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Update on EGOC filings....

Read this news posted today on website after markets closed!!!

19 August 2011

General Updates

Housekeeping Items: We’re pressing to have the Company completely up-to-date on all past due financial reporting periods - meaning, current - before the end of the month. Its a lot of work, and we’re dependent upon pushing our accountant to the limit, but its doable.

DTC on the other hand is a much more difficult beast to conquer. As you might remember, the DTC issue of our company being placed on a trade-for-trade status was discussed a little over a month ago in the CH/POV sections of this website, whereby the effects (or lack thereof) were presented along with our dedication to seeking a resolve. While it was not really news at the time, as the status had existed for sometime prior, we felt the need to address it in response to the many inquiries regarding the status. Again, we refer you to the CH/POV section regarding DTC, and offer that such status is more an inconvenience for clearing agents and broker dealers than anything else. That said, we wish to assure all those interested that we are still seeking a positive resolution. Its just not as simple as making a phone call. Many companies find themselves in this DTC status without rhyme or reason; while their some individuals and professionals that have made a business of demanding exorbitant fees to “fix it”, but without guarantee that they can or will. As before, we will keep everyone up to date as we can. There just isn’t any real progress to report at the moment.

One-Off to Mass-Scale: We’ve made considerable progress with ITE Pacific since entering into our agreement. Our gracious thanks goes to their team for coordinating massively long conference calls with dozens of participants spanning the globe, while also managing the careful distribution of materials, component specifications and translation. We look forward to initial production of select components to begin soon.

We’ve also begun more fast-paced discussions with a separate (additional) Chinese fabricator during the last week or so about additional component production (some overlapping with ITE) as well as implementing some design modifications for different applications. (See below: New Design Request) We’re very excited about this and will formally announce developments as they occur.

Middle-East Demonstrations: As announced earlier this week, a local, in-country environmental agent has made a special request for a personal demonstration of the ExhausTek. We can now confirm this to be over several days (on several types of equipment) beginning Thursday, next week.

New Design Request: We’ve begun the process to scale the design of the ExhausTek so it can be readied for retrofit on a refrigerated (“reefer”) truck. We were recently approached by a western US company to assist in their desire to bring older (pre-2007) reefer containers up to 2015 standards. It is believed that new legislation will render any reefer container made prior to 2007 scrap - especially in California. By bringing them up to current standards via retrofit, transportation companies could save significant money verses replacement. We’ll keep everyone informed as to our progress and relationship developments.

http://www.energy1corp.com/E1/News.html

Current before the end of the month!!! Things are really starting to heat up with EGOC!!!