ELGT Electric and Gas Technology Inc (CE)

Electric & Gas Technology, Inc.(OTCBB:ELGT) today announced that it has completed the consolidation of its operating divisions. Daniel A. Zimmerman, president and CEO of ELGT, said, "With the merging of the customer support and order processing functions of our ELGT subsidiaries Reynolds Equipment Company (RECO) and Logic Metals Technology, Inc. (LMT) we have accomplished one of our most important goals for the current fiscal year ending July 31, 2005; consolidation of all operating functions related to product manufacturing and customer fulfillment. Although RECO and LMT remain independent wholly owned subsidiaries conducting their own engineering, product development and direct sales activities, production resources and personnel supporting both companies have been integrated to ELGT's manufacturing division." Zimmerman continued, "The process began just over six months ago when the two shipping departments were combined. At the time it felt as if the pain and suffering would never end! But the more we progressed through all of the materials management functions, manufacturing, sub-contracting, assembly, quality assurance and finally inside sales and customer support, the more energized the team became. A good number of our people from both companies now have substantial crossover responsibilities. The company now has an experienced group in place to handle future consolidations that, by design, they will be sure to face. And we are now better positioned to achieve our longer term goal of building shareholder value. Witnessing progress such as this is one of the great rewards for someone in my position." Electric & Gas Technology, Inc. (ELGT) is a publicly traded company that, through its subsidiaries, operates in two main areas: (1) Utilities Products and (2) Contract Manufacturing. This release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, which represents the Company's expectations or beliefs concerning, among other things, future operating results and various components thereof and the adequacy of future operations to provide sufficient liquidity. The Company cautions that such matters necessarily involve significant risks and uncertainties that could cause actual operating results and liquidity needs to differ materially from such statements, including, without limitation: (i) increased competition, (ii) the price-sensitive nature of product demand, (iii) the Company's dependence upon favorable pricing from its suppliers and (iv) other risks indicated herein and in filings with the SEC.