OXFORD, Miss., Aug. 16, 2006 (PRIMEZONE) -- Energy Vision International (Pink Sheets:EGVI), a rapidly growing diversified energy company announces the award of an additional new order on 'The Island on Lake Travis' luxury condominium development.
We are pleased to announce this new contract awarded to our subsidiary company, American Geothermal. The company has placed an order for 30 new 'DeMarco Energy Miser' units as part of the ongoing refurbishment of several properties nearing completion. The combined worth of this order including labor will be in the region of $80,000.00.
Approximately 50% of the homes on the site have now been upgraded to the 'DeMarco Energy Miser' system. Our ambition is to see the entire development's heating and cooling solution powered by the 'Energy Miser' system and we will continue to bid for the remaining contracts as they come up for tender.
Chairman of Energy Vision International, Anthony Welch commented: "The Island development demonstrates our ability as an organization to successfully deliver on large-scale contracts. We intend on capitalizing on this valuable experience and bid for more high-value local government and commercial contracts as we approach 2007. This new contract puts us firmly on track to achieve our projected year-end sales revenues."
About Energy Vision International
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.