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 STW Resources Holdings, Inc.
(OTCQB:STWS)
 

 

LATEST NEWS


 

STW Resources Holding Corp Releases Third Quarterly Report for 2015, Posts $8.7 Million in Nine Month Revenues

Water Remediation Company Reports Third Quarter Revenues of $3.9 Million; Water Revenues Increase 795% Quarter to Quarter

MIDLAND, TX--(Marketwired - Nov 30, 2015) - STW Resources Holding Corp. (OTCQB: STWS), a provider of high-quality pipeline, water reclamation and processing management services including water desalination, announced today that its financial results for the nine months ended September 30, 2015 have been filed on its Form 10-Q Quarterly Report with the Securities and Exchange Commission (SEC). A detailed Form 10-Q is available on the company web site.

STW Resources reported revenues from continuing operations for the nine months ended September 30, 2015, of $8,693,437. Although this represents a 2% increase in revenues from the nine months ended September 30, 2014, gross profit during the nine months ended September 30, 2015, increased by $2,264,176, or 349% over the nine months ended September 30, 2014. The Company's gross profit margin during the nine months ended September 30, 2015, increased to 34% as compared to 8% during the nine months ending September 30, 2014. The significant improvement in gross profit margin demonstrates the success of corporate initiatives set forth by Company management to increase profitability by reducing cost of revenues, improving operating efficiencies, and shedding less profitable business units.

During the three months ended September 30, 2015, revenues from water reclamation and desalination services increased to $1,063,219 from $118,859 during the three months ended June 30, 2015, an increase of 795% over the prior quarterly period. Total revenues for the three months ended September 30, 2015 increased to $3,907,570 from $2,587,460, an increase of $1,320,110, or 51% over the prior quarterly period.

During the nine months ended September 30, 2015, the Company discontinued its operations of STW Energy LLC and STW Oilfield Construction LLC, realizing losses from discontinued operations of $743,913 and $1,505,616, for the nine months ended September 30, 2015 and 2014, respectively. The discontinuance of these operations enabled the Company to focus its resources on its more profitable STW Pipeline and STW Water Resources business segments, which the Company believes offers the highest growth and profit potential.

The Company's net loss for the nine months ended September 30, 2015 was $6,637,675 as compared to a net loss of $11,641,886 during the nine months ended September 30, 2014, a reduction in net loss of $6,004,211, or 43%.

The Company's non-GAAP net loss, which is net loss adjusted for non-cash expenses including stock-based compensation, amortization of debt discount, financing costs, and change in derivative liability was $4,319,719 for the nine months ended September 30, 2015, compared to $6,787,018 for the nine months ended June 30, 2014, an improvement of $2,467,299, or 36%.

During the three months ended September 30, 2015, the Company reported revenues of $3,907,570, which represents an increase of $588,287, or 18% growth, over revenues during the three months ended September 30, 2014. Gross profit during the three months ended September 30, 2015, increased by $578,117, or 104% over the three months ended September 30, 2014. The net loss for the three months ended September 30, 2015 was $2,240,933 compared to a net loss of $5,174,294 during the three months ended September 30, 2014, a reduction in net loss of $2,933,301 or 58%.

Investor Database for Future Press Releases and Industry Updates

Interested investors and shareholders are invited to be added to the corporate e-mail database for corporate press releases and periodic industry updates by sending an email to cleanwater@stwresources.com

About STW Resources Holding Corp.

STW Resources Holdings Corp. (OTCQB: STWS) is a quality provider of oilfield services, water reclamation and processing management services, and rig cleaning services through its three subsidiaries. STW Water is a Total Water Solutions Provider Company and provides turnkey design build solutions and provides its Customers with "out-of-the-box" design solutions to meet customers' water needs. STW Water has capabilities to provide complete oversight of various water and wastewater projects with primary focus on engineering, regulatory permitting including Public Water Systems (PWS), Discharge permits, Pilot exception and Pilot Study, equipment design & treatment process design, manufacturing & installation and full scale Commissioning and training for all types of oil & gas, industrial and municipal water and wastewater markets throughout the State of Texas. STW's model of water ownership has had recent successes and broken ground on both Upton County and Ft. Stockton, Texas projects.

The Company consults and provides customized water analysis, reclamation and remediation services to a variety of complex oil and gas produced and flowback water, brackish water, ocean water desalination, industrial, and municipal applications throughout several geographic locations to fill a tremendous need for fresh water in the areas they service. As an independent solutions provider, STW utilizes proven technologies, from various well-known manufacturers. These technologies are available as fixed or mobile units with varying capabilities. STW's process ensures that the most effective and efficient technologies are implemented. Current potential project locations include the Eagle Ford Shale (TX), the west Texas Delaware and Permian Basins (TX), eastern New Mexico, and ocean desalination projects on the Gulf Coast of Texas, California, and Hawaii.

