Encore Energy Systems to Release 2008 Financial Report With $11,000,000 in Sales on April 3, 2009
March 24 2009 - 12:50PM
Marketwired
Encore Energy Systems (PINKSHEETS: ENCS) announced today it
scheduled a release date of 3 April 2009 for its 2008 financial
results for the period ending December 31, 2008.
The Company's consolidated revenues for 2008 were approximately
$11,000,000. Revenues are below projections due to the dramatic
downturn in both fuel prices and the construction industry.
As part of its growth by acquisition plan, the Company intends
to aggressively acquire biodiesel production assets. The company
believes the consolidation strategy will position the company as a
premier producer and distributor of biodiesel nationwide.
The Company will update stockholders on the following:
-- Acquisition of biodiesel facilities and joint ventures with biodiesel
production plants including distribution agreements for biodiesel and
feedstocks.
-- 2009 asset and revenue projections and growth through the company's
planned acquisitions.
-- Details on the Company's Combined Heat and Power generation programs
(CHP).
-- Partnerships and Executive Management agreements for the Company's
business development and marketing programs.
-- New websites, corporate image, and published business plans.
About Encore Energy and BioConversions
ENCS is an international aggregator bio-diesel reactor
technology, fuel distribution, production systems and fuel
production facilities.
The Company also owns the patents for the use of grey-water, and
domestic water in heat exchanger systems. They also provide all
forms of conventional geothermal heat exchange systems. See our
video at http://www.encoreenergyinc.com. The Company licenses its
patented technology to other energy-related businesses.
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. The company's website
version of this press release contains various RISK FACTORS (and
are incorporated herein by reference) and should be read before any
investment decision.
Investor Relations: Contact: Encore Energy Systems, Inc. Email
Contact 1.662.253.5766
Encore Energy Systems (CE) (USOTC:ENCS)
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