Encore Energy Systems Inc (ENCS)

[Arisquad]

Here we go again.. New PR that looks likes an old pr..

Encore Energy to Enter Caribbean Market With Modern Technology Corp

Mar 18, 2008 09:30:00 (ET)


BRIGHTON, Mich., March 18, 2008 /PRNewswire-FirstCall via COMTEX/ -- Encore Energy Systems (Pink Sheets: ENCS) announced today its plans to expand in the Caribbean market.

Under the terms of the proposal, Modern Technology Corp (Pink Sheets: MODC) will provide grant funding sourced through Caribbean and South American government organizations interested in promoting the use of energy efficient technologies in the region.

The Caribbean is particularly vulnerable to the rising price of crude oil. Power generation is wholly dependent on oil. This fact creates a threatening drain on their economies and impact on local pristine environments through ever-rising carbon emissions. The Company's technologies and solutions can reduce power consumption dramatically. Hot water generation costs can be lowered 95%. HVAC heating/cooling costs can be lowered typically 40% to 70%. The Company's solutions quickly pay for themselves through electricity savings. The price per Kwh of electricity is one of the highest in the world.

In preparation for this market expansion, the Company entered into a sales partnering agreement to supply AMK Solar Collectors. These units generate domestic hot water, resulting in lower electricity bills.

The Company's strategy is to introduce not only energy-saving technologies to the Caribbean but also to promote job creation and energy independence. The Company will actively promote skills and job training throughout the Caribbean in the areas of geothermal systems engineering and solar power technologies.