ENVIRONMENTAL IMPACT: If STW's Proprietary Technology is placed in-line with a Seawater Reverse Osmosis System or used with a geothermal operation, there will be no potentially environmentally sensitive brine concentrate discharged into the local waterways since the system is Zero Liquid Discharge and 95-97%+ of the fresh water is recovered in the process. The waste stream is salt crystals and minerals. This is a completely Blue/Green operation that provides a sustainable supply of power and water for municipal and industrial use.

 

STW Resources Holding Corp Receives Approval for Water Permits in West Texas

Pecos Middle Water District Unanimously Approves a Drilling Production and Transportation Permits

 

MIDLAND, TX--(Marketwired - Dec 16, 2015) -  STW Resources Holding Corp. (OTCQB: STWS), a provider of high-quality pipeline services, water reclamation and processing management services including water desalination, announced today that it has received approval from the Middle Pecos Water District for drilling, production and transportation of the water on STW Water's MRK lease in Pecos County.

Previously, STW Water applied for a consolidated drilling and production permit from the San Andrés formation to be utilized within the county and to be exported out of Pecos County to surrounding areas in need of water. The water district approved the permit in a unanimous decision, with STW meeting the following conditions:

5000 acre-feet or 4,464,000 gallons per day for industrial use (oil and gas) with the ability to export the water out of the county
The drilling of one monitor well on the Company's leased property
Approval for three new wells to be drilled and spread out on the two properties near Imperial, TX on land STW has under lease
The ability to rehab the existing two wells (MRK East & MRK West) if STW is unable to rehab the wells, whereupon the Company will plug the wells with the ability to request two replacement wells from the General Manager of the water district
The submission of a revised and updated Hydrogeological study to the water district from the information obtained by drilling and testing these wells

The company also has the ability to submit a request to the water district for a larger permit once it is determined by the hydrogeologist that the formation can withstand an increase in yield without any negative effects. Additionally, with several prospective buyers already in place, STW expects to begin water sales in the first quarter of 2016, selling water immediately at a profitable margin. The Company anticipates water sales in the first quarter of 2016, as it has already received a letter of intent from a local customer to purchase water.

"This is a milestone achievement for STW, one that we have been working towards for quite some time and are thrilled has come to fruition," said Alan Murphy, CEO of STW Resources Holding Corp. "We consider this to be a pivotal moment in establishing STW's West Texas Water Project as one that will provide processed and/or raw alternative water from multiple sources direct to the end-user. With the production and transportation permits approved, the Company can now market the water more effectively, and begin to execute sales agreements with local buyers."

Investor Database for Future Press Releases and Industry Updates

Interested investors and shareholders are invited to be added to the corporate e-mail database for corporate press releases and periodic industry updates by sending an email to cleanwater@stwresources.com

 

About STW Resources Holding Corp.

STW Resources Holdings Corp, (OTCQB: STWS) is a quality provider of water reclamation and processing management services. STW Water is a Total Water Solutions Provider Company and provides turnkey design build solutions and provides its Customers with "out-of-the-box" design solutions to meet customer's water needs. STW Water has capabilities to provide complete oversight of various water and wastewater projects with primary focus on engineering, regulatory permitting including Public Water Systems (PWS), Discharge permits, Pilot exception and Pilot Study, equipment design & treatment process design, manufacturing & installation and full scale Commissioning and training for all types of oil & gas, industrial and municipal water and wastewater markets throughout the State of Texas. STW's model of water ownership has had recent successes and broken ground on both Upton County and Ft. Stockton, Texas projects.

The Company consults and provides customized water analysis, reclamation and remediation services to a variety of complex oil and gas produced and flowback water, brackish water, ocean water desalination, industrial, and municipal applications throughout several geographic locations to fill a tremendous need for fresh water in the areas they service. As an independent solutions provider, STW utilizes proven technologies, from various well-known manufacturers. These technologies are available as fixed or mobile units with varying capabilities. STW's process ensures that the most effective and efficient technologies are implemented. Current potential project locations include the Eagle Ford Shale (TX), the west Texas Delaware and Permian Basins (TX), eastern New Mexico, and ocean desalination projects on the Gulf Coast of Texas, California, and Hawaii.

www.stwresources.com
@STWRESOURCES
https://www.facebook.com/STWRESOURCES

 

 



STW Resources in Water Tech Online


http://www.watertechonline.com/municipal-desalination-unit-offers-cost-effective-solution/




 


 

  
  





 

