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

Water Intelligence announces that a UK major water utility, South West Water Limited, is backing the development and commercialisation by Water Intelligence of a new hi-tech device that will allow metered domestic water users to monitor their own water use and identify quickly when a leak has occurred.

"Domestic Reporter" represents a broadening of the Company's existing "Leakfrog" technology, which was developed in conjunction with Thames Water. In September 2010, the Company announced an order for Leakfrogs from Thames Water worth 177,000; delivery was completed in March 2011.

Domestic Reporter is being designed to allow households to monitor water usage, usage over the previous day, week or month and the projected cost of their annual water bill, based on the usage at that time. The Company currently expects orders for the product, subject to successful development and testing, to commence in the UK towards the end of 2011. A number of distribution channels for the products are being considered.

South West Water is providing financial and technical support to the Company's development of the Domestic Reporter product.

In addition, the Company is discussing with potential partners extending its non-invasive leak detection services as part of a "one-stop shop" strategy in the UK.

Water Intelligence is also investigating making Domestic Reporter available for the US market where the problem of water loss and property damage from leaks is also significant and where the Company's wholly- owned subsidiary, American Leak Detection ("ALD"), is the leading nationwide solution provider for precision leak detection services.

WATER INTELLIGENCE PLC

Trading on AIM for the under-mentioned securities has been temporarily suspended from 29/06/2011 7:30am, pending publication of the company's annual report and accounts.

StockMarketWire.com
Water Intelligence the leak detection and remediation services group was established following completion of the reverse takeover of Qonnectis plc by American Leak Detection Holding Corp. in July 2010.

The annual results therefore constitute 12 months trading by American Leak Detection, Inc, the Group's principal and wholly-owned operating subsidiary, and five months trading from UK operations, including plc costs.

For the year ended 31 December 2010 total revenue was $5,698,024 compared to $5,545,124 for the previous year. Underlying operating profits were $588,621 compared to $1,375,956 for 2009 and operating loss)/profit -$567,298 compared to $526,489. Patrick DeSouza, Executive Chairman of Water Intelligence, comments: "The Group has made considerable steps forward in the last year. I am confident that we can sustain this progress, and build a significant presence in the growing international market for comprehensive water infrastructure solutions, from monitoring of and alerts for leaks to non-invasive leak detection and remediation.

"Our strategic goal is to become a leading "One Stop Shop" for products and services addressing strong global demand for improved water management."

StockMarketWire.com
Water Intelligence's revenue for the six months to 30 June 2011 was 15% higher than in the same period in 2010, including Leakfrog product sales to Thames Water.

Profitability resumed for Group; and profitability increased in core American Leak franchise business.

Patrick DeSouza, Executive Chairman of Water Intelligence, comments: "The Group has made considerable steps forward in 2011 to date. Each of our business lines showed improvement given our targets and milestones.

We are confident that we can sustain this progress, and build a significant presence in the growing international market for comprehensive water infrastructure solutions, from monitoring of and alerts for leaks to non-invasive leak detection and remediation."

On 27 August 2010, the Company announced that it had entered into share purchase agreements to acquire the remaining 590,000 common shares in American Leak Detection Holding Corp. from certain shareholders ("the Minority Shareholders") for a consideration satisfied by the issue of 617,364 ordinary shares in the Company. On the same date the Minority Shareholders sold 99,357 Consideration Shares to Plain Sight Systems, Inc. ("PSS") at a price of 75p per share.

Under the terms of the Purchase Agreements, since 30 June 2011, the Minority Shareholders have had the right, but not an obligation, to require PSS to purchase any number of Consideration Shares held by them at a price of 75p per share (the "Put Option"). The Company has been advised by PSS that the Put Option, which was exerciseable until 31 December 2011, has been extended indefinitely.

The Company has also been advised that on 23 January 2012 the Minority Shareholders exercised their right to sell 77,419 Consideration Shares to PSS at a price of 75p per share. Accordingly, PSS now holds 2,204,971 Ordinary Shares, representing 22.96 per cent. of the issued share capital of the Company.

StockMarketWire.com
Water Intelligence - leading provider of water monitoring products and leak detection and remediation services - swung into profit in the year to the end of December.

Revenues rose by 12% to $6.36m with growth in all business segments and there was an operating profit of $98,727 against a loss of $567,298 last time.

Profits before tax and one-off costs totalled $24,305 compared with a loss of $187,275 before reverse acquisition costs in 2010.

Executive chairman Patrick DeSouza said: "Everything, from market demand trends to financial and operating performance to new product development, headed in the right direction during 2011 to produce sustainable growth in underlying shareholder value.

"We have achieved a positive start for 2012 that reinforces performance results in our core business including, because of acute demand for water management solutions, an extended sales life cycle for our Leakfrog product.

