Geothermal Systems From WaterFurnace Offer Builders a Differentiator With Special Appeal to Homeowners

FORT WAYNE, IN--(Marketwire - February 8, 2008) - (www.waterfurnace.com) Geothermal systems equip homebuilders with heating and cooling solutions that uniquely position them to meet increased homeowner demands for systems that conserve energy, reduce operating costs and protect the environment. WaterFurnace (TSX: WFI), the leading manufacturer of geothermal and water source heat pumps, will exhibit at the International Builders' Show (level 2, booth W129) Feb. 13-16, 2008. WaterFurnace offers builders a complete line of comfort systems, indoor air quality (IAQ) products and pool heaters in configurations to suit any home. Successful national and international installations of these products and the move toward "green" living are generating interest among homeowners and developers in 100 percent geothermal housing developments.

-- Geothermal systems capitalize on renewable solar energy stored below the Earth's surface to provide free, geothermal energy that increases the efficiency of home heating, cooling and hot water systems in a proven, cost-effective way.

-- By installing geothermal systems, builders offer homeowners the most energy efficient and environmentally responsible heating and cooling system available.

-- A geothermal heat pump provides a positive cash flow for homeowners and helps utilities achieve significant reductions in their peak demand loads and carbon emissions.

-- Builders can encourage homeowners to invest a portion of the anticipated savings (as much as 70 percent for heating, cooling and hot water) in upgrades to their new home.

-- Geothermal systems enable builders to offer homeowners the quietest home heating and cooling systems available and important IAQ benefits.

-- Geothermal systems require less maintenance than conventional systems, providing builders with another important benefit that will appeal to homeowners.

-- In some cases, homeowners can secure higher prices when it's time to sell their homes because of the advantages a geothermal system offers.

-- WaterFurnace uses the latest "green" technology to provide the highest performance ratings in the industry, qualifying homeowners, builders and building owners for tax credits.

-- Builders can claim a $2000 federal tax credit for homes exceeding the 2004 International Energy Efficiency Code (IEEC) by 50 percent (Energy Star Homes already exceed IEEC by 30 percent; adding geothermal systems easily gets homes to the 50 percent level.).

-- Builders also benefit from easy, quick installations of geothermal systems when ground loops can be planned as part of land development.

QUOTABLE

Bruce Ritchey, CEO, WaterFurnace International Inc.:

"Because geothermal systems rely on a renewable energy source to increase heating and cooling efficiency, they provide builders with a real differentiator that is attractive to homeowners. As a result, builders are generating tremendous interest in their subdivisions by installing geothermal comfort systems. The benefits of geothermal systems to the homeowner, including impressive energy savings, lower operating costs, added comfort and low maintenance requirements, are easy for builders to identify, verify and explain to potential customers. Tax credits and an immediate positive return on investment when the system cost is added to their mortgage make the systems even more attractive to home buyers."

About WaterFurnace International, Inc.

WaterFurnace International, Inc. is the leading manufacturer of residential, commercial, industrial and institutional geothermal and water source heat pumps. Products from WaterFurnace include energy-efficient and environmentally friendly geothermal comfort systems, indoor air quality products and pool heaters. WaterFurnace (TSX: WFI) was founded in 1983, the company is headquartered in Fort Wayne, Ind. For additional information, please visit http://www.waterfurnace.com/.

Contact Information: CONTACT INFORMATION: Katie Stafford Godfrey Public Relations Office: 717.393.3831 ext. 159 Mobile: 717.371.1771 Email: Andy Fracica WaterFurnace International Inc. Office: 260-479-3210 Email: