TULSA, Okla., Aug. 3, 2006 (PRIMEZONE) -- Efficiency Technologies, Inc. (EffTec), a wholly-owned subsidiary of American Resource Management, Inc. (Pink Sheets:ARMM) ("ARMM"), announced today that it has begun development of a metric standard version of its web-based chiller monitoring and diagnostic software. The new metric-based web-based service is expected to be released for purchase November 2006.
"We fully expect to offer a metric-based chiller monitoring system by November 2006 in order to expand our services into Europe, Southeast Asia and Australia," stated Don Clark, President of Efficiency Technologies, Inc. "Electricity costs are significantly higher in these regions of the world, making EffTrack(tm) Services chiller energy savings even greater than in the United States. Rising energy costs and increasing global temperatures have put a premium on promoting chiller efficiency," he continued.
About Efficiency Technologies, Inc.
Chillers are the single largest energy consumer in most facilities and typically account for up to 35% of the electrical power use. The U.S. Department of Energy estimates that chillers waste up to 30% additional energy through inefficiency.
EffTrack collects, stores and analyzes chiller operating data to determine performance, diagnose causes of inefficiency, and recommend corrective action. The EffTrack monitoring service notifies plant contacts if problems occur. Plant operators and facility managers can review the hourly updated information by logging in to EffTrack from any computer with Internet access. By following the EffTrack recommendations for improvement, plant operators can significantly lower the chiller kW/Ton and plant kWh consumption. These savings are identified and measured in the EffTrack reports.
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Forward-looking statements in this release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks, and uncertainties and actual results could differ from those discussed. This material is information only and is not an offer or solicitation to buy or sell the securities.