EXHIBIT 99.1

ConnectivCorp Terminates Contribution Agreement To Acquire Aqua
                        Development Corp.


NEW YORK--(BUSINESS WIRE)--May 8, 2003--ConnectivCorp (OTCBB:CTTV) announced
today that it had terminated the previously announced contribution agreement
pursuant to which it would have acquired 87.27% of the outstanding common stock
of Aqua Development Corp. ConnectivCorp is currently considering its rights and
remedies in connection with such termination.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of
1995. This press release may contain forward-looking statements relating to
future performance and expectations within the meaning of such Act. Actual
results could be affected or differ materially from those statements and
expectations as a result of various factors including: the contribution
transaction may not be consummated; the businesses may not be successfully
integrated; and historical results may not be indicative of future performance
of the combined businesses.

More information about factors that potentially could affect ConnectivCorp's
financial results is included in ConnectivCorp's filings with the Securities and
Exchange Commission.

CONTACT:

ConnectivCorp
Robert S. Ellin, 212/750-5858