American Resource Management, Inc. Signs Letter of Intent to Acquire Efficiency Technologies, Inc.
10 Novembro 2003 - 1:37PM
PR Newswire (US)
American Resource Management, Inc. Signs Letter of Intent to
Acquire Efficiency Technologies, Inc. TULSA, Okla., Nov. 10
/PRNewswire-FirstCall/ -- American Resource Management, Inc. (OTC
Pink Sheet: ARMM), announced that it has signed a Letter of Intent
to acquire Efficiency Technologies, Inc., a Nevada corporation, for
30,000,000 shares of common stock. Efficiency Technologies, Inc.
("Eff-Tec") has developed a web-based energy management services
for centrifugal chillers. The Department of Energy has estimated
that chillers waste up to 30% of their cooling energy through
inefficiency. Eff-Tec's web-based service provides a diagnostic
tool that provides plant managers of centrifugal cooling systems
the ability to evaluate, monitor and manage their chiller's
performance. Efficient monitoring and treatment can save tens of
thousands of dollars per year in energy and maintenance costs. ARMM
is an energy resource-based holding company located in Tulsa,
Oklahoma. Forward-looking statements in this release are made
pursuant to the Safe Harbor Provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
subject to certain risks, and uncertainties and actual results
could differ from those discussed. This material is information
only and is not an offer or solicitation to buy or sell the
securities. DATASOURCE: American Resource Management, Inc. CONTACT:
Robert Garner of American Resource Management, Inc.,
+1-918-459-9689
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