OXFORD, Miss., March 23, 2006 (PRIMEZONE) -- Energy Vision International (Pink Sheets:EGVI), a rapidly growing diversified energy company, announced today its subsidiary American Geothermal received a new order to supply and install additional DeMarco geothermal systems at "The Island on Lake Travis" project. This order is in addition to previously announced orders from this same customer. The company anticipates additional orders and will announce them as they occur.
The condominiums are undergoing a complete refurbishment and our subsidiary, American Geothermal, was awarded the contract to initially replace 80 existing units. The Lake Travis development is comprised of 212 luxury apartments and undergoing a phased in refurbishment program. Several apartments have been sold and are now occupied. The new owners of these condominiums will enjoy the benefit of lower heating and cooling bills by up to 70% versus traditional HVAC systems.
The successful and trouble free installation of the DeMarco Energy Miser system has impressed the lead project developers to such a degree that American Geothermal is receiving additional requests to install more units.
Anthony Welch, Chairman of Energy Vision International, added, "Everyone dislikes the bray of bragging tongues. However, today we receive further validation of the merit and value of our geothermal systems. We have provided these solutions for over 20 years and we have yet to receive negative comment on its performance. The system performs, and performs well. We look forward to taking our solutions worldwide. The timing could not be better. Our time has come."
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 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.