Press Release

BRYN MAWR, Pa., Apr 27, 2010 (BUSINESS WIRE) -- Aqua America, Inc. (NYSE:WTR) announced today that its Virginia subsidiary, Aqua Virginia, Inc. (Aqua), has completed the purchase of the water system assets of the Skyline Water Company, Inc. and the Rebel Water Works, Inc., which together serve approximately 1,400 people in an area surrounding the town of Culpeper in Culpeper County, and in Orange and Fauquier counties. Aqua already operates nine water systems in the area.

"This is a great opportunity for Aqua -- and for our new Virginia customers," said Aqua America Chairman and CEO Nicholas DeBenedictis. "We'll invest the time, expertise and dollars to make the infrastructure and treatment improvements these systems need so that we can deliver quality water. And, combined with our existing systems, these new additions will create operating economies of scale that benefit our customers and Aqua alike."

Aqua paid $564,000 for the systems and plans to invest an equal amount in improvements over the next three years. Aqua serves a total of about 82,000 people throughout Virginia.

Earlier this week, Aqua announced its acquisition of a wastewater company in Illinois. Today's announcement brings Aqua's total number of acquisitions to six so far this year.

Aqua America is one of the largest U.S.-based publicly-traded water utilities serving almost 3 million residents in Pennsylvania, Ohio, Illinois, Texas, New Jersey, Indiana, Virginia, Florida, North Carolina, Maine, Missouri, New York, South Carolina and Georgia. Aqua America is listed on the New York Stock Exchange under the ticker symbol WTR. The company has been dedicated to the preservation and improvement of the environment throughout its history, which spans more than 100 years.

This release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 that address, among other things: possible benefits from the improvements to the acquired operations; the system's compliance with environmental regulations; the approximate number of people served by the acquired system, and the continuation of the company's strategy to pursue the acquisition of such systems. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including: the risk that the acquired company's business will not be successfully integrated; and other key factors that we have indicated could adversely affect our business and financial performance discussed in our Annual Report or Form 10-K for the fiscal year ended December 31, 2009, which is on file with the Securities and Exchange Commission. Aqua America is not under any obligation--and expressly disclaims any such obligation--to update or alter its forward-looking statements whether as a result of new information, future events, or otherwise.

WTRF

SOURCE: Aqua America, Inc.

Aqua America, Inc.
Gretchen Toner
Manager, Strategic Communications
610-645-1175
gmtoner@aquaamerica.com
or
Brian Dingerdissen
Director, Investor Relations
610-645-1191
bjdingerdissen@aquaamerica.com

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