Cayman Water Comment On Hurricane Mitch.GEORGE TOWN, Cayman Islands George Town, Grand Cayman, is the capital of the Cayman Islands, in the British West Indies. The town has a population of 20,626 (1999 estimates). George Town is the heart of the Cayman Islands financial industry, with over 600 banks located there. , B.W.I.--(BUSINESS WIRE)--Oct. 27, 1998--Cayman Water (Nasdaq:CWCOF) made the following announcement today with regards to the passage of Hurricane Mitch Hurricane Mitch was one of the deadliest and most powerful hurricanes on record in the Atlantic basin, with maximum sustained winds of 180 mph (290 km/h). The storm was the thirteenth tropical storm, ninth hurricane, and third major hurricane of the 1998 Atlantic . Although the Island of Grand Cayman Grand Cayman See Cayman Islands. was used as a marker for Hurricane Mitch, the Islands experienced less than tropical storm tropical storm n. A cyclonic storm having winds ranging from approximately 48 to 121 kilometers (30 to 75 miles) per hour. tropical storm force winds (39 mph sustained). Some coastal properties have suffered damage as a result of high surf but the facilities of Cayman Water have not been affected in any way and the Company has continued to operate at full capacity throughout the passage of the storm. Cayman Water successfully operates a public water utility in certain areas of the Cayman Islands under a 20 year exclusive licence from the Government of the Cayman Islands. The Company has recently signed contracts for its first overseas operations in the Commonwealth of the Bahamas. |
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