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Friday, February 13, 2009 2:51:19 PM
07/25/2008
Encore Energy Systems Inc. announced its exclusive patent licensing partner, Energy America Geothermal, provided its regular update on planned projects utilizing the Company's patents. Patent license updates will continue regularly and report projects with firm commitments and to whom Energy America Geothermal reasonably expects to deliver solutions within a reasonable time. All royalty revenue received from these projects will be direct-deposited, in full, to a Shareholder Escrow Account. The dividend will be distributed to all record-date
Encore Energy Systems Inc. Reports Sales Results for the Six Months of 2008
07/9/2008
Encore Energy Systems Inc. announced sales results for the six months of 2008. For the period, the company has announced a 20% increase in sales in its geothermal operations over the same period last year. Sales for its American Geothermal subsidiary for Year-to-Date 2007 and Year-to-Date 2008 were $490,754 and $605,757 respectively. This represents a 20% increase for the same period last year. Sales of company's geothermal solutions are projected to increase dramatically and be in excess of $1,000,000 for 2008. This figure does not include sales projections from the Company's patent license agreements or sales projections resulting from new technologies and sales initiatives. The Company's geothermal operations are profitable and have approximately 15 projects in its pipeline with each project expected to gross between $40,000 to $130,000.
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