WATER INTELLIGENCE PLC

M&A Activity • Feb 17, 2015

National Storage Mechanism | Additional information

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RNS Number : 0525F

Water Intelligence PLC

17 February 2015

Water Intelligence plc

("Water Intelligence")

Acquisition of Miami Franchisee

The Board of Water Intelligence is pleased to announce the acquisition of franchise territory covering Miami, Florida. The territory will be run as a corporate location with 2015 revenue and earnings consolidated directly into Water Intelligence. The location will be joined with our growing corporate operations that are adjacent in Fort Lauderdale to form a regional office.

Executive Chairman Patrick DeSouza commented:

"Our acquisition strategy is two-fold:  First, expand corporate presence to accelerate nation-wide growth and second, incorporate select areas already partially developed by our franchisees to grow those locations even faster. We plan to launch additional corporate-run locations during 2015 while maintaining growth in our royalty income. "

Enquiries:  

Water Intelligence plc            Patrick DeSouza (Executive Chairman)           Tel: +1 203 654 5426

WH Ireland Limited                 Adrian Hadden / James Bavister                    Tel: 020 7220 1666

This information is provided by RNS

The company news service from the London Stock Exchange

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