CLINTON, Conn., Jan. 31, 2008 (PRIME NEWSWIRE) -- Connecticut Water (Nasdaq:CTWS) announced that Thomas R. Marston has been named Vice President - Business Development. Prior to his appointment, Mr. Marston had served as the Company's Vice President -- Treatment and Planning.
Eric W. Thornburg, Connecticut Water's President & CEO, states, "Growing our Company through acquisitions is a critical component of our strategy. I believe the time is right for Connecticut Water to have a dedicated high level leader, like Tom Marston, who is focused on identifying acquisition candidates and negotiating transactions that benefit customers and shareholders. I am pleased the Company's Board of Directors unanimously supported the establishment of the Vice President -- Business Development position and the appointment of Mr. Marston."
Mr. Marston has led Connecticut Water's business development efforts for more than a decade and was the driving force behind many of our unregulated activities, such as the Linebacker(r) service line protection program and the Company's contract water and waste water operations.
Mr. Marston was integrally involved in the Company's recent acquisitions, including the recently completed acquisition of Birmingham Utilities' Eastern Division, the Hilldale Park Homeowners' Association water system, Avery Heights, and South Coventry Water Supply Company.
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This news release may contain certain forward-looking statements regarding the Company's results of operation and financial position. These forward-looking statements are based on current information and expectations, and are subject to risks and uncertainties, which could cause the Company's actual results to differ materially from expected results.