Encore Energy Announces 65% Increase in Quarterly Sales Over Same Period Last Year
10 Avril 2008 - 6:41PM
PR Newswire (US)
BRIGHTON, Mich., April 10 /PRNewswire-FirstCall/ -- Encore Energy
Systems (Pink Sheets: ENCS) announced today a 65% increase in sales
over the same period last year. Sales for Q1 2007 and Q1 2008 were
$219,140 and $361,130 respectively. Sales for the American
Geothermal arm of Encore are projected to nearly double and be in
excess of $1,400,000. This figure does not include sales
projections from the Company's other operations and projects.
American Geothermal has approximately 15 projects in its pipeline
with each project expected to gross between $40,000 to $100,000.
The Company's sales are not affected by the downtown in the USA
mortgage market as the Company's customers are concentrated in the
ultra high-end market where demand rises in market downtowns. The
demand for the company's Green solutions is increasing monthly and
expected to rise further. 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. Learn more at
http://www.encoreenergyinc.com/. About Modern Technology Corp
Modern Technology Corp is a specialized acquisition company
obtaining majority control of promising private or public companies
for execution of a 'turn-around' strategy and subsequent spin-off.
The company targets opportunities with undervalued assets or
purchasable convertible debt. The company builds revenues and asset
value through a model continuous growth-by-acquisition. Our income
is derived from license and revenue agreements and the sales of
securities obtained from its portfolio holdings. The company's web
address is: http://www.moderntechnologycorp.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 CONTACT: Investor
Relations of Encore Energy, 1-888-234-0963, Web site:
http://www.encoreenergyinc.com/
Copyright