTR) today announced the appointment of
Susan Hegarty Snow to its Board of Directors effective May 6, 2008.
Ms. Snow has been appointed as a Class I Director with an initial
term expiring in 2010. Ms. Snow was also appointed to serve on the
Company�s Audit Committee and Nominating and Governance Committee.
From 2002 to 2007, Ms. Snow served as Chief Financial Officer,
Chief Administrative Officer and a Board Director of Maxim Systems,
Inc., a company providing mission critical communications, command
and control, intelligence, surveillance, target tracking, and
satellite programs for the Department of Defense and other
organizations. Prior to this, she held Chief Financial Officer
positions at Network Insight, LLC and AP Labs, Inc. � both
companies that sold, installed and operated computer networks and
systems for business and government. Earlier in her career, Ms.
Snow served in CFO and executive positions at water systems
companies including Desalination Systems, Inc. and Nimbus Water
Systems, Inc. Ms. Snow was awarded a Bachelor�s Degree from the
College of Notre Dame, a Master of Music from Boston University and
a Master of Science, Accounting from Northeastern University. She
was awarded a CPA certificate by the Commonwealth of Massachusetts
in 1985. Ms. Snow was named the Director of the Year in 2005 by the
Corporate Directors Forum and serves as a Board Director for a
number of organizations including PRI, Inc., the San Diego Regional
Chamber of Commerce, CONNECT, the Corporate Directors Forum and
Athena. She is a member of the University of San Diego Business
School Advisory Board. Scott Katzmann, Chairman of the Board for
Basin Water stated, �We are very pleased to have Susan Snow join
the Board of Basin Water. As an executive and board director with
extensive experience in corporate finance, accounting, corporate
governance, strategic planning and mergers and acquisitions, Susan
brings a background to Basin Water that is perfectly suited to help
guide us through continued growth.� In connection with Ms. Snow�s
appointment, Russell C. Ball will be resigning from the Basin Water
Board of Directors. Mr. Ball has served on the Board since February
of 2006. �We are very grateful for the dedication and insight
Russell Ball provided Basin Water in its transition from a start-up
technology company to the service-based growth company we are
today,� said Katzmann. �We want to thank him for his service,� he
added. 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, the company's
ability to manage its capital to meet future liquidity needs,
changes in the board of directors 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, 2007 and
subsequent Quarterly Reports on Form 10-Q. The company assumes no
obligation to update these forward-looking statements to reflect
any change in future events.
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