Encore Energy Systems Enters Into Teaming Agreement With Energy America Geothermal
14 Février 2008 - 4:11PM
PR Newswire (US)
BRIGHTON, Mich., Feb. 14 /PRNewswire-FirstCall/ -- Encore Energy
Systems (Pink Sheets: ENCS) announced today it has entered into a
formal agreement with Texas LLC, Energy America Geothermal to
collaborate on future commercial geothermal installations. Under
the terms of the Teaming Agreement, Encore Energy and Energy
America Geothermal will jointly cooperate on high value commercial
geothermal installations. Furthermore, Encore will grant Energy
America Geothermal non-exclusive rights to promote the companies'
patented Energy Miser System. The parties to the agreement will
combine its recourses and expertise on selected projects on a case
by case basis. The aim of the teaming agreement is to capitalize on
the strengths of both companies and speed up the turnaround of our
multi million dollar sales pipeline. Encore Energy will provide
Energy America Geothermal with access to our engineering design
team for customers requiring connection to waste or municipal water
installations. In return, Energy America Geothermal will
aggressively promote the patented Energy Miser solutions to
decision makers in government and US Military. Additionally, the
close working relationship with Energy America Geothermal is
expected to strengthen our ability to leverage finance to fund many
of the $10m plus projects currently under review. About Encore
Energy Encore Energy owns the patents for the use of grey-water,
and domestic water in heat exchanger systems. They also provide all
forms of conventional geothermal heat exchange systems. See video
at http://www.encoreenergyinc.com/. About Energy America Geothermal
Energy America Geothermal is a full spectrum geothermal resource
developer and service company. The company's web address is
http://www.energyamericageothermal.com/. Energy America Geothermal
is a subsidiary company to Energy America Inc., an energy
investment and opportunity Development Company that provides a
flexible, market responsive vehicle that identifies and unites
energy related opportunities with the resources necessary to ensure
the opportunity is realized and incubated to success. The company's
web address is: http://www.energyamericainc.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. The
company's web-site version of this press release contains various
RISK FACTORS (and are incorporated herein by reference) and should
be read before any investment decision. Investor Relations:
Contact: Encore Energy Systems, Inc. Investor Relations
1-888-234-0963 DATASOURCE: Encore Energy Systems CONTACT: Encore
Energy Systems, Inc. Investor Relations, 1-888-234-0963, Web site:
http://www.encoreenergyinc.com/ http://www.energyamericainc.com/
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