OXFORD, Miss., Feb. 7, 2006 (PRIMEZONE) -- DeMarco Energy Systems of America, Inc. (Pink Sheets:DMES) announced it has completed its previously announced name change. The new name of the company is "Energy Vision International." DeMarco Energy Systems of America will now operate as one of Energy Vision's subsidiaries and continue to sell and promote its patented geothermal heating-cooling technologies.
Energy Vision International (EVI) will release shareholder guidance on its rapid acquisition and revenue plans for 2006. EVI is 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 and its shareholders.
In the coming months, shareholders should expect significant advancements and announcements. In addition to the company's many planned acquisitions, EVI re-list its stock on the OTCBB and become fully-reporting as soon as is practicable. The company will soon announce the engagement of an SEC qualified auditor.
EVI has signed a Letter of Intent to purchase American Geothermal. American Geothermal will become an important operating subsidiary adding an estimated $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 EVI's patented DeMarco Geothermal Heat Pumps.
EVI has developed new distribution and joint-venture agreement with international partners and property development companies. Shareholders can expect a detailed update on these new international offices and operations in the coming weeks.
Anthony Welch, Chairman, said, "As promised, the company is executing its stated goals and objectives. EVI is on a rapid growth path and shareholders can expect a series of regular updates of our continuing accomplishments. Our goal is simple: to become an international leader is energy solutions. Our current operations and patented, market proven technologies, have created strong impetus toward our objectives already. Stockholders can expect regular updates on our rapid progress and our projected revenues and earnings for 2006."
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's subsidiary, DeMarco Energy (http://www.demarcoenergy.com), 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.
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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