LONDON, Oct. 26 /PRNewswire-FirstCall/ -- Cascal N.V. (NYSE: HOO - News), a leading provider of water and wastewater services in seven countries, today announced that its United Kingdom subsidiary, Bournemouth and West Hampshire Water (BWHW), has been ranked number one out of all UK water companies in "Overall Performance" in Ofwat's annual Service and Delivery Assessment Report. It is Ofwat's stated goal to monitor the performance of the water and sewerage industry in England and Wales in the absence of a competitive market in order to ensure that they are delivering the services customers are paying for.
The report, titled "Service and delivery - performance of the water companies in England and Wales 2008-09," uses several different metrics to evaluate and rank the performance of all the water and sewerage companies. These metrics include companies' performance with regard to making and keeping appointments, replying to written correspondence, ease of telephone contact, warning of planned interruptions to supply, restoring water supply, maintaining water pressure, environmental impact, and sewerage service. The full report is available on Ofwat's website, www.ofwat.gov.uk/.
Stephane Richer, Cascal's Chief Executive Officer, commented on Bournemouth and West Hampshire Water's accomplishment, stating, "This is a great and thoroughly deserved result. I know that I speak for our entire organization when I congratulate BWHW on being recognized as the best water company in the UK in 2008/09. During a difficult economic period, BWHW managed to maintain the high quality of service that it has been known for over many years."
About Cascal N.V.
Cascal provides water and wastewater services to its customers in seven countries: the United Kingdom, China, South Africa, Chile, Indonesia, Panama and The Philippines. Cascal's customers are predominantly homes and businesses representing a total population of approximately 4.5 million.
Learn more at www.cascal.co.uk
Forward-looking statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance. There are important factors, many of which are outside of our control, that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including: general economic business conditions, unfavorable weather conditions, housing and population growth trends, changes in energy prices and taxes, fluctuations with currency exchange rates, changes in regulations or regulatory treatment, changes in environmental compliance and water quality requirements, availability and the cost of capital, the success of growth initiatives, acquisitions and our ability to successfully integrate acquired companies and other factors discussed in our filings with the Securities and Exchange Commission, including under Risk Factors in our Form 20-F for the fiscal year ended March 31, 2009, filed with the SEC on July 1,2009. We do not undertake and have no obligation to publicly update or revise any forward-looking statement.
Investor Contacts:
KCSA Strategic Communications
Jeffrey Goldberger / Yemi Rose
+1 212.896.1249 / +1 212.896.1233
jgoldberger@kcsa.com / yrose@kcsa.com
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