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GWC CORPORATION SETS RECORD DATE FOR SPECIAL MEETING

 WILMINGTON, Del., Jan. 5 /PRNewswire/ -- The Directors of GWC Corporation (NASDAQ-NMS: GWCC) today fixed the close of business on Feb. 3, 1994 as the record date for the special meeting of stockholders of GWC Corporation to consider and vote on the proposed merger of GWC Corporation with and into United Water Resources Inc. (NYSE: UWR).
 The stockholders' meeting is currently expected to be held in March 1994, in Wilmington.
 The merger, announced on Sept. 16, 1993, requires the approvals of the stockholders of both GWC and United Water and of certain state regulatory commissions, and is also subject to other closing conditions.
 GWC Corporation, headquartered in Wilmington is a water and wastewater utility holding company that is also engaged in non-regulated activities. GWC has 11,066,600 common shares and 300,000 Series A preferred shares outstanding.
 /delval/
 -0- 1/5/94
 /CONTACT: Joseph V. Boyle, vice president and treasurer of General Waterworks Management and Service Company, 215-278-2965/
 (GWCC UWR)


CO: GWC Corporation; United Water Resources Inc. ST: Delaware IN: UTI SU:

JO-MJ -- PH022 -- 9438 01/05/94 15:29 EST
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Publication:PR Newswire
Date:Jan 5, 1994
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