Encore Energy Systems Issues Positive Earnings Per Share Guidance on Projected $225,000,000 Sales Pipeline
September 24 2007 - 9:48AM
PR Newswire (US)
BRIGHTON, Mich., Sept. 24 /PRNewswire-FirstCall/ -- Encore Energy
Systems, Inc. (Other OTC: ENCS), a rapidly growing diversified
energy company, issues earnings guidance, projects positive EPS for
2007 through 2008 and reiterates its sales pipeline totals of
$225,000,000. The company has approximately 38,000,000 shares
issued and outstanding. The company neither plans to materially
modify its capital structure nor affect any form of reverse or
forward split. The projected earnings-per-share is expected to
improve with each passing month for the next 12 months. If the
company makes no acquisitions, the company projects sales revenues
of $225,000,000 and bases its EPS estimate on fifty-percent of this
figure with an assumed 5% net EBITDA. The company therefore
anticipates a $0.05 EPS by calendar year-end 2008. This EPS is
estimated based on a fully-diluted capitalization and actual
earnings-per-share may be higher. The company's current aggregate
sales pipeline is approximately $225,000,000 spanning numerous
clients, many of whom are large national corporations with multiple
locations. Stockholders are directed to read various RISK FACTORS
(and are incorporated herein by reference) in regard to the
business by reading the version of this press release as posted on
the company's web site. This web- site version of this press
release contains important disclosures that you should read before
any investment decision. The company has acquisitions under
consideration that, if completed, will further increase 12-month
revenues by $5,000,000, or more. Should the company succeed in
completing these new acquisitions, the actual EPS for 2008 on a
fully-diluted basis may be higher. Additional EPS guidance will be
released subsequent to all acquisitions as their financial
performance data are consolidated with the company's. Any prior
accounting-based ("paper") losses are in main part attributable to
prior negative retained earnings created by prior managements'
actions. The company's subsidiaries and operational units are now
profitable and the company anticipates them to continue to maintain
consistent positive cash- flows. The company does not require any
funding to maintain its operations indefinitely and continues with
its rapid organic internal growth. Jack Tarry, CEO said, "We have
accomplished our stated goals and continue to move forward. Our
recent announcement of major new clients demonstrates our momentum.
Stockholders can expect more major developments. We continue to
grow and have set bold, but achievable goals. We release this
guidance to inform current and potential stockholders on a regular
basis." 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 on 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/
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