Energy One Corp (EGOC)

[JetLifer]

EGOC 28 September 2011 Updates in Brief
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http://www.energy1corp.com/E1/News.html

In the interest of keeping everyone up-to-date (even if there isn’t PR news worthy items to report):


1. ITE Pacific has brought on some new engineers to specifically help with this project. Their goal was to cut down the translation time and to further assist in the customization process. This is a great development and a wonderful sign of ITE’s commitment. We look forward to speedier developments.


2. The “other” Chinese manufacturing company with whom we are working with to produce products for the reefer opportunity (as well as other ventures) is moving toward CAD on this and other designs. This is a crucial step that will pay off in multiple in the future as we configure for various installations.


3. We have not had official word from the middle-east as of yet, but we’re not worried. If they wanted to say, “No,” they could have a long time ago. But to be honest, they might have to wait in line. We’re busy attacking the US-trucking market via Master Lease and all our energy is directed in this manner at present. (I don’t even think our own shareholders have figured out exactly how big this deal with Master Lease really is in the long run.)


We’ll keep everyone up to date and will continue with further Newswire PRs on official news items.

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Side Note: This is still in drawing-board phase, but we’ve been kicking around a few ways to allow the shareholders to not only own the stock, but to own the truck. Why should it just be the professional money that makes the big bucks? Its a simple theory, really. But it might be a bit complicated to setup as nobody has done this kind of thing before (except Ford, but they do it with a lot more zeros). We don’t mean to say that we’re trying to reinvent the wheel; just that the ideas we’re kicking around are usually only done on a very large scale, and not offered to the mom-and-pop shareholder. They’re usually reserved for banks and hedge funds. We’re working it out because it would allow the company to grow, the shareholders to benefit and we could avoid the dilutive effect of financing it through institutional type players. (Please keep a watch on the CH/POV for more on this, or write to the CEO directly for more information as it becomes available.)

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We’ve (often) been asked to provide a little bit more about how the ExhausTek product actually works. While we’re not interested in providing the “how-to” recipe for obvious reasons, please allow the following to provide a little bit more insight, (and we’ll try to provide more in the future as well):