Pure Cycle Corporation Signs Professional Service Agreement With the Town of Bennett and Was Added to the Russell 2000(R) and...
01 Juillet 2013 - 10:18PM
Marketwired
Pure Cycle Corporation (NASDAQ: PCYO) announced that it has entered
into a professional services agreement to operate the Town of
Bennett's water and wastewater systems beginning August 2013.
For several years the Company has been working with the Town of
Bennett and other interests along the I-70 corridor, where its Sky
Ranch property is located, to bring its valuable water supplies and
service capabilities to assist land owners and communities with
their water supply needs. This operations contract will provide
modest annual revenues of approximately $40,000 per year and
further the Company's strategic goal of developing its service
business.
Mark W. Harding, Pure Cycle's President, commented, "We are
excited to enter into this agreement with the Town of Bennett and
look forward to providing quality service to Town customers as the
Town develops and expands their water and wastewater systems."
Pure Cycle Corporation was also added to the Russell 2000® and
Russell Global® Indexes. The Russell 2000® Index measures the
performance of the small-cap segment of the U.S. equity universe
and is a subset of the Russell 3000® Index, representing
approximately 10% of the total market capitalization of that index.
Memberships in the indexes remain in place for one year.
Russell Indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for both
passive and active investment strategies. Russell determines
membership for its equity indices primarily by objective, market
capitalization rankings, and style attributes.
More information about Pure Cycle can be found at our website at
www.purecyclewater.com.
Company Information Pure Cycle owns water
assets in several river basins in the State of Colorado as well as
certain aquifers in the Denver, Colorado metropolitan area. Pure
Cycle provides water and wastewater services to customers located
in the Denver metropolitan area including the design, construction,
operation and maintenance of water and wastewater systems.
Additional information including our recent press releases and
Annual Reports are available at www.purecyclewater.com, or you may
contact our President, Mark W. Harding, at 303-292-3456 or at
info@purecyclewater.com.
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Mark W. Harding President 303-292-3456
info@purecyclewater.com
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