WEST COVINA, Calif., July 11, 2002 -- Southwest Water Co. recently announced that its stock has been added to the Russell 2000 Index. The index, compiled by the Frank Russell Company, is a ranking of the smallest two-thirds of the largest 3,000 U.S. stocks, as measured by market capitalization. At the close of trading on July 10, 2002, Southwest Water Company's market capitalization was approximately $150 million.
Anton C. Garnier, Southwest Water president and chief executive officer, said, "We are very pleased to be included in the Russell 2000 Index. This achievement reflects the success of our long-term growth strategies and our ongoing financial improvements. Inclusion in the index will increase our visibility within the investment community and we hope will introduce Southwest Water to a greater number of investors."
Membership in the Russell 2000 index is determined by market capitalization rankings and a Russell Company proprietary program that determines growth and value characteristics. Russell indices are widely used as benchmarks for evaluating company performance in the U.S. equity market.
Southwest Water Company provides a broad range of services, including water production and distribution, wastewater collection and treatment, public works services and utility submetering. The company owns regulated public utilities and also serves cities, utility districts and private companies under contract. More than 1.5 million people in 29 states from coast to coast depend on Southwest Water for high-quality, reliable service.
