PowerCold and YORK Sign Joint Sales and Marketing Agreement
September 09 2004 - 11:08AM
PR Newswire (US)
PowerCold and YORK Sign Joint Sales and Marketing Agreement LARGO,
Fla., Sept. 9 /PRNewswire-FirstCall/ -- PowerCold Corporation
(OTC:PWCL) (BULLETIN BOARD: PWCL) announced today that its wholly
owned subsidiary, PowerCold ComfortAir Solutions, Inc. has signed a
five-year sales and marketing agreement with the Unitary Products
Group of YORK International Corporation (NYSE:YRK). PowerCold(R)
will use and promote YORK(R) commercial HVAC products with its
central HVAC system packages. YORK(R) is supporting the
relationship promoting PowerCold(R) systems with joint sales calls,
promotional literature and product specs, performance software, and
plant tours. The joint marketing efforts will target a number of
specific customers and accounts including hotels, restaurants,
healthcare facilities, and pharmacies. PowerCold anticipates that
the joint sales efforts will create $50 million in new revenue over
the next five years. "PowerCold's unique business model for
providing complete turnkey HVAC solutions adds tremendous value to
key national account customers," says Chuck Thompson,
Vice-President of National Accounts, YORK International
Corporation, Unitary Products Group. Robert Yoho, President of
PowerCold ComfortAir Solutions, Inc. said, "YORK and PowerCold
complement each other very well. We're both focused on providing
flexible solutions that can be customized to meet the individual
needs of each customer. Through our partnership, our clients will
benefit from a wider range of products that ensure optimal
performance in all of their HVAC applications." YORK International
Corporation is a full-line, global provider of heating,
ventilating, air conditioning and refrigeration (HVAC&R)
products and services. YORK is the largest independent supplier of
HVAC&R equipment in the United States and a leading competitor
in the industry internationally. The Company's products are sold in
more than 125 countries and YORK has approximately 22,300 employees
worldwide. PowerCold ComfortAir Solutions, Inc., a wholly owned
subsidiary of PowerCold Corporation, offers turnkey high efficiency
HVAC solutions for commercial buildings, including major hotel
chains, national restaurant and retail store chains, extended care
facilities, and office buildings. PowerCold Corporation designs,
develops and markets unique HVAC products and systems for
commercial use. PowerCold's proprietary energy efficient products
provide a clean comfort air environment and significantly reduce
power costs by up to 50% for air conditioning, refrigeration and
on-site building power. PowerCold Contact: Diane Braun,
800-782-1225 YORK Contact: Mark Ritz, 405-419-6537 PowerCold Email:
PowerCold Website: http://www.powercold.com/ PowerCold(R) is a
registered trademark of PowerCold Corporation YORK(R) is a
registered trademark of YORK International Corporation
Forward-Looking Information: The statements in this news release
contain forward-looking information within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve certain risks, assumptions and
uncertainties, including the inability to generate and secure the
necessary product sale, or the lack of acceptance of the company's
products by its customers. In each case, actual results may differ
materially from such forward-looking statements. The company does
not undertake to publicly update or revise its forward-looking
statements even if experience or future changes make it clear that
any projected results (expressed or modified) will not be realized.
DATASOURCE: PowerCold Corporation CONTACT: PowerCold: Diane Braun,
+1-800-782-1225, Email: ; or YORK: Mark Ritz, +1-405-419-6537 Web
site: http://www.powercold.com/
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