Encore Energy Systems Grants Exclusive Technology Patent License to Energy America Geothermal for Worldwide Sales
30 Junho 2008 - 4:26PM
PR Newswire (US)
OXFORD, Miss., June 30 /PRNewswire-FirstCall/ -- Encore Energy
Systems (Pink Sheets: ENCS) announced today it granted an exclusive
patent license to Energy America Geothermal for all worldwide sales
of the Company's patented systems. Under the terms of the
Agreement, Encore Energy will exclusively license its patent to
Energy America Geothermal. The Company will receive a royalty from
installed systems based on total installation value. The Company
anticipates a significantly larger revenue stream from this
expanded license agreement. All revenue received from the Agreement
will be direct-deposited, in full, to a Shareholder Escrow Account.
The cash will be distributed to all record-date stockholders on an
annual basis, pro rata. This technology licensing initiative is
part of the Company's expanded business model and new growth
initiatives to reduce operational overheads, create equity returns
to stockholders, and expand the Company's market breadth.
Anticipated additions include new technology and solutions for
power co-generation and displacement, bio-diesel production
technologies, new corporate image, brand and market awareness, and
new industry alliances and marketing to tap the growing power
generation, conservation, and displacement industry. About Encore
Energy Encore Energy provides vertically designed custom solutions
for power convservation and co-generation. Our core business
provides energy-saving solutions to residential and commercial
customers through design and installation of climate control
systems using the company's proprietary geothermal products and
designs. The Company owns and licenses 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 our video at http://www.encoreenergyinc.com/. About Energy
America Geothermal Energy America Geothermal is a full spectrum
geothermal resource developer and service company. 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. Contact: Encore Energy
Systems, Inc. 888.234.0963 DATASOURCE: Encore Energy Systems
CONTACT: Encore Energy Systems, Inc., 1-888-234-0963, Web site:
http://www.encoreenergyinc.com/ http://www.energyamericainc.com/
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