TAMPA, Fla., Feb. 2, 2006 (PRIMEZONE) -- Internal Hydro International Inc. (OTCBB:IHDR) (www.InternalHydro.com) announces that it has signed an agreement with Joseph Patrick Kelly, president of e3 Venture Partners, as strategic advisor to the Company and President. It is a milestone event for Internal Hydro to have Mr. Kelly assist the company develop and execute its strategic plan to bring Internal Hydro's proprietary technology into the global marketplace. Mr. Kelly has a track record of helping small companies take leadership positions in the energy industry.
Mr. Kelly reports that the strategic blueprint that Internal Hydro has put in action holds the promise to make Internal Hydro a market leader using the same proven processes that have positioned Cogen Technologies, Startech and MEMS USA. "I am very encouraged by how rapidly Internal Hydro is creating strategic alliances in Europe and the USA, which will accelerate the engineering optimization and demonstration programs. The market opportunities for Internal Hydro require us to complete detailed testing before we commission field demonstrations. The tremendous demand for low head power generation gives Internal Hydro access to a billion dollar market sector. We are taking the steps to see that Internal Hydro manages this opportunity wisely. I envision Internal Hydro will become a market leader in the low head hydro applications. Given the focus presented by President Bush in last night's State of the Union Address to expand alternative and renewable energy programs, Internal Hydro is a company that is at the right place at the right time," stated Mr. Kelly.
In the 1980s, Mr. Kelly was Chairman of Regulatory Affairs for the Gulf Coast Cogeneration Association, the nation's largest independent power producer trade group, where he was an advisor to Robert McNair. Mr. McNair was the founder of Cogen Technologies, which grew to become one of the largest privately held cogeneration companies in the U.S., supplying over 12 percent of the electric power to New York City. Mr. Kelly holds a BS degree in thermo-mechanical and energy conversion engineering with honors from the University of Illinois in Chicago, and an MBA from Fordham University in New York. He has played critical roles in billion-dollar-level projects with Westinghouse, General Electric, Foster Wheeler, Exxon and PEMEX. In addition, Mr. Kelly was the director for the U.S. Department of Education's Discoverer Program. He also directed commercial activities for a $500 million clean coal project as Vice President of Commercial Operations for the U.S. Department of Energy.
About Internal Hydro
Internal Hydro International, Inc. is an alternative energy company that developed a clean energy power system, the Energy Commander Systems, which utilizes a patented technology using waste water, fluid or gas flow from any source where flow pressure is present, and yet wasted, to create electricity. Internal Hydro has grown into a multi-national enterprise with international contracts spanning over three continents. Internal Hydro is well positioned to gain major market share and dominate the niche of hydro energy in the fragmented alternative energy marketplace. For more information, please visit the company's Web site at www.InternalHydro.com
Forward-Looking Statements: This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.