OXFORD, Miss., April 12, 2006 (PRIMEZONE) -- Energy Vision International (Pink Sheets:EGVI), a rapidly growing diversified energy company, is awarded additional new business on the Lake Travis development.
American Geothermal signed the contract this week to proceed with the mechanical design and engineering work on the common areas of 'The Island on Lake Travis' luxury condominium development. The area comprises 20,000 square feet and will provide heating and cooling for the indoor pool, health club, locker rooms and spa. The contract also includes the second floor lounge area, full bar, restaurant and meeting rooms as well as a third floor private penthouse.
American Geothermal was originally awarded the contract to install the DeMarco Energy Miser heating and cooling system in 80 of the 212 condominiums. The principal developers have been highly impressed with the reliability of the Energy Miser system and as a result awarded American Geothermal significantly more business than originally quoted. These condominiums enjoy the benefit of lowering heating and cooling bills by up to 70% versus traditional HVAC systems.
Victor DeMarco CEO of American Geothermal commented, "We reasonably expect `The Island' development will continue benefiting the company long after we complete the installations."
Chairman of EVI, Anthony Welch added, "The investment community can easily appreciate our rapid growth path. The Lake Travis project is a powerful installation example and we expect many more similar projects in the months to come. We encourage investors to examine our stated objectives and our results delivered."
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.