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 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."

Completion of Fundraise

PDMR Dealing

Water Intelligence, a leading provider of non-invasive leak detection and remediation services, is pleased to confirm that, further to the Company's announcement earlier today, it has raised £4.2 million (the "Fundraising") in an oversubscribed placing and subscription, through the issue of an aggregate of 2,171,320 new ordinary shares of one penny each in the capital of the Company ("Ordinary Shares") (including the issue out of treasury of 151,184 Ordinary Shares) at a price of 195 pence per Ordinary Share (the "Issue Price").

The fundraising (the "Fundraising") comprised a placing (the "Placing") of 1,846,154 new Ordinary Shares ("Placing Shares") to raise £3.6 million and a subscription (the "Subscription") of 325,166 Ordinary Shares (including the issue of 151,184 Ordinary Shares out of treasury) ("Subscription Shares") to raise a total of £0.6 million. In addition, Patrick DeSouza, executive chairman of the Company, has agreed to exercise 300,000 options over Ordinary Shares ("Exercise Shares") and sell these to incoming investors at the Issue Price (the Placing Shares, Subscription Shares and Exercise Shares, together the "New Ordinary Shares") (the "Share Transaction"). Michael Reisman and Laura Hills, directors of the Company respectively purchased 7,379 and 22,136 newly issued Ordinary Shares through the Subscription. Finally, David Silverstone, a director sold 38,500 Ordinary Shares to incoming investors at the Issue Price for tax purposes

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.