Encompass Holdings Announces XBoard Dealership Initiative

RENO, Nev., Feb. 3, 2010 (GLOBE NEWSWIRE) -- Encompass Holdings, Inc. (Pink Sheets:ECMH), www.encompassholdings.com, announced today that its wholly-owned subsidiary, Aqua Xtremes, Inc., (Aqua) www.aquaxtremes.com has begun receiving preliminary commitments from Personal Watercraft Dealers for its XBoard; a unique motorized surfboard.

We are contacting watercraft dealers worldwide to determine interest and potential sales volumes. These projections are needed to complete revenue modeling and will enable us to establish production time-lines and confirm actual costs and potential net earnings.

Aqua currently has commitments for 1,100 XBoards from various dealers. Based on the reaction we’ve gotten so far, we expect most of the new contacts to carry an inventory of XBoards in their stores.

In addition to the watercraft dealers, we’ve been contacted about Aqua producing a Private Label XBoard. If Aqua agrees, this company will commit to purchase a minimum of 2,500 XBoards to be delivered as fast as they can be produced.

Quoting Rotary Engine Technologies, Inc. CTO, Larry Cooper, “We expect the XBoard to bring significant attention to our new, clean emissions, rotary engine. We also expect to sell additional engines for numerous other products and applications outside of the marine industry. We are especially enthusiastic about the alternative fuel capabilities unique to rotary engines. As most people in the industry know, this is a vast potential market.”

In order to begin manufacturing the XBoards, our 407cc rotary engine must have EPA certification. All modifications have been completed and the patent on our proprietary air/fuel management system has been filed and is in Patent Pending Status.

Scott Webber, Encompass CEO, stated, “After an overall management restructuring, our team is excited about moving forward with the rotary engines and XBoards. We continue to receive inquiries from locations worldwide concerning the availability of both products. We are currently in negotiations with several investors interested in funding the initial production runs and our new team is focused on making both Rotary Engine Technologies and Aqua Xtremes profitable revenue producing entities.”

For additional information please visit our website. We expect to have a broad company overview and updated details on all of our subsidiaries on-line shortly, answering the many questions we receive daily.

The Encompass Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6962

Forward-looking statements in this news release are made under the "Safe Harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the forward-looking statements, including the impact of changed economic or business conditions, competition, the success of existing and new product releases and other risk factors inherent in product development and other factors discussed from time to time in reports filed by the company with the Securities and Exchange Commission.


Contact Data