LOS ANGELES, Oct. 16, 2015 (GLOBE NEWSWIRE) -- Today, Cadiz Inc. (NASDAQ:CDZI) posted additional information to its website about the next steps for the Cadiz Valley Water Conservation, Recovery & Storage Project (“Project”) following guidance received last week from the California State Office of the U.S. Bureau of Land Management related to plans to construct the Project’s pipeline within an active railroad right-of-way. This update information is available at the following link: http://cadizinc.com/2015/10/16/news-october-2015-water-project-status/ .
Founded in 1983, Cadiz Inc. is a publicly-held renewable resources company that owns 70 square miles of property with significant water resources in Southern California. The Company operates an organic agricultural development in the Cadiz Valley of eastern San Bernardino County, California and is partnering with public water agencies to implement the Cadiz Water Project, which over two phases will create a new water supply for approximately 100,000 Southern California families and make available up to 1 million acre-feet of new groundwater storage capacity. The Project is a public–private partnership between Cadiz Inc. and the Santa Margarita Water District and will be carried out by water providers that serve over 1 million customers across California. The Company abides by a wide-ranging “Green Compact” focused on environmental conservation and sustainable practices to manage its land, water and agricultural resources. For more information about Cadiz, visit http://www.cadizinc.com/.
FORWARD LOOKING STATEMENT: This release contains forward-looking statements that are subject to significant risks and uncertainties, including statements related to the future operating and financial performance of the Company and the financing activities of the Company. Although the Company believes that the expectations reflected in our forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Factors that could cause actual results or events to differ materially from those reflected in the Company’s forward-looking statements include the Company’s ability to maximize value for Cadiz land and water resources, the Company’s ability to obtain new financing as needed, the receipt of additional permits for the water project and other factors and considerations detailed in the Company’s Securities and Exchange Commission filings.
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