RENO, Nev., Oct. 2, 2007 (PRIME NEWSWIRE) -- EPOD International Inc. (the "Company," "EPOD") (Pink Sheets:EPOI) (Frankfurt:EDU), a Grid-Integrated, eco-power utility and electric power systems provider, has secured the purchase of a property in Bornkessel, Germany which it has determined is amenable to installation of a 650 kilowatt solar farm. EPOD intends to immediately develop and install the solar power facility on the property, with completion of installation scheduled for the end of January, 2008. Under German law, all power production will be sold to the German government under a 20 year fixed power purchase tariff that is currently paying at a rate of approximately $0.65 per kilowatt hour of solar electricity produced. Assuming full production over that 20 year term at the existing tariff rate, EPOD estimates that the facility would generate aggregate revenue of approximately $10 million. EPOD plans to continue to secure additional installation sites as part of its overall recurring revenue model.
L. Mark Roseborough President EPOD International Inc.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Statements about EPOD's future expectations, including future revenue, earnings, and transactions, as well as all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. EPOD intends that such forward-looking statements be subject to the safe harbors created thereby. These statements involve risks and uncertainties that are detailed from time to time in the Company's filings with the Securities and Exchange Commission, including, but not limited to, the Company's 10-KSB for year ended December 31, 2005 filed on or about April 17, 2006, and incorporated herein by reference.
About EPOD: EPOD is a Grid-Integrated, eco-power utility and electric power systems provider. The Company's operations include the engineering and construction of turn-key factories for solar panel production and material handling systems. Additionally, the Company has subsidiaries involved in the manufacturing of inverters, rectifiers, energy management systems, and solar panels.
The Company's filings, including current financial reports, can be accessed through the EDGAR database at www.sec.gov.