Law Firm Announces Investigation On Behalf of Shareholders of Basin Water Inc

Law Offices of Howard G. Smith Announce Investigation On
Behalf of Shareholders of Basin Water Inc.

BENSALEM, Pa., Dec. 27, 2007 LAWFUEL – Legal Newswire — Law Offices of Howard G. Smith announces that it is investigating a potential securities
class action against Basin Water, Inc. (“Basin Water” or the “Company”)
(Nasdaq:BWTR) related to the Company’s November 14, 2007, press release
announcing Basin Water’s third-quarter 2007 financial results.

The investigation concerns possible violations of federal securities
laws in connection with the Company’s announcement of a third quarter
loss of approximately $9.8 million, or $.0.50 per share, and a $4.7
million charge to cost of revenues to reserve for future projected
losses. The November 14, 2007 press release attributed the reserve to
“poorly priced contracts, increasing waste disposal and salt purchase
costs and the inability to contractually pass increased costs on to our
clients.”

If you currently own shares of Basin Water, Inc. and wish to discuss
your legal rights, or if you are interested in helping us with our
investigation, you may call or email (please include your contact
information) Howard Smith, Esquire, of Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone
at (215) 638-4847, Toll-Free at (888) 638- 4847, or by email to
[email protected]

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