Energy One Corp (EGOC)

[RaymondBrown]

Submitted for Marketwire Press Release (will be up on website later tonight):

Energy 1 Corporation Provides Status Update on Mid-East Project

Energy 1 Corporation announces that product engineering for integration on the Mercedes 0-457 diesel powered transit bus is near complete and anticipates Phase II of – in use – product demonstration & end-user testing to begin within 4 to 6 weeks from today.

“Phase II is the final phase of this demonstration & end-user testing protocol for product readiness within the middle-east market,” said Raymond T. Brown, Chairman of E1. “We are on schedule and on target. With this last hurdle behind us, we’ll be ready to start manufacturing pre-configured units for resale into the retrofit market for emission reduction on transit buses within the region; and while increased fuel efficiencies may not be as critical to customers in this area of the world verses Europe, the US & the Asian-Pacific markets, the fact that we include it answers any additional ROI calculations the consumer might have as part of their buying decision.”