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WATERBANK® CREATING
WATERBANK® PARTNERS I SEED CAPITAL FUND
WaterBank®
has been approached by a number of individuals who have developed new
technologies or have proposed specific projects to us.
They usually have tried to interest large
companies in their technologies and they have been discouraged by telephone
answering systems, unknowledgeable secretaries,
voice mail, unreturned telephone calls, and
corporate executives and venture capitalists who have no understanding of
either their technology, its place in the market, or whether is it properly
timed to enter the market.
WaterBank®
has created a panel of distinguished
industry-oriented technical experts to evaluate
technologies and projects so that we can focus on
those that have the promise of market successl.
These opportunities come to us before they ever
reach the venture capital stage.
WaterBank®
is now establishing its WaterBank®
Partners I Seed
Capital Fund
WaterBank®
has hired Mr. Tony Burger to prepare our business and marketing
plan. Our initial fund will raise $10 million for three specific projects
with the possibility of adding others if funding permits. We
will fund the following
projects and technologies:
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WaterBank Hydropower, BT - WaterBank
has control of 200,000 acre feet of water annually on the East Fork of
the Carson River. We will move these adjudicated water rights to
the California - Nevada Border and as it drops 300 feet to the Carson
Valley floor, we will build an estimated 10 Megawatt hydropower plant.
The power will be sold for about 13 cents per Kwh.
Funds are required for the pre-feasibility and feasibility and licensing
activities. We intend to finance an EDB (engineer, design, build)
project through a New York investment house.
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Rapid Spray Desalination. - RSD is a
new twist on existing technology which will be associated with electric
power projects and other sources of waste heat. In the
desalination industry very small increases in process efficiency lead to
huge savings in cost and large profit potential. This technology
has already been reviewed by two of our technical experts. Patents
exist on the process. Funds will be used for construction of a
proof-of-concept unit. The POC unit will be used to develop
life-cycle energy and mass balance data. We have already
identifies clients worldwide.
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FAST Technology - FAST technology is
a new technology for extracting underground formation fluids for
analysis and for conducting flowing well and shut-in pressure tests.
Shell Oil in Europe has told our German associates that our oil and gas
tool (pat. pending) can save them $700,000 per test in the North Sea.
Based on our own expertise in this area, we can reliably say that the
market potential is worldwide. The first patent on this technology
was issued in December 2003. Funds will be used to complete
patenting, testing, and marketing.
NOTE:
This is not a solicitation or offer for participation in the
WaterBank®
Partners I Seed
Capital Fund. Any such solicitation or offer
will only be made to qualified investors who have
contacted us before the creation of the fund and in locations where
the solicitation or offer is llegally available.
It is also only made through a prospectus for the fund which
is in preparation as of April
7, 2004.
Visits since January 25, 2003
Visits since April 7, 2004
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