Encore Energy Systems Inc (ENCS)

[MONEYMADE]

NEWS!!!!Encore Energy Systems
Encore Energy Systems Completes Acquisition of BioConversions International and Schedules Additional Biofuel Acquisitions
Wednesday February 11, 2009, 11:37 am EST
Yahoo! Buzz Print OXFORD, MS--(MARKET WIRE)--Feb 11, 2009 -- Encore Energy Systems (Other OTC:ENCS.PK - News) announced today it completed its acquisition of BioConversions International. The transaction record date is 5 February 2009.

All record-date stockholders and all prior EGVI stockholders will receive, pro rata, $2,000,000 in Convertible Preferred Stock. The Preferred Stock may be converted into Common Stock annually. The Conversion feature will expire in 5 years.

This dividend is in addition to the previously declared cash dividend whereby all royalty income from the Company's patents will be distributed directly to stockholders. Shareholders will receive new Preferred Stock paying yearly dividends of cash or common stock upon redemption.

Investors should expect regular updates and press releases on the following:



-- New web sites, corporate image and published business plans
-- Details regarding geothermal royalty schedule, and the Preferred Stock
dividends
-- Published financial reports on the combined entities no later than 1
March 2009
-- Guidance on 2008 performance and Revenue and Debt elimination to be
released before financial reports
-- Financial projections regarding both revenues and asset growth through
the company's planned acquisitions
-- New LOIs and planned acquisitions of various biofuel production
facilities
-- Biofuel production and distribution agreements