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 Global Water.
"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, FATHOMTM Utility-to-Utility ("U2U™") Solutions. Initially developed by Global Water to support and
optimize its own utilities, FATHOMTM 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.
SOURCE: GWR Global Water Resources Corp.
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