OXFORD, Miss., Feb. 21, 2006 (PRIMEZONE) -- Energy Vision International (formerly DeMarco Energy Systems of America, Inc.) (Pink Sheets:DMES) announced today its subsidiary, American Geothermal, received an order to supply and install additional DeMarco geothermal systems at "The Island on Lake Travis" project.
"The Island on the Lake Travis" comprises 212 luxury apartments in a prestigious location overlooking Lake Travis in Austin, Texas. The complex was originally constructed in 1987 and fitted with geothermal systems using Lake Travis as the heat source and heat-sink. The condominiums are undergoing a complete refurbishment, and American Geothermal has been awarded the contract to initially replace 80 existing units.
The new owners of these condominiums will enjoy the benefit of lower heating and cooling bills by up to 70% versus traditional HVAC systems.
Victor DeMarco, CEO of American Geothermal commented, "It speaks volumes about geothermal heating and cooling systems that after 18 years of operation, The Island chose to continue on into the future with the technology."
Anthony Welch, Chairman of Energy Vision International, added, "This is excellent news. We expect a significant amount of positive marketing feedback from this prestigious site. We are confident the new owners of these apartments will serve as an important source of referral business after they experience the many benefits associated with using DeMarco Energy Miser Geothermal technology."
The company is on a rapid growth path, and shareholders can expect a series of regular updates of our continuing accomplishments. The EVI goal is simple: to be an international leader in energy solutions. EVI's current subsidiaries and growing operations, combined with its patented, market proven technologies, have created strong impetus toward these objectives already.
Stockholders can expect regular updates on EVI's rapid progress and projected revenues and earnings for 2006.
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 two 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.
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.
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