OXFORD, Miss., June 14, 2006 (PRIMEZONE) -- Energy Vision International (Pink Sheets:EGVI), a rapidly growing diversified energy company, announced today it will launch Energy Vision International, Texas. This new subsidiary will model itself after EVI UK and EVI FL. This new subsidiary is part of the company's expansion plans for new product distribution and sales.
As part of the company's branding and growth strategy this new subsidiary represents a significant step in gaining global recognition as the premier energy conservation organization. The company's vision is to add further EVI regional companies to its portfolio.
Plans are well underway to create a flagship geothermal headquarters in North Florida as announced in last week's update. EVI Florida will provide support, training, marketing literature and other services to all present and future EVI regional operations.
Victor DeMarco will act as CEO for EVI Texas operation and will eventually play a wider supporting role in the enlarged organizational structure. He will continue to serve as CEO for American Geothermal and the two companies will operate synergistically.
Chairman of Energy Vision International, Anthony Welch remarked, "We have a very clear plan for 2006 and 2007 to expand our operational footprint. This new subsidiary in Texas represents a step forward in our plan execution. We rely also on our advisory board to work closely with recently appointed consultants to plan a sustainable growth strategy for the organization."
About the Company
Energy Vision International grows through energy-related acquisitions, marketing its patented geothermal water-air heating/cooling systems, and sales of energy conservation solutions. The company has three subsidiaries at present with plans for more.
The company's subsidiary, DeMarco Energy Systems of America, Inc. (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. For more information, visit http://www.energyvisionintl.com
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.