OXFORD, Miss., May 16, 2006 (PRIMEZONE) -- Energy Vision International (Pink Sheets:EGVI), a rapidly growing diversified energy company announced its subsidiary American Geothermal has added a further contract to its rapidly increasing sales of geothermal systems. The company has secured yet another new installation contract for its patented geothermal heating/cooling system in the Austin, TX area.
The geothermal system will be for a 3,500sft, three-story home overlooking Lake Travis near the prestigious "Island on Lake Travis" luxury development project. Three 'DeMarco Energy Miser' geothermal systems will be installed using the latest technology such as zone dampers, electronic air cleaners and touch screen thermostats. The completed system will be entirely maintenance free. The value of the contract is expected to generate in excess of $25,000.00 for the company.
The company's geothermal installation sales for the prior 10 days alone are approximately $100,000.00. The level of interest in the company's patented geothermal technology is increasing at an unprecedented pace. The company anticipates adding to its business development team to manage and promote this remarkable growth.
Chairman of Energy Vision International, Anthony Welch added: "Frankly, I am as pleased as I am surprised by this new system order. The pace by which we secure new installation business is rapid indeed and surpasses our projections. We find our geothermal technology gaining more and more market interest and we could not be more excited about the future."
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.