Environmental Banc & Exchange

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Environmental Banc and Exchange Awarded Six New Contracts From NC Ecosystem Enhancement Program

June 20, 2006: Environmental Banc and Exchange (EBX) has won six new streambed and wetlands projects with a value of over $11 million from the North Carolina Ecosystem Enhancement Program (NCEEP). The awarded sites, which will restore and preserve over seven miles of streambeds and 28 acres of wetlands, include:

• Beaverdam Swamp - located in the Cape Fear Basin in Harnett County
• Coleman Road - located in the Cape Fear Basin, includes tributaries to Flat Swamp ditch in Cumberland County, eight miles Northeast of Fayetteville
• 601 North - located in the Yadkin Basin, includes tributaries to Wicker Branch in Union County, seven miles South of Monroe
• 601 West - located in the Yadkin Basin, includes tributaries to Lanes Creek in Union County, eight miles South of Monroe
• Wolf Pond - located in the Yadkin Basin, includes tributaries to Adams Branch in Union County, five miles South of Monroe
• Morgan Creek - located in the Broad River Basin, includes Morgan Creek and nine tributaries in McDowell County, one mile Southeast of Sugar Hill

All awarded sites are approved for stream mitigation by the NC EEP; two, Coleman Road and Beaverdam, are also approved for wetland mitigation as well.

"These new projects show how progressive North Carolina is in balancing environmental preservation with the state's transportation and growth needs," said Randy Wilgis, EBX Director of Business Development. "With over nine years of experience here, we've done everything from new construction to maintaining five year umbrella mitigation banks. These projects add to EBX's substantial work in North Carolina of over 20 miles of stream preserved and over 1500 acres of wetlands preserved."

Founded in 1997, Environmental Banc & Exchange is America’s leading turn-key provider of ecosystem restoration and protection solutions. The firm has completed over thirty mitigation banks nationwide, renewed over 22 miles of stream, restored thousands of acres of wetlands, and rehabilitated numerous other critical habitats. EBX works with private and public sector clients to provide turn-key solutions which offset environmental impacts. Each solution involves the unique combination of EBX products and services reflecting the particular project requirements and challenges. www.ebxusa.com