UE Waterheater Operating Trust
TSX : UWH.UN

UE Waterheater Operating Trust

April 30, 2007 17:31 ET

UE Waterheater Operating Trust Releases Financial Results for the First Quarter Ended March 31, 2007

TORONTO, ONTARIO--(CCNMatthews - April 30, 2007) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES.

UE Waterheater Operating Trust (TSX:UWH.UN) today released financial results for the first quarter ended March 31, 2007. The management discussion and analysis and interim consolidated financial statements for the quarter may be viewed at www.sedar.com.

ABOUT UE WATERHEATER OPERATING TRUST

UE Waterheater Operating Trust is an unincorporated, open-ended, limited purpose trust established under the laws of Ontario, which indirectly holds the water heater rental business of Union Energy Limited Partnership (Union Energy LP) and its related commercial activities as well as the security monitoring business.

Union Energy LP's main business is the rental and service of a portfolio of more than one million residential water heaters in Ontario, under the Union Energy and Reliance Home Comfort brand names. Union Energy LP owns and services Canada's second largest portfolio of rental water heaters in a program that was initiated in the 1960s. In addition, Union Energy LP has related commercial activities that complement the water heater rental business, being the retail sale, rental, servicing and financing of heating, ventilation and air conditioning equipment as well as security monitoring and installation through its wholly owned subsidiary, Protectron Limited Partnership.

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