BIW Limited Announces the Formation of a New Non-Regulated Subsidiary Birmingham H2O Services, Inc.Business Editors ANSONIA Ansonia (ănsō`nēə), city (1990 pop. 18,403), New Haven co., SW Conn., on the Naugatuck River; inc. as a city 1893. Its manufactures include brass and copper products, iron castings, foundry products, plastics, and electronic devices. , Conn.--(BUSINESS WIRE)--Dec. 6, 2002 BIW BIW Body in White (automotive design technique) BIW Business Information Warehouse biw Biweekly (medication dose) BIW Building Information Warehouse BIW Ben Ik Weer (Dutch: I'm Back) Limited, parent company of Birmingham Birmingham, cities, United States Birmingham (bûr`mĭnghăm') 1 City (1990 pop. 265,968), seat of Jefferson co., N central Ala., in the Jones Valley near the southern end of the Appalachian system; founded and inc. Utilities, Inc. has announced today that it has formed a new non-regulated subsidiary named "Birmingham H2O Services, Inc." The new company will provide water related services to other utilities, contractors and individuals. Those services include water main and service line installation, leak (programming) leak - With a qualifier, one of a class of resource-management bugs that occur when resources are not freed properly after operations on them are finished, so they effectively disappear (leak out). This leads to eventual exhaustion as new allocation requests come in. survey's, service line piercing pierce v. pierced, pierc·ing, pierc·es v.tr. 1. To cut or pass through with or as if with a sharp instrument; stab or penetrate. 2. To make a hole or opening in; perforate. 3. and pulling, hydrant installations and repairs, saw cutting and large and small service taps. John S. Tomac, Company President noted that we have been providing these services to the customers of Birmingham Utilities for many years. We certainly have the expertise to provide these same services outside of our service area. For the last two years we have tested the market on a limited basis and have found a significant demand for these services. We believe, however, the expansion of these services should take place within a non-regulated environment. Our personnel are experts in these fields and as a result of this expertise, we can provide services at the lowest cost. Mr. Tomac further noted that BIW Limited was also established in 2002 as the parent company of Birmingham Utilities. The parent company relationship now allows us to establish this non-regulated business. Tomac lastly noted, we do not expect to expand our service beyond these water related activities. It is what we do best. We believe we can increase shareholder value by capitalizing on this expertise. Birmingham Utilities, Inc. is an investor-owned water company serving primarily the cities of Ansonia and Derby and whose common stock is traded on the AMEX AMEX See: American Stock Exchange under the symbol "BIW." |
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