RENO, Nev., Aug. 14, 2006 (PRIMEZONE) -- eHolding Technologies, Inc. (Pink Sheets:EHDT) President and CEO Doug Hamby updated shareholders today on the company's operating plans. The full text of his message follows:
August 14, 2006
Dear Fellow Shareholders:
We have renamed and reorganized our company to reflect changing business conditions in marketplaces we had expected would yield far greater returns -- the telecommunication and debit card sectors.
While we still actively are pursuing at least two debit card programs tied to entertainment, our growing focus in recent months has been positioning the company to participate in a much more solid and growing business sector -- an emerging construction technology that utilizes Structural Insulated Panels (SIP). Our goal is not only to supply builders with SIP material, but also to help create affordable housing developments ourselves using SIP building technology as well as green building (renewable energy) techniques.
In addition to residential applications, SIP technology also provides superior construction solutions for commercial and light industrial projects. SIP construction is distinguished from others by the fact that structures can withstand Category 4 hurricane winds of 200 m.p.h., and absorb earthquakes in excess of 7.0 points on the Richter scale.
They also are Energy Star rated, generating an energy savings of 50% or greater. The combination of resistance to wind, seismic activity and lower energy consumption opens up a large market both domestically and internationally, and provides attractive pricing for purchasers as well as higher profitability for builders.
We are pleased to become participants in the application of this advanced technology, and expect to close on our first manufacturing plant in the south before the end of this month.
We have named this new company SecureBilt, and will shortly make it a wholly owned subsidiary of eHolding Technologies. We expect that other components of the building sector, such as mortgage banking, will also become company divisions or subsidiaries.
The opportunities arising from this focus the company has had over the past year are more than ready to be addressed. Combined with the potential of the debit card programs on which we are working, eHolding Technologies may offer unique opportunities for longer term investors.
Sincerely,
Doug Hamby President and CEO eHolding Technologies, Inc.
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance, or expectations expressed or implied by such forward-looking statements.