RENO, Nev., Feb. 6, 2008 (PRIME NEWSWIRE) -- EPOD International Inc. (the "Company," "EPOD") (Pink Sheets:EPOI) (Frankfurt:EDU), a Grid-Integrated, eco-power utility and electric power systems provider, announced that it has received approval from Sudbury Hydro for the installation of a 10 Megawatt solar power facility to be located in the Sudbury, Ontario area. Sudbury Hydro will submit an application to Hydro One on the Company's behalf in order to obtain definitive approval for the site. EPOD estimates that the facility would generate aggregate revenue of approximately $150 million over a 20 year term. EPOD plans to continue to secure additional installation sites as part of its overall recurring revenue model. To date, the Company has obtained conditional approval for sites that could generate in aggregate of over $700 million of revenue over a 20-year term.
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, 2006 filed on or about May 4, 2007, as amended by a 10-KSB/A filed on November 15, 2007, 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.