REG - Water Intelligence - Acquisition of Miami Franchisee <Origin Href="QuoteRef">WATRI.L</Origin>

Water IntelligenceAnnouncement

17/02/2015 07:00

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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