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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Water Intelligence Plc | LSE:WATR | London | Ordinary Share | GB00BZ973D04 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 325.00 | 315.00 | 335.00 | 325.00 | 325.00 | 325.00 | 2,531 | 07:48:41 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Cmp Processing,data Prep Svc | 71.33M | 3.67M | 0.2112 | 15.39 | 56.42M |
From Apr 2019 to Apr 2024
TIDMWATR
RNS Number : 3890E
Water Intelligence PLC
08 May 2017
Water Intelligence plc
Opening of Washington DC Corporate Operations
Water Intelligence plc (the "Company") is pleased to announce the opening of a corporate-operated location in Washington D.C. and Northern Virginia. The operation will not be a "greenfield" location. Previously, by permission of corporate, neighboring franchises successfully serviced the corporate-owned territory and paid royalties to the Group's American Leak Detection subsidiary. The Company will be inserting an experienced team into Washington DC to build upon existing customer traction and to put all revenue and earnings directly onto the Company's accounts. Given the running start, it is expected that the operation will be at least break-even within its first year with significantly less capital outlay than a typical franchise reacquisition.
Executive Chairman, Patrick DeSouza commented:
"Washington DC is a high profile, high disposable income territory in which to showcase our solutions to the problem of water loss - a salient public policy issue. Strategically, Washington D.C. extends corporate operations in the northeast of the United States from its current Boston and New York locations. Moreover, all along this northeast corridor the Group can now support more fully the growth of its franchise-operated locations."
Enquiries:
Water Intelligence plc Tel: +1 203 654 Patrick DeSouza, Executive Chairman 5426 finnCap Ltd Tel: +44 (0) 207 Adrian Hargrave / Giles Rolls, corporate 220 0500 finance Stephen Norcross, corporate broking
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
May 08, 2017 02:00 ET (06:00 GMT)
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