Encore Energy Systems Issues Stockholder Update
September 25 2007 - 11:53AM
PR Newswire (US)
BRIGHTON, Mich., Sept. 25 /PRNewswire-FirstCall/ -- Encore Energy
Systems, Inc. (Other OTC: ENCS), a rapidly growing diversified
energy company issued a stockholder update. The company has and
will continue to release frequent updates on its progress: Jack
Tarry, CEO said: "We remain on a rapid and strong path of growth
and expansion. We will continue updating stockholder on our
progress. We have many exciting developments to report in the
coming days and weeks. This update further demonstrates our ability
to set goals and deliver accordingly." Current Operations The
company has four business units: American Geothermal, DeMarco
Energy Systems, and Encore Energy UK, and Encore Bulgaria. The
company intends create or acquire one or more complementary
businesses to expand both our operational and executive depth.
Accomplishments and Updates -- The Lake Travis project is completed
with nearly 140 DeMarco Energy Miser Units delivered. -- Combined
USA sales projections of $225,000,000 spanning numerous small and
large clients including national corporations with multiple
locations. We recently announced the initial results of that sales
pipeline with our new client: Prairie Hills Motorsport Club
facility featuring the longest track in the Western Hemisphere
located in Lake Village, Indiana.( http://www.prairiehillsmc.com/ )
-- The company anticipates a $0.05 EPS by calendar year-end 2008
based on a successful execution of 50% of the current aggregate
sales pipeline. -- We recently announced our planned international
expansions. The Distribution Agreements will provide exclusive
territory rights to import our solutions and our patented DeMarco
Energy Miser System. By connecting directly to municipal water
supply the company's international partners gain a decided cost
advantage over any other rival geothermal operators who would
otherwise have to drill multiple wells or dig trenches to access
water for a heat sink. -- We have expanded our product depth and
announced a partnership with a prestigious engineering firm. -- Our
UK operations, 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. -- New residential
installations are underway at our Lake Flato project resulting in
six additional DeMarco Energy Miser Units ordered for installation.
( http://www.lakeflato.com/ ) -- The company has acquisitions under
consideration that, if completed, could further increase 12-month
revenues by $5,000,000, or more. -- The company will neither modify
its capital structure nor affect any form of reverse or forward
split. -- Management strives to maintain accurate and timely public
information. The company intends to post financial information to
the OTCiq filing system (http://www.otciq.com/) in order to
maintain important investor disclosures and financial transparency.
Stockholders can view the most recent and accurate company data at
http://www.pinksheets.com/. 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. 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.encoreenergyinc.com/
http://www.amgeosystems.com/
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