TUCSON, Ariz., July 14, 2004 (PRIMEZONE) -- Environmental Technologies International, Inc. (Pink Sheets:EMTI) is pleased to announce that it has embarked on a program to advance its 'AWE' (Air, Water, Energy) building environment technology to the required threshold for mass marketing of the system to the owners and managers of commercial buildings across North America.
The Company's program includes developing the patented technology as quickly as possible for a universal application for retrofitting commercial buildings. Through a retrofit on existing commercial buildings, the system is capable of significantly reducing electrical as well as heating and cooling costs, while also improving air quality and humidity control, and achieving the virtual elimination of mold and mildew in the building. It is this elimination of mold, brought about by extraordinarily effective control of humidity throughout a building, that offers very attractive potential in the Southern U.S., and in warm, humid climates around the globe . . . where many varieties of building mold, including health-threatening toxic molds, often thrive.
THE THREAT OF TOXIC MOLD
An offshoot of the global rise in concerns for Indoor Air Quality, 'IAQ' and its relationship to health and productivity, mold has gained prominence in recent years as more and more people have launched lawsuits against builders, building owners and managers, and even insurance companies, because of building-mold related illness. A wide variety of molds, several of which are toxic, have been cited for innumerable health problems and life-altering symptoms. Symptoms and effects are said to include respiratory effects, hypersensitivity, runny nose and eyes, headaches, sinus congestion, cough, chronic fatigue and neurological damage, including toxic encephalopathy and memory loss. The State of Texas alone saw $843 million worth of mold claims in 2001, up more than five-fold from the previous year! Mold flourishes in warm, damp environments. The control of the relative humidity in a building is essential to inhibit the microbiological contamination (mold, spores, etc.) of a building's materials, such as drywall & plaster, and its HVAC (Heating, Ventilation, Air Conditioning) system. In Florida tests of actual installation of the Company's building environment system, the capability of maintaining relative humidity at levels which prevent the growth of mold, has been well established.
A POTENTIAL MULTIBILLION-DOLLAR MARKET
The intended use of AWE's proprietary technology in building heating/cooling, energy, and water systems is global in scope, and is estimated to exceed many billions of dollars. In addition, the system also produces pure water for use by building tenants. It is a leading-edge technological advance which, when developed for building-environment control systems, is expected to find broad acceptance owing to the fact that the savings in building maintenance/operations garnered by the system will in fact pay for itself many times over.
In compliance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, EMTI notes that statements contained in this announcement that are not historical facts may be forward-looking statements that are subject to a variety of risks and uncertainties. Accordingly, EMTI wishes to caution readers of this announcement that its future actual results may differ materially from those that any forward-looking statements may imply. There is no assurance the above-described events will be completed. There can be no assurance of the ability of the company to achieve sales goals, obtain contracts or financing, consummate acquisitions or achieve profitability in the future.