ORLANDO, Fla., March 1, 2005 (PRIMEZONE) -- Omni Alliance Group Inc. (Pink Sheets:OMNA) is pleased to announce that they have signed a letter of intent to form an alliance with Active Grid Technologies (AGT), Inc. in which they will be receiving rights to a patent pending technology. The technology will increase the electric drive train's efficiency by 'adapting the batteries performance' to its environment rather than accepting the batteries performance 'as is.' In addition, application of its technologies significantly reduces the batteries' degradation over life. This method of control will ultimately solve several of the issues currently plaguing the energy storage industry.
The final agreement will include funding for research & development, plus management and marketing support from Omni Alliance Group. Both Omni Alliance and AGT expect to have a deal finalized within the next twenty days. Mr. Shawn P. Kelly, CEO of AGT developed the technology. Mr. Kelly has a strong engineering and nuclear science background. He is also the Engineering Manager for a large electronic controls manufacturer. As a retired Nuclear Submarine Officer, Mr. Kelly was awarded several accommodations for his service.
"The relationship with Active Grid Technology is one of the pieces to the puzzle, which will allow Omni Alliance Group to develop a platform that will revolutionize the Personal Electric Vehicle market," stated Scott Spor, CEO of Omni Alliance Group.
"With the support of Omni Alliance Group, Active Grid Technologies can speed up our time table for developing and expanding our patented technology and product line. Our technology has applications in industries outside Personal Electric Vehicles, such as; telecommunications, emergency backup systems, industrial, home battery packs and the portable electronic device (PED) market. Battery management systems monitor the battery's electrical operating characteristics in order to 'change' a condition of the peripheral systems - thus enhancing the 'batteries' performance. AGT's technologies monitor the battery's electrical operating characteristics and 'change them' to adapt it to peripheral system's environment - thus enhancing the 'systems' performance," stated Shawn P. Kelly, CEO of Active Grid Technologies.
About Active Grid Technologies, Inc.
Active Grid Technologies is a private corporation that researches and develops various technologies and products focused around efficient energy management. The company also holds a license to develop, market, and sell a patented technology that increases the efficiency and life of batteries.
About Omni Alliance Group Inc.
Omni Alliance Group, Inc. is a holding company currently engaged in the leisure lifestyle industries. The Company currently identifies opportunities in the Personal Electric Vehicle (PEV) industry, including manufacturing, distribution and sales; and the Luxury Motor Coach Industry (sales, rental & leasing programs). http://www.omnialliancegroup.com
Safe Harbor:
This press release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the intent, belief or current expectations of Omni Alliance Group, Inc. ("the Company") and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to: the ability of the Company to raise necessary capital; to attract and retain effective management; the lack of viable commercial applications or the failure of third-party contractors to perform their contractual obligations. Prospective investors are also referred to the other risks identified from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.