TULSA, Okla., March 12, 2012 /PRNewswire/ -- EffTec
International, Inc. (OTC PK: EFFI), provider of a leading HVAC
water-cooled chiller optimization solution, is pleased to announce
that the Company has executed a Distribution Agreement with a major
Energy Service Company (ESCO) in the Philadelphia, PA area. The ESCO provides a
broad range of comprehensive energy savings solutions, and has a
broad network of customers, including several Fortune 500 companies
in the Healthcare, Pharmaceutical Manufacturing, Consumer Goods and
Software industries. The Distribution Agreement allows for EffTec's
innovative EffTrack™ System to be offered as a part of the ESCO's
suite of energy-saving products and solutions.
"This Agreement provides us with an enormous opportunity to
introduce EffTrack™ to a wide range of potential customers that
have already shown an interest in minimizing their energy
consumption," stated Keith Johnson,
President of Efficiency Technologies, the wholly-owned operating
subsidiary of EffTec International. "The scope of this potential
customer base is enormous, as our ESCO partner serves both public
and private companies from all industries, including many leaders
within their respective markets. Working with this partner will
enable EffTec to leverage our technology to expand our presence
across several industries that may have been difficult to enter
previously."
EffTec anticipates a substantial increase in its pipeline as a
result of the Agreement, and estimates that more than $2 million in sales can be brought in through
these distribution channels by the end of this calendar year. The
Company is actively pursuing additional Distribution Agreements
with other ESCOs or like partners, which will further magnify the
potential to make EffTrack™ a leading solution within the energy
efficiency sector.
"We are excited to be integrating our system with the energy
saving products and technologies that are being offered by major
distributors. EffTrack™ is the only system of its kind available
today, and we are proud that our work and dedication is being
received so well by our peers in the marketplace." Mr. Johnson went
on to say.
About EffTec International, Inc.
EffTec International, Inc., through its wholly-owned subsidiary
Efficiency Technologies, develops EffTrack™, an Internet-based
analysis and trending tool for water-based chillers. The EffTrack™
system has been proven to reduce energy costs in facilities that
utilize the solution by 15-25%, making it an attractive choice to
large corporations turning to clean technologies to maximize
savings. The system offers many benefits to customers including but
not limited to: monitoring chiller performance every 15 minutes
thereby extending the life of the equipment, diagnosing and
troubleshooting inefficiencies found in analysis, measuring the
results of corrective actions, and providing cost analyses of
suggested improvements. EffTec's customers include many Fortune 100
companies, universities, and major healthcare facilities across the
US.
For more information, visit www.efftec.com
NOTE ABOUT FORWARD-LOOKING STATEMENTS
With the exception of historical information, this press release
contains forward-looking statements as that are made pursuant to
the "safe harbor" provisions as defined within The Private
Securities Litigation Reform Act of 1995 (the "PSLRA").
Forward-looking statements may be identified by words including
"anticipates," "believes," "intends," "estimates," and similar
expressions. In addition, any other statements which contain
characterizations of future events or circumstances are
forward-looking statements. These statements are based upon
management's current expectations as of the date of this press
release. Actual results may differ materially from the expectations
contained in this press release due to a number of risks and
uncertainties, such as general economic conditions that could limit
the acceptance of EffTec's product, increased competition, the
ability to provide additional EffTrack™ monitoring systems to the
customer and other risks relating to our business. EffTec does not
undertake any responsibility to publicly update any forward-looking
statements to reflect events or circumstances after the date on
which any such statement is made or to reflect the occurrence of
unanticipated events.
Financial Communications:
Michael Irving
Paramount Advisors, LLC
407-878-5460
mike@parvise.com
SOURCE EffTec International, Inc.