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
"Water Intelligence, a water monitoring company, has announced that it has received an order from Thames Water worth 177,000.

Thames Water will buy its "Leapfrog" product which detects leakage. "

"Water Intelligence, announces that its subsidiary, American Leak Detection, Inc., has entered into a master franchise relationship ("Master Franchise") with Tim Sanders, who currently trades as "FindALeak".

Under the new relationship, Mr. Sanders will conduct his business in the future as "Target Leak Detection" (www.targetleakdetection.co.uk). Franchise information may be found at www.targetleakdetectionfranchise.co.uk.

The Master Franchise, covering England, Wales, Scotland and Northern Ireland, enables Water Intelligence to immediately provide water leak detection and remediation services in the UK.

Under the arrangement Water Intelligence anticipates receiving up to 225,000 over five years in initial licensing fees.

In addition to the initial licensing fee, Mr. Sanders will be paying Water Intelligence ongoing royalties from his corporate owned units of 3% on his first annual 500,000 of revenues and 6% above 500,000. He will also pay Water Intelligence between 6% and 20% of the royalties he receives from sub-unit franchisees based on the royalty rate he charges those franchisees. Mr. Sanders will also pay Water Intelligence 20% of the sub-unit franchise fees he receives from unit-level franchisee (rising to 35% if Water Intelligence introduces a candidate to him). "

you got stuck with these as well harry....:))

Yep. I had 100,000 QTI which got reduced to 10,000 & now I have got 83 WATR shares, so not too exposed, but also virtually valueless. Hopeless company.

I got 61 at ave, 4.92p so not much chance in the near future.lol

Water Intelligence plc (AIM: WATR)

96 Mile Survey Contract Signifies Focus to Capture Additional Municipal Leak Detection Market Share

Water Intelligence, a leading provider of water monitoring, leak detection and remediation services announces that its wholly owned subsidiary, American Leak Detection, Inc. ("ALD"), has been awarded a contract with the Kittery Water District in Kittery, Maine, US to detect potential water leaks along 96 miles of pipeline.

While modest in terms of the Company's overall revenues, the contract win is a positive strategic step in the Company's efforts and focus to grow its share of the US municipal and utility leak detection market.

The Board believes that the Company's new relationship with Kittery provides it with a reference point for other US municipalities to introduce both services and potentially, in the medium term, some UK-based water monitoring products which could be adapted for the US market.

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.