"Commercialization for our new products will begin during the second half which will add further scale to our existing profitable and growing base.

"We have made operating changes where necessary and will continue to do so to maintain performance.

"As we execute on all cylinders, we plan for new channel partners and increased communications regarding achievements on both sides of the Atlantic as we build the group."

let me know when it gets to a fiver....

Interim Results for the six months ended 30 June 2012

Highlights
· Profitability increased significantly; operating profits increased 94% and profits before tax increased 219%.

· Revenue stable in the period compared to previous year with approximately $400,000 in respect of a confirmed Leakfrog order in May 2012 from Thames Water which will not be recognised until 2H of this year based on delivery and payment schedule that started in August. If the Thames order had been delivered in 1H revenue would have increased 9% to $3.66 million.

· Qonnectis's Leakfrog sales for 2012 will have almost doubled over Leakfrog sales for 2011.

· American Leak Detection franchise royalty income increased 8%; corporate store sales increased 8.5% and returned to profitability.

· Strategic channel programs initiated at American Leak Detection to address customer needs in the insurance and restoration markets.

· Domestic Reporter tested successfully at Thames Water during June 2012.

http://www.moneyam.com/action/news/showArticle?id=4454025

StockMarketWire.com
Merchant Securities starts Water Intelligence at buy, target 50p

StockMarketWire.com
Water Intelligence swung to a full-year pretax profit $0.5 million, from a loss $0.2 million a year earlier. Revenue was $6.7 million, from $6.4 million.

Some of the prior year's loss was linked to a $75,000 goodwill impairment.

"We are pleased with the growth of the business and strong profitability results. We are excited about the future and look forward to capturing a greater share of customer demand in this growing world-wide market for products and services that address water loss issues," said executive chairman Patrick DeSouza.

StockMarketWire.com
Water Intelligence said the group traded in line with the board's view in the half year to end-June.

"The Board looks forward to the rest of the year with confidence," the company said in a statement.

During the first half, the company invested in developing an insurance sales channel through American Leak Detection Inc to reinforce recurring income with lower customer acquisition costs.

"Our franchisees annually contact over 100,000 residences and commercial businesses across the US, and as such we can offer insurance companies an established leading brand for them to appoint for insurance purposes," Water Intelligence said.

"We have hired and continue to hire experienced business development personnel in this area and have developed technology such as a mobile application linking our technicians with insurance adjusters. We believe that the investment in this channel will yield increased revenue and earnings."

Interim Results for the six months ended 30 June 2013

Water Intelligence, a leading international provider of water monitoring products and non-invasive leak detection and remediation services for a broad range of customers including utilities and commercial and residential properties, announces strong interim results.

Highlights

· Profitability continues to increase significantly; operating profits for the first half of 2013 compared to the first half of 2012 increased 24% and profits before tax increased 35%

· Profit before tax for the first half of at $615,000 exceeded profit before tax for the entire 2012 year at $531,000

· Revenue grew steadily by 8.5% in the first half of 2013 compared with the first half of 2012; product mix during the first half of 2013 included US sales of Leakfinder

· American Leak Detection franchise royalty income increased steadily at 5% when comparing the first half of 2013 to the first half of 2012

· Cash on the balance sheet at June 30, 2013 was higher at $770,000 compared to $365,000 at June 30, 2012; meanwhile, borrowings were reduced to $2.54 million at June 30, 2013 compared to $3.06 million at June 30, 2012

· EPS growth was up 43% to 4c for the first half 2013 compared to 2.8c for the first half of 2012

· Strategic channel program for the insurance market accelerated at American Leak Detection to address customer needs and add to royalty income growth

· Domestic Reporter continues to be tested successfully at Thames Water and South West Water with UK utilities gathering more positive trial customer feedback


Patrick DeSouza, Executive Chairman of Water Intelligence, comments:

"The Group's first half of the year performance continues to build on our strongly positive 2012. We have remained focused on increasing profitability and will continue to do so; however, from our much stronger financial position, we have flexibility to invest in further accelerating longer-term growth. We are especially pleased with the good start to our insurance sales channel which will reinforce royalty growth and provide a vehicle for building a global brand. Demand remains strong for our value proposition and for addressing the important problem of water loss around the world. Such demand will remain with us for the foreseeable future providing our company with a big opportunity to make a positive difference in the world."

LISTEN: Water Intelligence #WATR - Interim Results for the six months ended 30 June 2013

Click here

StockMarketWire.com
Water Intelligence has conditionally raised £400,000 through a placing of 930,233 new shares at a price of 43p each.

Net proceeds were intended to be used to provide additional capital to finance the company's continued growth, whilst the placing would also broaden the institutional shareholder base of the Company.

