As Qonnectis disappears into oblivion, Water Intelligence rises from the ashes, under different management & hopefully different sales & development strategy folowing a reverse takeover by American Leak Detection Inc., .
WATR is due to start trading on friday 30th July 2010, when QTI will cease.

http://www.waterintelligence.co.uk

StockMarketWire.com
Leak detection outfit Water Intelligence posted a 49% rise in first-half profit, boosted by a jump in sales.

Pre-tax profit for the six months through June rose to $1.3m, while adjusted profit rose 32% to $1.5m.

Revenue rose 39% to $11.8m.

Cash on-hand rose to $6.15m, following an oversubscribed equity round in March.

'It is interesting to see our journey as a company after comparing our results from the first half of 2015, a short three years ago,' executive chairman Patrick DeSouza, said.

'We have an exciting pathway ahead to fulfilling our vision of a multinational growth company in a critical global market.'

StockMarketWire.com
Leak detection and remediation services provider Water Intelligence said it had won a new contract in Sydney, Australia, putting it on track to meet its 2019 sales targets.

The multi-year municipal contract in Sydney was anticipated to contribute around $1m to 2019 sales.

'With this municipal win in Australia, accompanied by recent smaller municipal wins in the US in Michigan and New York, the company is off to a good start to meet its 2019 growth plan,' Water Intelligence said.