Partnership Formed: EastBank Capital and Water Development Company

Online, April 7, 2013 (Newswire.com) - EB Capital, LLC ("EastBank Capital") announced today that it has formed a business partnership with a privately held Water Development Company ("Company") in order to potentially supply water to municipalities in New Mexico.

The Company is a privately held Water Development Company that has significant experience in developing and completing water and pwer projects. The Company also has serious interest from a publicly traded technology company for the purchase of the Company's deliverable. The publicly traded technology company is planning for expansion of its facilities in New Mexico.

According to the Company's prospectus, the population has outgrown the current water supplies and in order for the area to continue to function, more water has to be imported to these areas. Based on several studies by several independent groups, at current growth rates, the needs for the area will increase by an additional 35,000 perpetual acre feet of water annually over the next 15 years.

About EastBank Capital:

EastBank Capital is a leading international private investment firm that offers Project Finance Loans to private and public companies throughout the world with more than 20 years of combined experience. EastBank Capital's executives meet the needs of its clients by offering a highly intergrated and collaborative range of expertise across key business sectors throughout its global network of formed key business relationships. EastBank Capital's integrated practice is underpinned by its team members' acknowledged expertise and a strong tradition of innovation and client service.

http://www.eastbankcapital.com/partnership_formed_eastbank_capital_and_water_development_company.html]http://www.eastbankcapital.com/partnership_formed_eastbank_capital_and_water_development_company.html