Encore Energy Systems Issues Stockholder Update
September 06 2007 - 2:01PM
PR Newswire (US)
BRIGHTON, Mich., Sept. 6 /PRNewswire-FirstCall/ -- Encore Energy
Systems, Inc. (Other OTC: ENCS), a rapidly growing diversified
energy company issued a stockholder update. As previously committed
to stockholders, the company will release frequent updates on its
progress to date. The company believes regular communication and
timely information delivered to investors important. To this end,
we release the following update: Current Operations and Sales The
company has three business units: American Geothermal, Demarco
Energy, and Encore Energy UK. These units are responsible for
sales, operations, and marketing. The company intends to acquire
one or more complementary businesses to expand both our operational
and executive depth. Our sales team has a current projected sales
volume of $225,000,000 for the next 12 to 18 months. The
anticipated sales figures comprise a large list of qualified,
serious customer prospects who have indicated or committed to our
solutions. The prospective clients include numerous nationally
recognized large corporations seeking to lower their
energy-consumption and lower costs. The company will soon release
significant news on some of its new marquee projects with large
clients. Recent Accomplishments -- We entered the final phase of
the Lake Travis project with nearly 140 DeMarco Energy Miser Units
delivered. -- Combined USA sales projections of $255,000,000 -- We
expanded our solutions and product depth through our wholly owned
subsidiary, American Geothermal. -- Encore UK formed a strategic
alliance with one of the UK's leading energy conservation
engineering companies, ISO Energy Ltd, (http://www.isoenergy.co.uk/
) to jointly design solutions and commission energy related
technology in new-build developments throughout the UK market.
Capitalization and the Future Stockholders can view the most recent
and accurate company data at http://www.pinksheets.com/. Management
strives to maintain accurate and timely public information. The
company does not intend to significantly increase this number nor
modify it through a reverse or forward split of stock. The company
will soon post financial information to the OTCiq filing system
(http://www.otciq.com/) in order to maintain important investor
disclosures and financial information. The company may have one or
more acquisitions under consideration that is completed would
increase the number of shares issued but would not stockholder
equity on a per share basis. All prospective acquisitions will be
structured specifically to increase stockholder equity and
therefore be non-dilutive on an equity-basis. The company has no
immediate plan to become a fully-reporting company with the
Securities and Exchange Commission nor list its stock on the OTCBB.
Management believes there to be no stockholder benefit to
subjecting the company to the massive expense of time and money.
Nor does management feel the OTCBB a fundamentally better venue in
regards to both market liquidity or stockholder access to
information. Should we be required to become full reporting by
virtue of a large funding transaction of other merger or
acquisition, we will reconsider our current policy. However, for
the foreseeable future, Management will timely update and release
operational and financial information to stockholders in a manner
we feel is both superior to, and certainly far less cumbersome than
those methods prescribed by the SEC's 'reporting' rules -- namely
direct communication and regular reporting with the OTCiq system.
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: Jack Tarry, Investor Relations of Encore
Energy Systems, Inc., +1-888-234-0963, Web site:
http://www.encoreenergyinc.com/ http://www.demarcoenergy.com/
Copyright