Pure Cycle Corporation Signs Water Service Agreement with Arapahoe County
04 Août 2005 - 11:40PM
Business Wire
Pure Cycle Corporation (NASDAQ: PCYO) announced that it has entered
into a water service agreement with Arapahoe County and the
Rangeview Metropolitan District to provide water service to the new
Arapahoe County Fairgrounds. The Agreement provides for the County
to purchase 38.5 water taps from Pure Cycle for approximately
$567,000, with water service to be provided pursuant to Pure
Cycle's Rules and Regulations, and for the County to pay Pure Cycle
approximately $1,245,000 to be used for the construction of various
water system facilities which are required for Pure Cycle to extend
water service to the fairgrounds. Construction of the water
facilities necessary to provide water service is expected to begin
immediately. Additionally, the Agreement provides for Pure Cycle to
acquire approximately 360 acre-feet of groundwater from the County.
Mark W. Harding, Pure Cycle's President, commented: "We are excited
to enter into this agreement with Arapahoe County and look forward
to providing quality water service to the new fairgrounds. We are
also pleased that this Agreement will add more water to our already
significant Rangeview Water Supply." More information about Pure
Cycle can be found at our website at www.purecyclewater.com.
Company Information Pure Cycle provides water and wastewater
services to customers located in the Denver metropolitan area using
its significant water assets. Pure Cycle's services include the
design, construction, operation and maintenance of water and
wastewater systems. Additional information about Pure Cycle,
including our recent press releases and financial statements, are
available at www.purecyclewater.com, or you may contact our
President, Mark W. Harding, at 303-292-3456.
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