BELLINGHAM, Wash., Feb. 24, 2006 (PRIMEZONE) -- Essential Innovations Technology Corp. (OTCBB:ESIV) (Frankfurt: E6S), provider of cutting-edge geoexchange solutions for residential, commercial and industrial applications as both a geoexchange energy service company and as a manufacturer of proprietary geothermal heat pump technology, announced today that one of their representatives recently returned from an alternative energy exhibition in Torino, Italy, the site of the 2006 Winter Olympics.
Essential Innovations was invited to participate, through presentations and business-to-business meetings, in an environmental and energy showcase demonstrating a select group of British Columbia's premiere technology companies as a precursor to the 2006 Torino Winter Olympics. The energy technology mission was organized by Leading Edge B.C., a not for profit technology marketing organization, in association with the Italian Chamber of Commerce, the Canadian Federal, and the B.C. Provincial Government's. The government support, in conjunction with the large international exposure for the 2006 Torino Winter Olympics and the future 2010 Vancouver/Whistler games, provided maximum advertisement for Essential Innovations in the Italian, European and overall World market for alternative energy.
"The Russian gas boycott of the past weeks combined with the Kyoto Protocol and an overall eco-friendly mentality within the European community, made Essential Innovations 'Geoexchange Solutions' very appealing to many of the public and private sector organizations in attendance. During the event, Essential Innovations met with many of Europe's leading companies and decision makers focused on energy efficiency and renewable energy design, implementation and management solutions. Clearly, there is an inherent interest and capability to directly utilize geoexchange technology within their project portfolios.
From complete turnkey project applications to OEM manufacturing partnerships and potential product distribution agreements, we believe the mission to Torino will prove to be extremely successful in the near future.
As Essential Innovations continues to ramp up our European exposure we believe the contacts we established on this mission to Torino 2006 will provide an incredible spring board into all parts of the EU. At the same time this event gave us a greater understanding of the prevalent environmental needs that will be sought after by the 2010 Winter Olympics to be held in Vancouver. B.C., home to our Canadian manufacturer," said Jason McDiarmid, President/CEO of ESIV.
Essential Innovations Technology currently has operations in the USA, Canada and Hong Kong; exclusive distributors in Canada and Mexico; exclusive sales agents or sales agents in Mexico, Hungary, China and Alaska; and the Company is now actively seeking further distributors, dealers and project opportunities throughout the North American and international marketplace for its proprietary geoexchange systems and solutions.
Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Investors are cautioned that such forward-looking statements involve risks and uncertainties. These statements include, but are not limited to, statements that do not describe historical facts and statements that include the word "believes," "anticipates," "expects," "plans," "intends," "designs," "projects" or similar language, as well as statements regarding consumer or marketplace acceptance of the Company's new or existing products; comments concerning marketing and consumer acceptance of proprietary products; the potential benefits of Essential Innovations' products; initiatives undertaken by the Essential Innovations' divisions; the Company's research, manufacturing and facilities expansion programs; and the Company's growth, revenue, or projected earnings; all such statements which may or may not occur in the future. These forward-looking statements are made as of the date of this news release, and Essential Innovations Technology Corp. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our periodic reports filed from time to time with the Securities and Exchange Commission.