OXFORD, Miss., May 11, 2006 (PRIMEZONE) -- Energy Vision International (Pink Sheets:EGVI), a rapidly growing diversified energy company, announced its subsidiary, American Geothermal, has been awarded a new contract to install the company's geothermal DeMarco Energy Miser system.
The contract is for a 2,500-square-foot home built in 1861 in the Austin, TX vicinity. The house is constructed entirely of rock, with two additional wings added on recently. The installation will comprise of three DeMarco Energy Miser heat pumps fitted to each section of the house. Five deep bore holes will be drilled and work is scheduled to commence during the early part of next week. The contract is expected to generate approximately $21,000 for the company.
The owner's decision to choose the DeMarco Energy Miser Geothermal solution over a conventional outdoor heating and cooling unit was both to retain the aesthetic look of the property and also the superb energy efficiency of the system. The DeMarco Energy Miser Geothermal solution eliminates the need to place units outside.
Victor DeMarco, CEO of American Geothermal commented, "This client is in for a pleasant surprise when the job is completed and he receives his first electric bill."
Chairman of Energy Vision International, Anthony Welch added, "As promised to stockholders, we continue to expand our operations and build revenue. Interest in our energy-saving geothermal technology increases with each passing day. This is an exciting time for the energy-conservation sector and the stockholders of EGVI. We will continue to inform our shareholders of the company's progress as it happens. We will prepare an announcement soon summarizing our operations to date including revenue expectations for 2006 and 2007."
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 three 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.