American Water Works Completed Acquisitions Total $30 Million.VOORHEES, N.J.--(BUSINESS WIRE)--Aug. 5, 1998--American Water Works Company Inc. (NYSE NYSE See: New York Stock Exchange :AWK (Aho Weinberger Kernighan) A Unix programming utility developed in 1977 by Alfred Aho, Peter Weinberger and Brian Kernighan. Due to its unique pattern-matching syntax, awk is often used in data retrieval and data transformation. ) and its subsidiaries have completed 15 acquisitions during the six months ending June 30, 1998. These acquisitions have added a population served of over 40,000 people in New Jersey, Pennsylvania Pennsylvania (pĕnsəlvā`nyə), one of the Middle Atlantic states of the United States. It is bordered by New Jersey, across the Delaware River (E), Delaware (SE), Maryland (S), West Virginia (SW), Ohio (W), and Lake Erie and New York , Illinois, West Virginia West Virginia, E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W). Facts and Figures Area, 24,181 sq mi (62,629 sq km). Pop. and Hawaii. These acquisitions totaled approximately $30 million in additional investment for facilities providing water and wastewater utility service. American Water Works subsidiaries have signed agreements to acquire an additional 24 water and wastewater systems in both the public and private sector, adding additional population served of over 60,000 people. Most of these acquisitions will be finalized See finalization. in 1998. The results so far in 1998 underscore The underscore character (_) is often used to make file, field and variable names more readable when blank spaces are not allowed. For example, NOVEL_1A.DOC, FIRST_NAME and Start_Routine. (character) underscore - _, ASCII 95. the success of American Water Works' commitment to providing high quality water and wastewater service to communities throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The company has access to capital, the very latest technical expertise and nationwide regulatory expertise. When these assets are teamed with dedicated professionals from an acquired system, customers can expect high quality service and economic strength well into the future. Examples of American Water Works Company and its subsidiaries' acquisitions include: -- A wastewater utility located on the eastern tip of Oahu, Hawaii, expanding the Company's geographic diversity and complementing the benefits of that diversity -- The water system in Clarion A family of application development systems for Windows from SoftVelocity, Inc., Pompano Beach, FL (www.softvelocity.com). Clarion provides a comprehensive set of tools for development, including a screen builder, 4GL and application generator. , Pa. that, with a $2.2 million Pennsylvania Infrastructure Investment Authority (PENNVEST) loan, will make lower cost of water service possible -- The International Trade Center in Mount Olive Mount Olive is the name of several places: United States of America Cities and towns
American Water Works Company is the largest and most geographically diverse investor-owned water utility business in the U.S. The Company, through its 23 utility subsidiaries, serves more than 7 million people in over 870 communities in 22 states. -0-
AMERICAN WATER SYSTEM SUMMARY OF 1998 ACQUISITIONS
Subsidiary Name of Acquisition
---------- -------------------
Hawaii-American East Honolulu Community
Services Inc.
Illinois-American Brookview
Illinois-American Rome Heights Homeowners
Association
Illinois-American Vets Place Water Association
Illinois-American Galena Knolls Water Company
New Jersey-American Logan Wells Water Company
New Jersey-American Mt. Olive Twp (International
Trade Center)
Pennsylvania-American Clarion Twp General Authority
Pennsylvania-American Fairview Water Company
Pennsylvania-American National Utilities Inc.-Pocono
Division
Pennsylvania-American Pocono Mountain Industrial Park
Authority
West Virginia-American Van Public Service Department
West Virginia-American Spruce Fork Public Service
Department
West Virginia-American Jumping Branch-Nimitz Public
Service Department
West Virginia-American Jackson's Mill
CONTACT: American Water Works
Thomas G. McKitrick, V.P. - Investor Relations
609/346-8200
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