Underground Solutions Featured at Wall Street Water Investment Conference

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Underground Solutions Featured at Wall Street Water Investment Conference

Company Featured at the Wall Street Transcript "Investing in the Water

Industry" Conference

PITTSBURGH, PENNSYLVANIA, Jun. 2 -/E-Wire/-- Underground Solutions, Inc. (Pink Sheets:UGSI) announced today that it has been invited to present an overview of the Company June 10, 2003 at the Harvard Club in New York City. The conference is sponsored by the Wall Street Transcript and is entitled "Investing in the Water Industry." The attendees at the conference will primarily include portfolio managers from pension funds, mutual funds, hedge funds, trusts, endowments, insurance companies and the leading analysts from the water industry.

Other presenters include such notable companies as California Water Service (symbol:CWT), the largest investor-owned water utility in the western United States; Philadelphia Suburban Corporation (symbol:PSC), the nation's largest investor-owned water utility, serving nearly two million residents in Pennsylvania, Ohio, Illinois, New Jersey, Maine and North Carolina; Artesion Resources, the oldest and largest investor-owned regulated public water utility in the State of Delaware which provides water service to 226,000 residents or 27% of Delaware's total population; Southwest Water Company which provides a broad range of services including water production and distribution; American States Water Company (symbol:AWR) which provides water service to 1 out of 30 Californians located within 75 communities throughout 10 counties in Northern, Coastal and Southern California; Veolia Environment (symbol:VE) formerly Vivendi Environment, the world's largest water company which provides water and wastewater services to more than 110 million people and 40,000 businesses in roughly 100 countries; CUNO Incorporated, a world leader in the design, manufacture and marketing of a comprehensive line of filtration products; Middlesex Water Company, an investor-owned water utility that provides water service in parts of New Jersey and Delaware; and The New York Water Company which serves approximately 150,000 people in 35 municipalities in York County.

The Moderator for the conference will be David Wanetick, Managing Director of the Gateway Investor Forum and additional viewpoints on the industry will be presented by David Schanzer, Senior Analyst for Janney Montgomery Scott; Neil Berlant, First Vice President and Managing Director-Water Group of The Seidler Companies Incorporated; and Debra Coy, Senior Analyst at Schwab Capital Markets.

Underground Solutions has developed the Duraliner(TM) Water Line Replacement System which allows municipalities to completely rehabilitate deteriorated underground water lines with minimal excavation resulting in a substantial cost savings over conventional "dig and replace" methods.

Duraliner is a unique patented process for pipeline renewal resulting in a "stand alone" structural lining capable of handling internal minimum operating pressures of 150 psi with a 3.2 safety factor. Duraliner conforms to NSF 61 Standards for Drinking Water Components/Health Effects. In addition, Duraliner provides an equivalent design-life of new PVC pipelines (75 to 100 years) thus qualifying the rehabilitated pipe lines to be capitalized as new assets under the rules of GASB Statement 34.

Certain statements in this news release contain forward-looking information within the meaning of the Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks, assumptions and uncertainties, including the inability to generate and secure the necessary product sale, or the lack of acceptance of the company's products by its customers. In each case actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise it forward-looking statements even if experience or future changes make it clear that any projected results (expressed of modified) will not be realized.

Underground Solutions, Inc

Underground Solutions, Inc.

Mark A. Smith, 724/353-3000

email: [REDACTED-EMAIL]

http:// www.undergroundsolutions.com

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