Geoexchange Technology Provider - Essential Innovations Technology Corp. (ESIV) - Announces the Execution of Multiple Agency and
28 May 2008 - 12:00AM
PR Newswire (US)
BELLINGHAM, Wash., May 27 /PRNewswire-FirstCall/ -- Essential
Innovations Technology Corp. (OTC:ESIV) (BULLETIN BOARD: ESIV)
(FRANKFURT: E6S) is pleased to announce that the Company has signed
on with a number of agents for product representation, having
exclusive or non-exclusive right to the ESIV product- line in North
America and certain parts of Asia, while it further states that it
has additionally engaged with other parties under corporate
representation agreements for the promotion and execution of
overall business and financing objectives. Energy Source
Technologies, http://www.energysourcetechnologies.com/, has been
given a non-exclusive product agency agreement for the United
States of America and has additionally been given an exclusive
agency agreement for the Country of the Philippines. Kingyoup
Enterprises Company Limited, http://www.kingyoup.com/, has been
assigned with a non-exclusive agency agreement for both the
Republic of Taiwan and the Country of China. Go Green Development
Consortium, http://www.corbinenterprises.com/, has signed a non-
exclusive agency agreement covering the territory of the United
States of America. Each of these different parties has been granted
the rights to market and sell the ESIV Product(s) and Services, on
either a non-exclusive or exclusive agency basis, within their
defined Country. Until such time that an exclusive or non-exclusive
distributor may exist in any of these or any other countries, an
agent simply would acquire product directly from ESIV in their
fulfillment of services. In future, however, should an exclusive or
non- exclusive distributor exist in any particular country or
territory where an agent may be acting, the agent would then work
under said distributor for the purposes of the facilitation of
their respective duties. In addition to the agency relationships
described above, the Company also has very active on-going
corporate representation agreements in place with, Keystone Global
LLC, http://www.keystonegl.com/, Green Business China,
http://www.ecoexpo.com/, and Dragonfly Capital Group,
http://www.dragonflycapitalgroup.com/, whereby they each have been
engaged on the basis of working with the Company to facilitate
financing for the organization or so as to create business
development agreements either as complete turn-key Geoexchange
projects, or as standard distribution and sale agreements for the
ESIV product line. "The agreements discussed here are truly
representative of the ever- growing demand for Geoexchange
technology in the domestic and international marketplaces. Each of
the parties referenced here under engagement from the Company are
actively pursuing, or are in the final stages of negotiation for
the sale and application of our technology within their particular
Country of scope," affirmed Jason McDiarmid, President/CEO, of
ESIV. "Aside from these continuing initiatives, ESIV is also
engaged directly in the latter stages of a negotiation for
representation in the form of an exclusive distribution agreement,
which sets out and establishes specific target volumes and quotas
for our product. In addition to this, we also are working in the
international markets to finalize more integrated strategic
alliance or joint venture opportunities that will allow us to
persist with the establishment of a noticeable footprint on the
World stage. In this regards, it is our goal and objective to
remain aggressively engaged in such discussions and negotiations
that allow us to create sales channels with well established and
highly respected organizations that have experience in their
particular international markets, and that ultimately can bring
with them partnerships with some of the largest and finest
engineering and installation experts in their regions to help to
exploit our products and services. Given such general and complete
efforts, we anticipate being able to offer guidance to the
investment community in regards to the consummation of further
distribution, strategic alliance or joint venture opportunities in
the near- term." Essential Innovations Technology Corp. provides
cutting-edge Geoexchange solutions for residential, commercial and
industrial applications as both a manufacturer of proprietary
geothermal heat pump technology and as a Geoexchange energy service
company. The Company was incorporated in April 2001, and it has
four wholly owned subsidiaries located in British Columbia, Canada
and in Hong Kong, SAR, China. Geoexchange technology harnesses the
earth's clean, renewable thermal energy stored just below the
surface or in large bodies of water for purposes of heating,
cooling, domestic hot water and/or dehumidification. A Geoexchange
system is used to "exchange" the earth's natural heating and
cooling properties between a building and the ground. This
non-combustion transfer of energy is the source of performance and
environmental superiority, as Geoexchange systems need only a small
amount of electrical energy to then capture, move and concentrate a
large amount of free energy provided by the earth. Forward-Looking
Statements This news release contains "forward-looking statements,"
as that term is defined in Section 27A of the United States
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Statements in this press release, which are not purely
historical, are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Investors are cautioned that such
forward-looking statements involve risks and uncertainties. These
statements include, but are not limited to, statements that do not
describe historical facts and statements that include the word
"believes," "anticipates," "expects," "plans," "intends,"
"designs," "projects" or similar language, as well as statements
regarding consumer or marketplace acceptance of the Company's new
or existing products; comments concerning marketing and consumer
acceptance of proprietary products; the potential benefits of
Essential Innovations' products; initiatives undertaken by the
Essential Innovations' divisions; the Company's research,
manufacturing and facilities expansion programs; and the Company's
growth, revenue, or projected earnings; all such statements which
may or may not occur in the future. These forward-looking
statements are made as of the date of this news release, and
Essential Innovations Technology Corp. assumes no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the forward-
looking statements. Although we believe that the beliefs, plans,
expectations and intentions contained in this press release are
reasonable, there can be no absolute assurance that such belief,
plans, expectations or intentions will prove to be completely
accurate. Investors should consult all of the information set forth
herein and should also refer to the risk factors disclosure
outlined in our periodic reports filed from time to time with the
Securities and Exchange Commission. DATASOURCE: Essential
Innovations Technology Corp. CONTACT: Investor Relations, Allegiant
Financial Group, 1-866-669-8098; or Corporate, Jason McDiarmid,
President & CEO of ESIV, +1-360-392-3902, fax, +1-360-733-3941,
Web site: http://www.eitechcorp.com/
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