SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): March 3, 1999
Aqua Alliance Inc.
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(Exact Name of Registrant as Specified in Charter)
Delaware 033-017921 13-3418759
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(State or Other (Commission (IRS Employer
Jurisdiction File Number) Identification No.)
of Incorporation
30 Harvard Mill Square, Wakefield, Massachusetts 01880
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (781) 246-5200
No change
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(Former Name or Former Address, if Changed Since Last Report)
ITEM 5. OTHER EVENTS
On March 3, 1999, Aqua Alliance Inc. (the "Company") (AMEX: AAI)
announced that the Company and Compagnie Generale des Eaux-Sahide, a
subsidiary of Vivendi, the Company's largest stockholder, were awarded a
substantial increase in the size and scope of their ongoing contract with
the Puerto Rico Aqueduct & Sewer Authority ("PRASA"). On March 3, 1999, the
Company issued a press release concerning the increase in size and scope of
the PRASA contract. A copy of the press release is attached hereto as
Exhibit 99.1 and is incorporated by reference herein.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS
(c) Exhibits
99.1 Press release of the Company dated March 3, 1999.
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
AQUA ALLIANCE INC.
By: /s/ Alain Brunais
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Name: Alain Brunais
Title: Senior Vice President and
Chief Financial Officer
Date: March 5, 1999
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION PAGE NO.
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99.1 Press release of the Company dated 5
March 3, 1999.
EXHIBIT 99.1
Contact: Robert S. Volland FOR IMMEDIATE RELEASE
Aqua Alliance March 3, 1999
781-224-6116
PUERTO RICO AQUEDUCT & SEWER AUTHORITY
INCREASES SIZE AND SCOPE OF CONTRACT WITH AQUA ALLIANCE INC. AND COMPAGNIE
GENERALE DES EAUX-SAHIDE
WAKEFIELD, Massachusetts Aqua Alliance Inc. (AMEX: AAI) and
Compagnie Generale des Eaux-Sahide (CGE), a Vivendi subsidiary, jointly
announced today that they were awarded a substantial increase in the size
and scope of their ongoing contract with the Puerto Rico Aqueduct & Sewer
Authority (PRASA). The new agreement will allow AAI and CGE to more
efficiently operate the water and wastewater treatment systems, which
serve over 3.6 million residents on the island of Puerto Rico.
Under the amended contract, AAI and CGE will be responsible for all
of PRASA's operations. The agreement, with revenues approximating $145
million annually, is one of the largest water services contracts ever
signed. This is an important and unique event in Puerto Rico, as the
Aqueduct and Sewer Authority was the only public agency to be declared on
emergency status in 1993. The new contract responds to recommendations
made by the PRASA Governing Board and AFI (Infrastructure Financial
Authority) after evaluating various alternatives to improve the water
service in the Island.
The Honorable Pedro Rossello, Governor of Puerto Rico, said, "I am
very pleased to be here and witness this special moment which establishes
a new step in the quest of services of excellence for our people."
Thierry Mallet, President and Chief Executive Officer of Aqua Alliance
Inc., stated, "Our efforts over the next two and a half years will help
PRASA develop into an excellent delivery system for water related services.
We are extremely pleased to continue working with PRASA in an expanded
capacity to meet the important challenge of rehabilitating, operating,
maintaining and managing services that are essential to the residents of
Puerto Rico, and we appreciate the confidence the government of Puerto Rico
has expressed in us."
The Executive Director for International Operations of Compagnie
Generale des Eaux-Sahide, Gerard Mohr, commented that, "Our organizations
welcome the opportunity to continue in this expanded relationship, and are
committed to succeed to benefit the entire population of Puerto Rico."
Aqua Alliance provides a comprehensive range of services and
technologies for the engineering, design and construction of water and
wastewater facilities; the remediation of hazardous waste; and the
operation, maintenance and management of water and wastewater treatment
systems. These services are provided to a full range of government and
industrial clients. Aqua Alliance is an affiliate of Vivendi, the world's
largest water company.
