Press Release

BRYN MAWR, Pa., May 06, 2010 (BUSINESS WIRE) -- Aqua America, Inc. (NYSE: WTR) announced today that its Texas and Pennsylvania subsidiaries have acquired utility system assets in their respective states.

Aqua Texas, Inc. acquired the assets of Canyon Springs Water Company, which currently serves approximately 1,200 people in Comal County, Texas for $650,000. The community is composed of three subdivisions, the build-out of which is expected to double the current occupancy.

Aqua Pennsylvania, Inc.'s wastewater company purchased the wastewater utility assets of Stony Creek Farms in Montgomery County. The community is currently under construction with 60 of 209 units completed. At build-out, Aqua Pennsylvania expects to provide service to approximately 600 people.

"Both the Texas and Pennsylvania acquisitions help fill out our footprint in areas we serve nearby," said Aqua America Chairman and CEO Nicholas DeBenedictis. "We look forward to bringing our professional management and technical expertise to these communities and providing them with quality water in the case of Canyon Springs and reliable service for both systems."

These acquisitions bring to eight the number completed by Aqua America subsidiaries 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: benefits from the approximate number of people served by the acquired systems, the expected build-out of the developments served by the acquired systems, the impact the Company may have on the acquired systems, 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.
Donna Alston
Manager, Communications
610.645.1095
dpalston@aquaamerica.com
or
Brian Dingerdissen
Director, Investor Relations
610.645.1191
bjdingerdissen@aquaamerica.com

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