Encore Energy Systems Issues Guidance on Projected Sales of $225 Million
September 04 2007 - 8:30AM
PR Newswire (US)
BRIGHTON, Mich., Sept. 4 /PRNewswire-FirstCall/ -- Encore Energy
Systems, Inc. (Other OTC: ENCS), a rapidly growing diversified
energy company announces its new business revenue expectations.
Encore Energy and its subsidiaries have completed inventory of the
current sales pipeline. The anticipated gross revenues contain all
clients that have expressed direct interest or firm commitments and
to whom we reasonably expect to deliver solutions over the next 12
to 18 months. Our current client and prospect list contains
multiple instances of large nationally recognizable companies that
have committed to our business as well as numerous other
installations and development projects. Included also in our
projections are sales presently under agreement and awaiting final
client permission to issue a press release on same. Our sales
estimates do not include any sales projections from our operations
internationally. We will release projections for those markets
soon. Our current aggregate order book value exceeds
$225,000,000.00. We anticipate revising this figure upwards as the
year progresses and we obtain new qualified customer prospects that
have communicated a commitment to our solutions. The company has
been extremely fortunate in obtaining the services of key sales
personnel with combined industry and corporate relationships
spanning over 60 years. As a result of our rapid growth, we are
actively recruiting geothermal design consultants to assist in the
engineering. The company's patented DeMarco Energy Miser grey-water
system is receiving overwhelming support and attention. Many of the
projects where we have been invited to bid specifically request
connectivity to the municipal water or grey water system. Based on
the results from our current installations and a Department of
Energy study, we believe these heat pumps are from 30% to 70% more
efficient than other methods for heating and air conditioning. This
presents an excellent revenue growth prospect for Encore because of
our position in the USA market as the exclusive provider of our
patented concept of utilizing the existing network of grey-water
water pipes and connecting directly to our Energy Miser. Using the
thermal properties of pipes already present eliminates the need to
install a separate ground loop array of pipes. The demand for
energy saving solutions has surpassed even our wildest
expectations. We attribute this massive surge in demand primarily
to the property development community which is fueled even further
by the public's insistence on lower energy running costs. Our
current list of sales prospects includes many of the nation's most
prominent and recognizable companies. Stockholders should expect
regular updates on the results of our growing list of high-profile
clients. Stockholders should anticipate updates on our planned
acquisition of other geothermal and engineering companies as we
build our infrastructure to accommodate future demand. Stockholders
are directed to read various RISK FACTORS (and are incorporated
herein by reference) in regard to our business by reading the
version of this press release as posted on our web site. This
web-site version of this press release contains important
disclosures that you should read before any investment decision.
About the Company Encore Energy Systems grows through
energy-related acquisitions, marketing its patented geothermal
water-air heating/cooling systems, and sales of energy conservation
solutions. The company's geothermal marketing unit, DeMarco Energy
Systems of America, Inc. ( http://www.demarcoenergy.com/ ), has
geothermal installations in Oregon, Pennsylvania, Washington,
Montana, South Dakota, Mississippi, California and Texas. Encore's
primary focus is to provide energy efficient technologies to
commercial and institutional markets that result in significant
energy and cost savings. For more information, visit
http://www.encoreenergyinc.com/ . Safe-Harbor Statement This press
release contains statements (such as projections regarding future
performance) that are forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Actual results
may differ materially from those projected as a result of certain
risks and uncertainties, including but not limited to those
detailed from time to time in the Company's filings with the
Securities and Exchange Commission. DATASOURCE: Encore Energy
Systems, Inc. CONTACT: Investor Relations, Jack Tarry, CEO, Encore
Energy Systems, Inc., +1-888-234-0963, Web site:
http://www.encoreenergyinc.com/ http://www.demarcoenergy.com/
Copyright