Results for the year ended 31 December 2013 and Bank Refinancing

Water Intelligence a leading provider of smart water monitoring products and non-invasive leak detection and remediation services, is pleased to present its full, audited results for the year ended 31 December 2013. The Company also announces that it has successfully refinanced its existing term loan agreement with Liberty Bank.

Copies of the Annual Report will be made available to view on the Company's website at www.waterintelligence.co.uk.

Results Highlights
· Royalty Income component growth of 6% to $4.61m (2012: $4.35m)

· Profit before tax of $611,894 up 15% year/year (2012: $530,515)

· Profit of $454,111 up 70% year/year (2012: $265,476)

· EPS 4.3 cents (2012: 2.8 cents)

· Positive operating cash flow of $885,299 (2012: $823,760)

· Net Debt as of Dec. 31, 2013 $1.18 million down 52% year on year (2012: $2.54 million)

· Positive start to 2014

http://www.moneyam.com/action/news/showArticle?id=4831516

StockMarketWire.com
Water Intelligence confirms the acquisition of franchise territory covering Miami, Florida.

The territory will be run as a corporate location with 2015 revenue and earnings consolidated directly into Water Intelligence.

The location will be joined with our growing corporate operations that are adjacent in Fort Lauderdale to form a regional office.

"The Board of Water Intelligence is pleased to announce the acquisition of a franchise with territory covering Detroit / Eastern Michigan. The franchise will be run as a corporate location with 2015 revenue and earnings consolidated directly into Water Intelligence. The acquisition comes as the franchisee retires having previously built up a successful business in that region.

The Board considers the franchise sufficiently well developed to be worthy of acquisition and will be joined with a new corporate location to be launched in Chicago during the latter half of 2015 to form a Mid-west U.S. regional hub from which further business in the region can be developed."

Executive Chairman Patrick DeSouza added:
"Coupled with our acquisitions of franchises in Miami and New York earlier this year, we are building critical mass and fueling growth at the Water Intelligence level via corporate store sales while our overall American Leak Detection franchise business continues to grow creating future opportunities for earnings accretive acquisitions."

StockMarketWire.com
Water Intelligence's FY pretax profit has slipped to $0.58m, from a year-ago loss of $0.61m. Revenue was $7.2m, from $6.8m. It has made a very positive start to 2015.

Executive chairman Patrick DeSouza commented:
"We are pleased with the development of the business, in particular the strengthening of the Company's balance sheet and the further development of our franchise reacquisition programme.

"Our main objective for this next cycle of corporate development is to sustain accelerated growth so that we can contemplate shareholder dividends without having to sacrifice reinvestment requirements needed to be a growth company."

StockMarketWire.com
Water Intelligence confirms the signing and launch of its first formal national contract with one of the top-five insurance companies in the US to provide adjusters a trusted partner to pinpoint water leaks and minimize collateral damage claims from residences and businesses.

To date, the company had worked with insurance claims adjusters across the US via its national franchise system relying mainly on local marketing.

"In an effort to meet insurance customers' demand for a business to business approach, the Company has implemented during 2016 a centralized channel for job assignments and billing," said Water Intelligence in a statement.

"With respect to the subject insurance customer, during 2016 the Company processed through a pilot channel approximately 1500 jobs amounting to approximately $500,000."

These jobs supplemented other insurance jobs originating at a local level among franchisees.

"The Company anticipates broadening its national approach during 2017. The Company will begin reporting a business to business channel starting with its 2016 Annual Report."

StockMarketWire.com
Water Intelligence, a provider of leak detection and remediation solutions, grew sales by 50% in the third quarter to $13.27 million.

The result is already approximately 10% higher than full year 2016 group sales of $12.18 million and almost double the full year 2014 group sales of $6.82 million.

While the group's sales still mostly reflect the core American Leak Detection (ALD) business, during the third quarter Water Intelligence International passed $1 million in sales.

All components of the American Leak Detection business have continued strongly despite severe flooding from hurricanes in Florida and Texas and wildfires in California. These disasters limited available workdays during which ALD could generate additional revenue and earnings.

Through Q3, franchise royalty income still grew 7.5% to $4.62 million and corporate-operated stores grew 62% to $4.99 million.

Product and equipment sales grew 11% to $0.8 million.

The company said profits before taxes remain in-line with expectations as the group continues to reinvest for accelerated growth.

As of the end of October, Water Intelligence has approximately $0.9 million in cash, $250,000 in an untapped working capital line of credit and approximately $1 million in a bank acquisition line of credit to support additional reacquisitions of franchise locations.

Patrick DeSouza, executive chairman of the company, stated: "Needless to say, we are pleased with our results. We are having yet another good year. More importantly, we are all - franchisees and corporate staff - looking forward to executing the next five-year plan. We have a big market to capture and a set of operations and offerings now in place that can scale aggressively."