PITTSBURGH–(BUSINESS WIRE)–Dec. 8, 2003–Underground Solutions, Inc. (Pink Sheets:UGSI) announced today that it has been invited to present an overview of the Company at the New York Society ofSecurity Analysts 7th annual Investing in the Water Industry Conference on December 9, 2003 at the Harvard Club in New York City. The attendees at the conference will primarily include portfoliomanagers from pension funds, mutual funds, hedge funds, trusts, endowments, insurance companies and the leading analysts from the water industry.
Other presenters include such notable companies as California Water Service (NYSE symbol:”CWT”), the largest investor-owned water utility in the western United States; Philadelphia Suburban Corporation (NYSE symbol:”PSC”), the nation’s largest investor-owned water utility, serving nearly two million residents in Pennsylvania, Ohio, Illinois, New Jersey, Maine and North Carolina; Artesion Resources (NASDAQ symbol:”ARTNA”), the oldest and largest investor-owned regulated public water utility in the State of Delaware which provides water service to 226,000 residents or 27% of Delaware’s total population; Southwest Water Company (NASDAQ symbol:”SWWC”) which provides a broad range of services including water production and distribution; American States Water Company which provides water service to 1 out of 30 Californians located within 75 communities throughout 10 counties in Northern, Coastal and Southern California; Consolidated Water Co., Ltd; Posiedon Resources, one of the top developers of seawater desalination and membrane water treatment and reuse projects and The New York Water Company which serves approximately 150,000 people in 35 municipalities in York County.
An overview of the future of the water industry will be presented by David Schanzer, Senior Analyst for Janney Montgomery Scott; Neil Berlant, First Vice President and Managing Director-Water Group of The Seidler Companies Incorporated; and Debra Coy, Senior Analyst at Schwab Capital Markets.
Underground Solutions has developed the Duraliner(TM) Water Line Replacement System which allows municipalities to completely rehabilitate deteriorated underground water lines with minimal excavation resulting in a substantial cost savings over conventional “dig and replace” methods.
Duraliner is a unique patented process for pipeline renewal resulting in a “stand alone” structural lining capable of handling internal minimum operating pressures of 150 psi with a 3.2 safety factor. Duraliner conforms to NSF 61 Standards for Drinking Water Components/Health Effects. In addition, Duraliner provides an equivalent design-life of new PVC pipelines (75 to 100 years) thus qualifying the rehabilitated pipe lines to be capitalized as new assets under the rules of GASB Statement 34.
Certain statements in this news release contain forward-looking information within the meaning of the Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks, assumptions and uncertainties, including the inability to generate and secure the necessary product sale, or the lack of acceptance of the company’s products by its customers. In each case actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise it forward-looking statements even if experience or future changes make it clear that any projected results (expressed of modified) will not be realized.
