Encore Energy Systems Continues Growth With New Residential Installations
September 17 2007 - 8:15AM
PR Newswire (US)
BRIGHTON, Mich., Sept. 17 /PRNewswire-FirstCall/ -- Encore Energy
Systems, Inc. (Other OTC: ENCS), a rapidly growing diversified
energy company is pleased to announce its wholly owned subsidiary,
American Geothermal, commences work on new contract in Ft Worth,
Texas. The property is located on a ranch just east of Ft. Worth,
Texas occupying a floor area of approximately 6,000 sq-ft. The
living accommodation is divided into individual units comprising of
family cabin, children's cabin, guest lodge and game room. Six
DeMarco Energy Miser units will be installed providing a total of
20 tons of heating and cooling. The property borders a 2-acre
man-made lake offering the perfect setting for our solutions. This
is the Company's second Lake Flato awarded project.
(http://www.lakeflato.com/ ). The company anticipates continuing
installations of its systems from this client source. For this
client, our DeMarco Energy Miser solution incorporates a Slim-Jim
Geothermal Lake Plate supplied by Aweb Supply.
http://awebgeo.com/AWEB.asp?file=SlimJim.asp . Using the lake
should produce Energy Efficiency Ratios (EER) well above the 30
range. The client can expect savings on energy bills of up to 70%.
Our subsidiary, American Geothermal, serves the Texas region and is
led by Victor DeMarco, CEO. Revenues for this business unit in 2005
and 2006 were approximately $283,000.00 and $560,000.00. Year to
date revenues for 2007 are $503,000.00. The year-on-year increase
in revenues is approximately 100% per year. American Geothermal
expects continuing profitable revenues and conservatively estimates
$850,000 in sales for 2007. The company anticipates further strong
revenue growth within this subsidiary and the company's other
business units. The company's growth and demand for its geothermal
systems is unprecedented. We will update stockholders with each new
award of business on a continuing basis. Stockholders can expect
forthcoming announcements of significant new clients. 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. To learn more about the company's wholly
owned subsidiary, American Geothermal, visit:
http://www.amgeosystems.com/ . For more information Encore, 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: Encore Energy Systems, Inc, Investor
Relations, +1-888-234-0963, Web site:
http://www.energyvisionintl.com/ http://www.amgeosystems.com/
http://www.demarcoenergy.com/
http://awebgeo.com/AWEB.asp?file=SlimJim.asp
http://www.lakeflato.com/
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