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Aquagenix signs $1 million 3 year contract with Florida Power & Light.


FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--July 3, 1996--Aquagenix Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: AQUX, AQUXW), the leading aquatic and industrial vegetation management company in the southeastern 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. , today announced the signing this week of a three year $1 million agreement with Florida Power & Light Co. to provide industrial vegetation management services to their numerous power substations within the northern, southern and eastern regions of Florida.

Aquagenix reported that the contract, which began on July 1, allows for other project opportunities with Florida Power & Light, Florida's largest electric utility company. This agreement follows Aquagenix's recent acquisition of Aquatic & Right of Way Control, a major provider of industrial vegetation control and utility right of way management services in the Southeast, further consolidating its strong presence in this market.

Andrew Chesler, chairman and president of Aquagenix commented, "We are extremely pleased to be working with Florida Power & Light, and look forward to a successful ongoing relationship with them on these and future projects. This contract represents the rapidly growing opportunities Aquagenix faces for outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management.  of work traditionally performed in-house across all sectors - private, commercial, government and utilities. Clearly, our depth of technical expertise, multitude of licensed technicians, highly specialized spe·cial·ize  
v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es

v.intr.
1. To pursue a special activity, occupation, or field of study.

2.
 equipment and branch office distribution system make Aquagenix extremely well suited to a major client such as Florida Power & Light. As we continue to grow, both internally and by acquisition, we will be able to take on many additional projects of increasing scope and volume."

Aquagenix Inc. is the leading, and only public company, providing aquatic and industrial vegetation management services to commercial, private, governmental and utility customers in the southeastern United States. Headquartered in Fort Lauderdale, it has service offices in Daytona Beach Daytona Beach (dātō`nə), city (1990 pop. 61,921), Volusia co., NE Fla., on the Atlantic coast and Halifax River (a lagoon); inc. 1876. Center of a rapidly urbanizing area, in a region settled by Spanish Franciscans in the 17th cent. , Ft. Lauderdale, Ft. Myers, Jacksonville, Miami Lakes, Orlando, Palm Beach, Sarasota and Tampa, Fla.; Myrtle Beach and Hilton Head S.C.; and is opening offices in Atlanta and Montgomery, AL.

CONTACT: Aquagenix Inc.

Andrew P. Chesler, 954/975-7771

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212/682-6300 ext. 201/205
COPYRIGHT 1996 Business Wire
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Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 3, 1996
Words:328
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