Date: Thu, 18 Dec 1997 21:56:14 GMT Server: Apache/1.2.0 Last-Modified: Tue, 25 Nov 1997 03:28:49 GMT ETag: "ba893-1180-347a45f1" Content-Length: 4480 Accept-Ranges: bytes Connection: close Content-Type: text/html Current News

Nov. 21, 1997

Dominguez Services Corporation to Acquire Lucerne Water Company;
Transaction Marks Company's First Expansion into Northern California

LONG BEACH, Calif. (Nov. 21,1997) - Dominguez Services Corporation (Nasdaq: DOMZ) today announced that it has signed a definitive agreement to acquire the assets of Lucerne, Calif.-based Lucerne Water Company. The transaction is subject to customary regulatory approval and is expected to close in approximately 90 days.

Closely-held Lucerne, with more than 1,200 customer connections, represents Dominguez' initial expansion into northern California. The acquired water utility will operate as a stand-alone subsidiary of the Company.

The Lucerne purchase is Dominguez' third in 1997, following earlier acquisitions in the Company's Kern County, Calif. service area.

`Dominguez president and chief executive officer Brian J. Brady said, ``After 86 years of service in southern California, the diversification into Lake County marks a milestone in our history. It also provides a foothold for additional expansion in the region should suitable opportunities present themselves.

``We have expended considerable effort to establish our reputation for providing consistently high levels of water quality and service. The Company has also distinguished itself by demonstrating strong corporate citizenship within the communities we serve. We will continue that tradition in Lucerne, and look forward to being an active member of the community.''

Founded in 1911, Long Beach, Calif.-based Dominguez Services Corporation is a water-utility holding company that serves approximately 40,000 customers through three subsidiaries: Dominguez Water Company in the South Bay region of metropolitan Los Angeles; Antelope Valley Water Company in northeastern Los Angeles County; and the Kern River Valley Water Company in central California.


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