TULSA, Okla., June 15, 2007 (PRIME NEWSWIRE) -- American Resource Management, Inc. (Pink Sheets:ARRM), the leading provider of chiller efficiency software services, announces today that they have signed an exclusive Engagement Agreement with GemStone Securities, LLC (member NASD/SIPC) headquartered in Clearwater, FL to raise $7.5 million for expansion, promotion and sale of EffTrack(tm) chiller monitoring and diagnostic software in the U.S., Australia and the Asian-Pacific Rim.
Recently, Efficiency Technologies, Inc. (EffTec), a wholly-owned subsidiary of American Resource Management, Inc. signed an exclusive Master License Agreement with EffTec-Australia. The Australian chiller market is dominated by contract chiller service companies who regularly maintain chillers. The EffTrack software system will allow service companies to web monitor contracted chillers from one location and rapidly respond to chiller inefficiencies when the EffTrack system alerts them to operational problems.
The EffTec-Australia chiller market is driven by the demand for energy conservation, the reduction in green house gas emissions, and the scarcity of water resources.
The Asian Pacific Rim is one of the fastest growing population regions on the globe. Subtropical climate requires continuous chiller operations and when coupled with high energy costs (electricity costs are greater than .20 per KWH), make chillers the major consumer of electricity in the dense population centers and resort areas of the Asian Pacific Rim region.
Don Clark, President of Efficiency Technologies, Inc. said, "Our relationship with GemStone Securities, LLC provides management with the opportunity and working capital to acquire stable core earnings to increase current and future shareholder value. We looked long and hard for a middle market investment banking firm that could provide access to the capital markets with a high level of ethical standard, timeliness and the experience and knowledge to get the job done and are delighted to engage GemStone Securities, LLC."
About Efficiency Technologies, Inc.
EffTrack collects, stores, and analyzes chiller operating data to determine performance, diagnose causes of inefficiency, and recommend corrective action. The EffTrack monitoring service notifies plant contacts if problems occur. Plant operators and facility managers can review the hourly updated information by logging in to EffTrack from any computer with internet access. By following the EffTrack recommendations for improvement, plant operators can significantly lower the chiller kW/Ton and plant kWh consumption with energy savings ranging from 10 to 30 percent on their chiller operations. These savings are identified and measured in the EffTrack reports.
About Gemstone Securities, LLC
Gemstone Securities, LLC is a middle market investment banking firm committed to providing access to capital markets for public and private companies. Gemstone Securities is registered with the Securities and Exchange Commission and a member of the National Association of Securities Dealers (NASD) and SIPC. We specialize in private placements and financing for public companies, as well as corporate finance structures and business consulting for merger and acquisition transactions. Our corporate office is located in Clearwater, Florida and branch office in Baltimore, Maryland.
Forward-looking statements in this release are made pursuant to the Safety Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks, and uncertainties and actual results could differ from those discussed. This material is information only and is not an offer or solicitation to buy or sell the securities. If you would like to receive e-mail announcements about ARRM, please click here to sign up: http://www.Directstocknews.com/ARRM.