SCOTTSDALE, AZ -- Great Western Land & Recreation, Inc. (BULLETIN BOARD: GWES) , a real estate developer with approximately 10,000 acres of urban and ranch land in various stages of development in the Southwest, today announced that R. Kent Fielder, (51), has been appointed Corporate Controller of the company.
Fielder brings over 25 years of accounting and financial experience to Great Western. He had been Regional Controller for the Western Region of Integrated Electrical Services, Inc., a New York Stock Exchange-listed company specializing in electrical construction and related fields. In that capacity he directed strategic planning for all areas within the accounting and job cost functions, aided with documentation of the processes necessary for compliance with the Sarbanes-Oxley Act and oversaw preparation of the Region's financial and operations reports, among other responsibilities. Before that Fielder was Corporate controller of SASCO/Electek Group, the then largest privately-held contractor in the U.S. specializing in electrical construction and data systems. Prior to his tenure with Electek, he held positions as Controller for other corporations and a municipality since 1991. His previous experience also includes positions of increasing responsibility at public accounting firms. Fielder is a Certified Public Accountant.
"We expect Kent's extensive background in accounting and finance to be of immediate benefit to Great Western," said Jay N. Torok, chairman and chief executive officer. "Our growth is accelerating and our accounting and reporting expertise must cope with the increasing size and complexity we achieve. Kent's broad-based experience will help ensure that our accounting processes and internal controls will maintain pace with our growth and management will have access to the reports needed to continue achieving our objectives."
Great Western Land & Recreation, Inc. acquires, develops, markets, sells and finances single family, multi-family and recreational property in the southwestern United States. Great Western has recently completed several projects and is launching additional major residential and mixed-use developments in two of the nation's fastest growing major metropolitan areas: Houston and Phoenix. Great Western's common stock is quoted on the Over-The- Counter Bulletin Board under ticker symbol GWES. Additional information is available at http://www.gwland.com/ or http://www.tirc.com/invest/Great_Western .
This news release may contain certain statements that constitute "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are often characterized by the use of words such as "may," "believes," "plans," "will," "anticipates," "estimates," "expects," or "intends" or by discussions of strategy, plans or intentions. All forward-looking statements in this news release, including statements regarding sales, new projects and financing of capital expenditures, are made based on the company's current expectations and estimates, which involve risks, uncertainties and other factors that could cause results to differ materially from those expressed in forward-looking statements. These risks and uncertainties include, but are not limited to, general economic conditions, competitive factors, real estate market conditions, changing demographic conditions, adverse weather conditions and natural disasters, delays in construction schedules, the availability of qualified third-party contractors, cost overruns, changes in government regulations or requirements, increases in real estate taxes and other local government fees, the company's ability to locate new projects and to finance the acquisition and development of these projects on acceptable terms, changes in interest rates, the unpredictability of the timing of real estate sales and the cost of land, materials and labor. Additional information is included in the company's filings with the Securities and Exchange Commission, and can be found at http://www.sec.gov/edgar . Great Western Land and Recreation assumes no obligation to update any forward-looking statements to reflect anticipated or unanticipated events or circumstances occurring after the date of this news release.
Source: Great Western Land & Recreation, Inc.
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CONTACT: Jay N. Torok, Chairman and CEO of Great Western Land &
Recreation, Inc., +1-480-949-6007, or Mike Arneth or Brien Gately, both at
+1-847-296-4200, both of The Investor Relations Co.
Web site: http://www.gwland.com/
http://www.tirc.com/invest/Great_Western
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