OXFORD, Miss., April 15, 2005 (PRIMEZONE) -- DeMarco Energy Systems of America (Pink Sheets:DMES) announced that it has appointed a new Board of Advisors. The Advisory Board shall focus efforts to promote the company's technology, initiate key alliances and trade partner agreements, and provide strategic advice on energy-conservation industry initiatives. The Board will initially consist of three members, eventually expanding into a 5-member panel. This Board is a direct result of the Company's recent Industry Summit meetings in New York. At these meetings, the Company formed new alliances and created new avenues for the sales and distribution of its technology.
The Board of Advisors consists of the following individuals:
John Reis, PE, LEED: Mr. Reis has a BS in Mechanical Engineering from the State University of New York at Buffalo, is a Licensed Professional Engineer in New York and New Jersey, as well as LEED Accredited with the United States Green Building Council (USGBC). Mr. Reis has about 20 years experience in building design and construction industry, as a consulting engineer for HVAC, plumbing, fire protection, and other building systems. Currently, Mr. Reis heads the HVAC Department of a full-service architecture / engineering consulting firm.
David Husravi, Architect, STV: Mr. Husravi has proven experience in the area of architectural design for new construction and renovation projects encompassing rail, educational, residential, military, and commercial facilities country wide. He is skilled in the coordination of various technical disciplines for all stages of design development. STV Group, Inc. is a leading professional firm offering engineering, architectural, planning, environmental and construction management services through its companies STV Incorporated, STV Construction Services, STV Construction, Inc., STV Architects, and STV Environmental. From locations throughout the United States, its professional, technical and support personnel offer services to a broad and ever-expanding client base. STV's major markets include transportation, environmental, infrastructure and planning, construction services, buildings and facilities, and industrial and technical services sectors. (http://www.stvinc.com/ )
David Nakhon, Analyst: Mr. Nakhon has a BA in Economics from NYU. His background includes working as a Foreign Exchange Market Analyst, specializing in the Spot Inter-Bank Currency Markets, as well as national distribution of retail and wholesale products.
Anthony Welch, Chairman of DeMarco Energy and Modern Technology Corp (OTCBB:MOTG) added: "The formation of the Board of Advisors represents one among the many initiatives to expand the company's asset and revenue base 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 and http://www.moderntechnologycorp.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.
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