GlobeNewswire Inc | Nov 22, 2021 04:01PM EST

November 22, 2021

PHOENIX, Nov. 22, 2021 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), (TSX: GWR), a pure-play water resource management company, has been invited to present at the Bank of America 2021 Water Conference being held virtually on December 6, 2021.

Global Water Resources CEO, Ron Fleming, is scheduled to participate in one-on-one meetings with institutional analysts and investors held throughout the day. He will be joined by the companys SVP and CFO, Mike Liebman, and chief strategy officer, Chris Krygier.

Management will discuss how organic growth and higher rates drove its first nine months of 2021 revenues up 9.5% to $31.6 million. The company also continued to pay its monthly dividend at an annualized rate of approximately $0.29 per share.

They will also discuss the companys growing portfolio of water utility companies, including its recently completed acquisition of 1,100 active water service connections in Arizona, and additional opportunities for acquisitions in the highly-fragmented water utility industry in Arizona.

To schedule a one-on-one meeting with management, please contact your Bank of America representative. For any questions about the company, contact Ron Both of CMA at (949) 432-7557 or submit your request here.

About Global Water ResourcesGlobal Water Resources, Inc. is a leading water resource management company that owns and operates 17 utilities which provide water, wastewater, and recycled water services. The companys service areas are located primarily in growth corridors around metropolitan Phoenix. Global Water recycles nearly 1 billion gallons of water annually.

The company has been recognized for its highly effective implementation of Total Water Management (TWM). TWM is an integrated approach to managing the entire water cycle by owning and operating water, wastewater, and recycled water utilities within the same geographic area in order to maximize the beneficial use of recycled water. TWM includes additional smart water management programs such as remote metering infrastructure and other advanced technologies, rate designs, and incentives that result in real conservation. TWM helps protect water supplies in water-scarce areas experiencing population growth. To learn more, visit www.gwresources.com.

Company Contact:Michael J. Liebman SVP and CFOTel (480) 999-5104 mike.liebman@gwresources.com

Investor Relations:Ron Both or Justin LumleyCMA Investor RelationsTel (949) 432-7566GWRS@cma.team