Two Rivers Water Company Reports Third Quarter Earnings

November 14, 2011

Developer of water and farming assets, Two Rivers Water Company (OTCQB:TURV.PK), reported a third quarter net loss of $1.9 million or ($0.08) per share for 2011 compared to a net loss of $1.4 million or ($0.09) per share for the same period in 2010. At this time revenues continue to be negligible coming in at $25 thousand for the quarter in 2011 versus $34 thousand in 2010.

The net loss for the nine month period ended September 30, 2011 was $5.4 million or ($0.24) per share compared to a net loss of $3.5 million or ($0.24) per share during the same period in 2010.  Revenues were again negligible with revenue of $73 thousand in 2011 versus $83 thousand for the same period in 2010.

Two Rivers believes its advantage over other water companies is the strategy of combining the ownership water rights with irrigated farming on the land.  The company believes irrigated farming will enable it to establish sustained revenues and negotiate with municipalities.  To this end, the company agreed to acquire the Orlando Reservoir and associated water rights and also increased the total amount of irrigated farmland to 4,700 gross acres of which 3,000 will be in production for the 2012 growing season.  In August 2011, the company completed a $5,332,000 convertible debt offering to fund the development of farmland, water assets and other related assets.

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