SOURCE: Consolidated Water Co. Ltd.

Consolidated Water Co. Ltd.

March 23, 2010 16:32 ET

Consolidated Water Co. Ltd. Declares Second Quarter Dividend

GEORGE TOWN, GRAND CAYMAN, CAYMAN ISLANDS--(Marketwire - March 23, 2010) - Consolidated Water Co. Ltd. (NASDAQ: CWCO) today announced that its Board of Directors has declared a quarterly cash dividend of $0.075 per share.

The dividend is payable May 31, 2010 to shareholders of record at the close of business May 1, 2010.

Consolidated Water Co. Ltd. develops and operates seawater desalination plants and water distribution systems in areas of the world where naturally occurring supplies of potable water are scarce or nonexistent. The Company operates water production and/or distribution facilities in the Cayman Islands, Belize, the British Virgin Islands, The Commonwealth of The Bahamas and Bermuda.

Consolidated Water Co. Ltd. is headquartered in George Town, Grand Cayman, in the Cayman Islands. The Company's ordinary (common) stock is traded on the NASDAQ Global Select Market under the symbol "CWCO." Additional information on the Company is available on its website at http://www.cwco.com.

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This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "intend," "expect," "should" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products and services in the marketplace, changes in its relationship with the Governments of the jurisdictions in which it operates, the manner in which the disputed issues between Ocean Conversion (BVI) Ltd. and the British Virgin Islands Government are resolved, the ability to successfully secure contracts for water projects, the ability to develop and operate such projects profitably and the Company's ability to manage growth and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

Contact Information

  • For further information, please contact:

    Frederick W. McTaggart, President and CEO at (345) 945-4277 or via e-mail at info@cwco.com
    or
    RJ Falkner & Company, Inc., Investor Relations Counsel at (800) 377-9893 or via e-mail at info@rjfalkner.com