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Richmond , California (October 3, 2003) -- Western Water Company
(OTCBB: WWTR) announced today that, as part of its previously
announced efforts to reduce operating expenses and consolidate
its administrative operations, the full-time position previously
held by William T. Gochnauer, Senior Vice President and Chief
Financial Officer has been eliminated, effective immediately.
Mr. Gochnauer's title and responsibilities as Chief Financial
Officer have been assumed by James E. Sherman , who will also
continue to serve as the Company's Executive Vice President and
Chief Operating Officer.
Western
Water Company is engaged in the identification, development, transportation,
sale and lease of water rights and water to municipalities and
other end users in the western United States and owns water rights
and real estate in California and Colorado.
Contact:
Michael Patrick
George
Western
Water Company
(510)
234-7400
Statements
contained in this release which are not historical facts are forward
looking statements that involve risks and uncertainties that could
cause actual results or future events to differ from those contained
herein. Factors that could cause actual results or events to differ
include the Company's ability to fund its on-going operations,
develop and market its water and water rights, and the various
other factors and considerations detailed in the Company's Securities
and Exchange Commission filings.
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