EffTec International, Inc. (USOTC:EFFI)
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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.
Paramount Advisors, LLC
SOURCE EffTec International, Inc.