OXFORD, Miss., Dec. 20, 2005 (PRIMEZONE) -- DeMarco Energy Systems of America, Inc. (Pink Sheets:DMES) released an update on its progress and guidance for the future.
As promised to stockholders, the company is on a rapid turn-around path and has accomplished much to date. Here are highlights of the company's progress:
The company will re-list its stock on the OTCBB and become fully-reporting. The company is preparing its accounts for audit now and will apply for re-listing on the OTCBB as soon as is practicable.
The company has formed a powerful Board of Advisors to initiate key alliances, trade partner agreements, and provide strategic advice on energy-conservation industry initiatives. The Board consists of three members and the company anticipates two additional appointments.
The company recently joined with Modern Technology (OTCBB:MOTG) Corp's Energy Conservation and Alternate Energy Initiative to develop a worldwide distribution network of geothermal and other alternative energy sales channels and pursue energy conservation and alternative energy technologies.
The company's recent trade-mission to London, UK resulted in the completion of arrangements to expand sales, marketing and operations into Europe.
The company has signed a Letter of Intent to purchase American Geothermal. American Geothermal will become an important operating subsidiary adding $300,000.00 of profitable revenues for year-end 2005 with sales for 2006/2007 predicted to be $1,000,000.00 and $4,000,000.00 respectively. The company will immediately begin tendering and installing the DeMarco Energy patented Geothermal Heat Pumps. The Company expects to execute definitive acquisition agreements upon completion of document review.
Anthony Welch, Chairman, said: "As we promised, the company is moving ahead with all speed. We are executing our operational plans, our acquisition plans, and we look forward to rebuilding the company's revenue base. Our recent performance is only the first of many bold leaps ahead of us. We have more goods news to report in the coming days and weeks. We look forward to a powerful new year."
The company's aggressive growth model addresses the exploding worldwide demand for alternate energy and energy-saving technologies. The company's rapid growth plan includes: expand operations, building revenues, acquiring energy-related companies, and introduce new technologies and energy-related products into the marketplace. DeMarco is also focusing efforts to license its patented energy-saving geothermal technologies throughout the world.
Energy Vision International and DeMarco Energy are on a rapid growth and expansion track based upon revenue growth through key acquisitions, energy technology distribution, 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 Energy Vision International a.k.a. DeMarco Energy and its shareholders.
About the Company
Energy Vision International expanded its business plan in 2005 to include energy-related acquisitions, marketing its patented geothermal water-air heating/cooling systems, sales of energy conservation solutions. The company has geothermal installations in Oregon, Pennsylvania, Washington, Montana, South Dakota, Mississippi, California and Texas. EVI'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.
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