RENO, Nev., Feb. 28, 2005 (PRIMEZONE) -- John Bowles, Eagle Environmental Technologies Ltd.'s (Pink Sheets:EGVR) Public Relations Consultant, announced effective March 1, 2005, Eagle will begin realizing revenue on the new gas well assets on the Oilton Lease, TX. The property is located along the Rio Grande in South Texas. This was one of the newest acquisitions of Eagle with 16 gas wells producing at this time, and 15 others pending. More wells will be put into operation as soon as possible, beginning in March 2005. These new properties are being put into production in addition to our producing oil fields on the Siler Lease in East Texas. Brian Wilmot, CEO of Eagle stated, "This beginning gas and oil production gives Eagle the cash flow necessary to put the company in an "operating mode" for further development." These new gas fields have the potential for additional development and production. Eagle currently has operators in the field to service these wells and begin maintenance on the other wells to get them into production. As stated previously, Eagle expects its production costs to remain approximately at 20% of revenue or less per month.
For shareholder or other information, call John Bowles at: 866-896-5800
NOTE: Statements contained in this release that are not strictly historical are "forward-looking' within the meaning of the safe harbor clause of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that such forward-looking statements invoke risk and uncertainties that may cause the company's actual results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to, the company's ability to continue to develop its market, demand for the company's products and services, general economic conditions, and other factors that may be more fully described in the company's literature and any periodic filings with the Securities and Exchange Commission.