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STWS News: Statement of Ownership (sc 13g) 06/23/2016 10:09:16 AM
PostSubject
#3509   Dude, THEIR BANKRUPT. This company is a MFI 11/26/16 07:49:35 AM
#3508   I heard the next GR Morris group meeting pilgrim58 11/25/16 05:10:22 PM
#3507   Thanks to the few that still post here. trail_girl 11/25/16 04:19:23 PM
#3506   Good to hear from you PC. I did pilgrim58 11/18/16 01:28:45 PM
#3505   Agree. And now there is some hope Prudent Capitalist 11/18/16 11:17:40 AM
#3504   The company is over as I knew it. pilgrim58 11/17/16 10:39:57 PM
#3502   Thanks for posting sweet crude. I did not pilgrim58 11/17/16 05:40:43 PM
#3501   Court denies Chap 7 move sweet crude 11/05/16 08:21:04 AM
#3497   Dude, THEIR BANKRUPT. This company is a complete scam MFI 09/15/16 08:27:13 PM
#3496   We kind of already know this. manfromjax 09/15/16 04:04:14 PM
#3495   Not sure. last I heard, the company was Prudent Capitalist 09/15/16 03:58:24 PM
#3494   Man .. got me all excited when I manfromjax 09/15/16 03:50:47 PM
#3493   Still bankrupt. Nice work here. tajitj 08/12/16 11:58:39 AM
#3492   LMAO- welp can't say it wasn't obvious two MFI 08/05/16 11:17:34 AM
#3491   Oh yeah.....ZERO value in STWS shares.... tajitj 08/05/16 11:02:30 AM
#3488   Oh, you can be assured that those supposedly Prudent Capitalist 08/04/16 10:28:21 AM
#3487   Part of the continued obvious scam. It MFI 08/04/16 10:26:46 AM
#3486   I know I know, just wanted something more. BBP1990 08/04/16 10:14:09 AM
#3485   I know I know, just wanted something more. BBP1990 08/04/16 10:14:08 AM
#3484   LOL! Remember, I previously gave you belated Prudent Capitalist 08/04/16 10:08:26 AM
#3483   Part of the ongoing restructuring under Sec. 363 Prudent Capitalist 08/04/16 10:03:00 AM
#3482   Hey Prudent, still have my prediction post flagged BBP1990 08/04/16 09:32:04 AM
#3481   LMAO- welp can't see it wasn't obvious two MFI 08/04/16 03:34:23 AM
#3480   saw the fall today, had a bid in threewheeler 08/04/16 01:00:19 AM
#3479   STWS changed to STWSQ, bankruptcy: Renee 08/03/16 05:05:00 PM
#3478   Blacksnake. I am not set up to answer pilgrim58 08/01/16 07:42:37 AM
#3477   When is the known date for what these pilgrim58 07/29/16 05:34:31 PM
#3476   Let this keep going up in price and BlackSnake1 07/29/16 04:17:44 PM
#3475   Agree. It is fun to watch and speculate. pilgrim58 07/29/16 02:13:20 PM
#3474   Someone has been accumulating and must see current Prudent Capitalist 07/29/16 12:42:49 PM
#3473   Interesting to see the buying interest, which seems Prudent Capitalist 07/27/16 05:07:39 PM
#3472   STWS Chart: moving up sweet crude 07/26/16 01:01:43 PM
#3471   I am not worried because my cost basis Prudent Capitalist 07/25/16 12:27:43 PM
#3470   LMAO! No chance. Prudent Capitalist 07/25/16 12:24:39 PM
#3469   Now why is someone stepping up and buying manfromjax 07/25/16 10:01:53 AM
#3468   Hi MFJ. pilgrim58 07/23/16 08:05:23 PM
#3467   No one said it was a scam. manfromjax 07/23/16 06:21:29 PM
#3466   Good reasonable sounding post. pilgrim58 07/23/16 03:09:44 PM
#3465   In defense of STWS. This company was never pilgrim58 07/23/16 03:02:58 PM
#3464   I want a job like that. I was pilgrim58 07/23/16 02:39:32 PM
#3463   There is no way, nor reason for anyone rick85 07/23/16 02:21:27 PM
#3462   Hell if I know who would pays him. manfromjax 07/23/16 01:29:03 PM
#3461   I always appreciate your open mindedness at pilgrim58 07/22/16 06:48:42 PM
#3459   Stay tuned. STWS ahareholders will hold 40% Prudent Capitalist 07/21/16 02:55:10 PM
#3458   Oh boy a "restructuring plan" tajitj 07/21/16 01:56:27 PM
#3457   Wow did this work out..........nothing like having almost tajitj 07/21/16 01:54:47 PM
#3456   Unfortunately, we have already been fleeced of our money. manfromjax 07/19/16 05:59:57 PM
#3455   Honestly, getting out while there is a MFI 07/19/16 03:30:39 PM
#3454   Perhaps someone who has been through this situation pilgrim58 07/18/16 04:14:54 PM
#3453   - New owners will own 60% of the manfromjax 07/17/16 10:58:21 AM
PostSubject