OXFORD, Mass., March 6, 2006 (PRIMEZONE) -- Energy Vision International (Pink Sheets:EGVI), a rapidly growing diversified energy company, announced today its subsidiary American Geothermal contracted with Bill Dunn Construction (http://www.billdunnconstruction.com) to install a complete DeMarco Energy Miser geothermal heating and cooling system in the model home of a 20-home development at the Faith Ranch Project, Wimberley, Texas.
The model home is slightly over 4,300 square feet but is expected to see an average energy bill of under $100.00 per month. The development project will utilize a number of the latest environmentally friendly and energy efficient technologies including rainwater collection, solar photovoltaic panels, tankless hot water heating system, architectural shading, double pane low-e wood windows, Icynene foam insulation, and two DeMarco Energy Miser two stage, 25.3 Energy Efficiency Ratio, units.
"This is the first project that has combined all of the best energy saving technologies currently on the market into one home," states Victor M. DeMarco, President of American Geothermal System, Inc. "We expect that at certain times of the year the electric meter will be turning backwards, by that I mean the power company will be purchasing energy from this home."
Anthony Welch, Chairman of Energy Vision International added "This is very exciting development in our growth strategy. Residential Construction companies are realizing the added value associated with incorporating energy efficient technology in new housing projects. The DeMarco Energy Miser System has a 20-year proven track record of reliability and performance which is an extremely important consideration for home builders, architects and property developers during the selection process of HVAC systems."
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. For more information, visit 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.