OXFORD, Miss., March 23, 2005 (PRIMEZONE) -- DeMarco Energy Systems of America (Pink Sheets:DMES) announced today it will attend a high-level industry summit meeting in New York to solidify and initiate key alliances and trade partner agreements. This summit meeting is part of the company's activities to license and distribute its patented geothermal technology on an international basis. The company expects to enter several key agreements with construction and architectural firms regarding the installation of its systems. Earlier this year, the company announced its growth by acquisition strategy which seeks to consolidate synergistic and revenue enhancing companies into DeMarco and to continuously introduce new energy-related technologies and energy-related products into the marketplace.
Anthony Welch, Chairman of DeMarco Energy and Modern Technology Corp., added: "The company's summit meeting in New York represents one among the many projects we are working on to expand the company's technology distribution avenues and add new technologies to our portfolio."
DeMarco Energy is on a rapid growth and expansion track based upon revenue growth through key acquisitions, distribution and international licensing of its patented geothermal technology, and seeking acquisitions congruent with energy conservation and supporting industries. This strategy lays the groundwork for consistent introduction of energy-related technologies and continuing revenue growth for DeMarco and its shareholders.
About DeMarco Energy Systems of America, Inc.
DeMarco, a Modern Technology Corp. (OTCBB:MOTG) portfolio company, refreshed and expanded its business plan in late 2004 and is presently focusing on energy-related acquisitions, marketing its patented geothermal water-air heating/cooling systems, providing energy audits, sales of energy related equipment, and the sales and servicing of commercial air filtration devices. DeMarco currently has installations in Oregon, Pennsylvania, Washington, Montana, South Dakota, Mississippi, California and Texas. The Company's primary focus is to provide energy efficient technologies to commercial and institutional markets through the application of the DeMarco 'Systems' patents and other acquired technologies. For more information, visit the company's web site at: http://www.demarcoenergy.com
Safe-Harbor Statement
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.