Connecticut Water Named One of America's 100 Fastest-Growing Small Public Companies by Fortune Small Business Magazine

• Press Release
• Source: Connecticut Water Service, Inc.
• On 9:47 am EDT, Wednesday July 8, 2009

CLINTON, Conn., July 8, 2009 (GLOBE NEWSWIRE) -- Connecticut Water Service, Inc. (Nasdaq:CTWS - News) is pleased to announce that it ranked #64 in the 2009 "FSB 100," Fortune Small Business magazine's annual list of America's fastest-growing small public companies. The FSB 100 list appears in the magazine's July/August issue.

Related Quotes

Symbol	Price	Change
CTWS	22.50	-0.67

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FSB's Justin Martin writes in his opening essay, "In good times, the FSB 100 constitutes an elite group of small public companies: the best of the best... But in this Great Recession, their performance is nothing short of miraculous... All 100 companies on our list have figured out how to succeed no matter what the economic climate."

According to FSB, the FSB 100 companies outperformed the broader stock market by a wide margin. This year's stocks posted an average annual return of 9.8% for the year ended May 31, 2009, compared with an annual loss of 28.6% for the Russell microcap growth index. The ninth-annual FSB 100 includes U.S.-based firms with annual revenues of less than $200 million and a stock price greater than $1. FSB ranks the small-cap companies by stock performance and revenue growth over the past three years.

Connecticut Water's current annual dividend yield is about 4.2%. Connecticut Water has paid dividends on its common stock each quarter since its founding in 1956 without interruption or reduction and has increased dividend payments for each of the last 39 years.

The Company has a Dividend Reinvestment Plan and Common Stock Purchase Plan (DRIP) available to registered shareholders. Additional information about the DRIP and a plan prospectus are available online at the Company's Web site, http://www.ctwater.com/dividendreinvestment.htm or upon request from the Company's Corporate Secretary at 1-800-428-3985 x3016.

Connecticut Water Service, Inc. is New England's largest locally-based, investor-owned water company. Through its wholly-owned public water utility subsidiary, The Connecticut Water Company, the Company provides drinking water to more than 88,000 customers, or about 300,000 people, in 54 towns throughout Connecticut.

The Connecticut Water Service, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2893

Connecticut Water Service, Inc.
Daniel J. Meaney, APR, Director of Corporate Communications
(860) 669-8630: Ext. 3016
93 West Main Street
Clinton, CT 06413-1600