Encore Energy Announces 65% Increase in Quarterly Sales Over Same Period Last Year
Posted on: Thursday, 10 April 2008, 12:00 CDT
BRIGHTON, Mich., April 10 /PRNewswire-FirstCall/ -- Encore Energy Systems (Pink Sheets: ENCS) announced today a 65% increase in sales over the same period last year.
Sales for Q1 2007 and Q1 2008 were $219,140 and $361,130 respectively.
Sales for the American Geothermal arm of Encore are projected to nearly double and be in excess of $1,400,000. This figure does not include sales projections from the Company's other operations and projects. American Geothermal has approximately 15 projects in its pipeline with each project expected to gross between $40,000 to $100,000.
The Company's sales are not affected by the downtown in the USA mortgage market as the Company's customers are concentrated in the ultra high-end market where demand rises in market downtowns. The demand for the company's Green solutions is increasing monthly and expected to rise further.
About Encore Energy
Encore Energy owns the patents for the use of grey-water, and domestic water in heat exchanger systems. They also provide all forms of conventional geothermal heat exchange systems. Learn more at http://www.encoreenergyinc.com/.
About Modern Technology Corp
Modern Technology Corp is a specialized acquisition company obtaining majority control of promising private or public companies for execution of a 'turn-around' strategy and subsequent spin-off. The company targets opportunities with undervalued assets or purchasable convertible debt. The company builds revenues and asset value through a model continuous growth-by-acquisition. Our income is derived from license and revenue agreements and the sales of securities obtained from its portfolio holdings. The company's web address is: http://www.moderntechnologycorp.com/
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. Investor Relations 1-888-234-0963 info@encoreenergyinc.com
Encore Energy
CONTACT: Investor Relations of Encore Energy, 1-888-234-0963,info@encoreenergyinc.com
Web site: http://www.encoreenergyinc.com/
Source: PRNewswire-FirstCall
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