OXFORD, Miss., Sept. 12, 2006 (PRIMEZONE) -- Energy Vision International (Other OTC:EGVI), a rapidly growing diversified energy company, is pleased to announce the "Temporary Suspension" of a long list of companies, including EGVI, has expired and trading may resume for EGVI.
The SEC released an order to suspend trading for a number of companies that have been delinquent in the periodic reports. EGVI received no notice or communication from the SEC prior to the suspension and was one among many companies.
The company is also pleased to announce the proposed launch of a new subsidiary in Detroit, Michigan. We expect to commence operations within 30 days. The new subsidiary will be named EVI Michigan and a professional management team has been assembled to take advantage of the business opportunities in this region. We will announce more details about this in the near future.
Chairman of EVI, Anthony Welch commented: "Despite the SEC's surprise action to Temporary Suspend the trading of many companies, including EGVI, we continue to grow the company as promised. Shareholders may wish to note we may become fully-reporting and list on the OTCBB sooner than we had planned as a result of the SEC's actions."
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. (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 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.