ADVISORY/Philadelphia SuburbanCorporation Chairman to Ring the Closing Bell At NYSE Commemorating Name and Ticker Change

January 14, 2004
ADVISORY/Philadelphia SuburbanCorporation Chairman to Ring the Closing Bell At NYSE Commemorating Name and Ticker Change

Jan 14, 2004 (BUSINESS WIRE) -- Philadelphia Suburban Corporation (NYSE:PSC) 

WHO:            Philadelphia Suburban Corporation Chairman and CEO
                Nicholas DeBenedictis and other company officers.

WHAT:           Ringing of The Closing Bell(TM) at the New York Stock
                Exchange (NYSE) commemorating the company's name
                change to Aqua America Inc. and ticker symbol change
                to WTR.

WHEN:           Friday, January 16, 2004
                4:00 p.m.

WHERE:          New York Stock Exchange
                Broadcast media - Live feeds for The Closing Bell
                    (starting at 3:55 p.m.) are available via fiber
                    line at Waterfront #1630. The Closing Bell is also
                    broadcast live on CNBC, CNNfn and Bloomberg TV
                    daily.
                Print media - Photos of the bell ringing are
                    available via Associated Press/New York
                    (212-621-1902), Reuters America (646-223-6285)
                    and Bloomberg Photo (212-893-3420).

DETAILS:        Philadelphia Suburban Corporation (NYSE:PSC) Chairman
                and CEO Nicholas DeBenedictis will be joined by other
                company officers and directors as he rings The Closing
                Bell at the New York Stock Exchange commemorating the
                company's name change to Aqua America, Inc. and its
                ticker symbol change to WTR. PSC, which traces its
                routes to a local water utility in suburban
                Philadelphia founded in 1886, is now the largest
                U.S.-based, publicly-traded water utility serving
                approximately 2.5 million residents in 14 states. The
                new name reflects the company's national position.

EDITOR'S NOTE:  On January 16, 2004, media inquiries should be
                directed to Scott Tattar (215-721-1692) or Linda Woody
                (215-957-0300) at Tattar Richards DBC as PSC
                communications staff will be on site at NYSE.

SOURCE: Philadelphia Suburban Corporation

Philadelphia Suburban Corporation Donna Alston, 610-645-1095 or Randi Polanich, 610-645-1175