Equisol LLC, a wholly-owned subsidiary of Environmental Infrastructure Holdings (OTCBB: EIHC), which is the parent company of various environmental manufacturing, engineering and services companies, announced that it signed the purchase agreement to acquire 100% of the stock of Tower Turbines, Inc. Consideration paid for the sale consisted of 2 million common stock shares with a 1 year restriction period and a $50,000 3 year term note bearing 12% interest annually.

Tower Turbines is focused on providing renewable, green power generation by developing and commercializing patentable processes using currently available technologies to capture energy from water flow in existing and new water towers. The company's target market initially consists of 1750 water towers with an anticipated revenue generation of $250,000 per tower per year.

Kurt Given, Equisol's CEO, states, "We look forward to applying Equisol's service and installation expertise and capabilities to accelerate Tower Turbines' technologies commercialization plans and allow us to enter the renewable energy market."

About Environmental Infrastructure Holdings Corp.

Environmental Infrastructure Holdings (OTCBB: EIHC) is the parent company of diverse environmental manufacturing, engineering and services companies. Currently, EIHC has one subsidiary, Equisol, LLC, as well as investments in various joint ventures and partnerships.

Recognized in 2008 by INC Magazine as the 7th fastest growing private environmental services company in America, Equisol, LLC, is a unique equipment solutions provider specializing in the water and wastewater industry. Its team of top-rated engineers specializes in automation equipment and services across multiple industries where water use and automation are important.

Forward-Looking Statements

This press release contains forward-looking statements, which represent the Company's expectations or beliefs, including, but not limited to, statements concerning plans, acquisitions, new product development, growth and strategies, which include, without limitation, statements preceded or followed by or that include the words may, will, expect, anticipate, intend, could, estimate, or continue or the negative or other variations thereof or comparable terminology. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. These statements by their nature involve substantial risks and uncertainties, some of which are beyond the Company's control, and actual results. Readers should carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2010, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.

Investor Contact: EQUISOL, LLC 866-629-7646 www.equisolgroup.com

Environmental Infrastruc... (CE) (USOTC:EIHC)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Environmental Infrastruc... (CE) Charts.
Environmental Infrastruc... (CE) (USOTC:EIHC)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Environmental Infrastruc... (CE) Charts.