AQUA AMERICA CEO HONORED BY EMERALD ASSET MANAGEMENT
MAWR, PA – February 4, 2004 –
Aqua America, Inc. (NYSE: WTR) CEO, Nicholas DeBenedictis was awarded
the Emerald Entrepreneurial and Excellence Award last night at the Tenth
Annual Emerald “Groundhog Day” Investment Forum which showcased
investment opportunities in some of the Mid-Atlantic U.S. region's
fastest growing companies, as well as industry leaders from across the
“It’s rare that a
utility executive gets the top award from an investment organization
that traditionally follows in high-tech and growth-oriented companies.
Over the last 10 years Aqua America has tripled its customer base,
increased its net income five-fold, and has grown its market cap from
$100 million to $2 billion. Aqua America’s results have shown how we
have found our unique growth niche in the water business,” said
The Entrepreneurial and
Excellence Award is given annually to recognize an outstanding corporate
leader. This year’s investment forum and awards ceremony was held at
the Franklin Wyndham Plaza Hotel in Center City Philadelphia.
“I am very pleased
and honored to have been selected for this award and thank the
management at Emerald for recognizing me and the performance of Aqua
Emerald Asset Management, headquartered in Lancaster, Pennsylvania, is a $1.5 billion diversified investment services company that operates through its wholly owned subsidiary Emerald Advisers, Inc., and its Emerald Research and Emerald Venture Capital divisions.
Aqua America is the largest publicly-traded U.S.-based water utility serving approximately 2.5 million residents in Pennsylvania, Ohio, Illinois, Texas, New Jersey, Indiana, Virginia, Florida, North Carolina, Maine, Missouri, New York, South Carolina and Kentucky. Aqua America is listed on both the New York and Philadelphia Stock Exchanges under the ticker symbol WTR. The company has been committed to the preservation and improvement of the environment throughout its history, which spans more than 100 years.