Encore Energy Systems Inc (ENCS)

[lifegear]

9/11/08 Bioconversions $17M Revenues 12% Earnings...

Encore Energy Systems to Acquire BioConversions International and $17,000,000 Profitable Revenues, Acquisition Set for 20 September 2008

Thursday , September 11, 2008 13:30ET

OXFORD, Miss., Sept. 11 /PRNewswire-FirstCall/ -- Encore Energy Systems (Pink Sheets: ENCS) announced today it scheduled the formal closing date for acquiring BioConversions International. BioConversions reports over $17,000,000 in projected sales with net earnings of approximately 12%.

The transaction includes a maximum capital raise of $1,000,000 to cover transaction costs and facilitate growth.

The Company has completed due-diligence and believes transaction funding is available. Financials and Transaction Disclosure information regarding BioConversions International will be published pursuant to paragraphs (a)(5)(i) to (xiv), inclusive, and paragraph (a)(5)(xvi) of Rule 240.15c2-11.

The transaction is part of previously disclosed plans to divest unprofitable operations, eliminate liabilities, and provide strong equity growth. The Company believes it has substantially achieved its objectives and continues to execute its plans accordingly.

About Encore Energy

Encore Energy specializes in energy conservation and production technologies. The Company owns the patents for the use of grey-water, and domestic water in heat exchanger systems. See our video at http://www.encoreenergyinc.com.

About BioConversions International

BioConversions is an international aggregator of energy companies focused on bio-diesel reactor technology, fuel distribution, and power production systems.

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.

Investor Relations:

Contact: Encore Energy Systems, Inc.

[e-mail]


SOURCE Encore Energy Systems


--------------------------------------------------------------------------------

Contacts:

Investor Relations
Encore Energy Systems, Inc.
1-888-234-0963
[e-mail]


http://www.knobias.com/story.htm?eid=3.1.5beb09e9ce57513c9ea06a3c230a116db01f9d214fe273e4b5676dedad6b756f