ELGT Accomplishes Facilities Consolidation DALLAS, Oct. 12 /PRNewswire-FirstCall/ -- Electric & Gas Technology, Inc. (OTC:ELGT) (BULLETIN BOARD: ELGT) today announced that it has completed the consolidation of its three Texas operations into one facility. Daniel Zimmerman, President and CEO of ELGT, said, "We are transitioning ELGT from its longstanding status as a holding company for subsidiary corporations to a management company by taking active operational control. This allows for better utilization of our management staff, technical resources and operating capabilities. We have rearranged our 144,000 square foot state of the art facility in Garland, Texas, to accommodate all of our current operations, including corporate offices. Improvements in communications and utilization of resources are already evident and we believe this change will significantly contribute to our major objective of rapidly building shareholder value." Mr. Zimmerman added, "In addition to improvements in operating performance, this move is also allowing us to proceed with the sale of three commercial buildings, which when completed will further improve our operating statement and balance sheet. All in all, we are very pleased that we made this decision." Electric & Gas Technology, Inc. (ELGT) is a publicly traded holding 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. DATASOURCE: Electric & Gas Technology, Inc. CONTACT: Sandie Reeves of Electric & Gas Technology, Inc., +1-469-429-5298

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