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PowerCold Opens Corporate Sales Office in Denver, CO; Products Initiate First Month Sales

Posted on: Wednesday, 1 February 2006, 09:00 CST

PowerCold Corporation (OTCBB:PWCL) announced the opening of a new corporate sales office in Denver, Colorado. The first month of operations exceeded product sales expectations. The Company secured 29 new product orders that include: 10 Nauticon(R) Plastic Fluid Coolers from its Mexico distributor, 11 Nauticon(R) Evaporative Condensers from one of the largest HVAC companies in the world, and 9 Plastic Kits from 2 OEM cooling tower companies. In addition, the Denver office secured an HVAC Equipment Package contract for an extended care facility in Montana; included will be additional Equipment Package contracts for 3 new extended care facilities pending final contracts.

PowerCold(R) recently announced a reorganization on January 6, 2006. Mr. Glen Thiessen has been appointed Vice President Sales and Marketing and will supervise all sales operations from the central Denver office. Mr. Thiessen has over 30 years experience in the industry, including owning and operating his own HVAC business for 18 years. Mr. John Papastavrou has been appointed Product Sales Manager. He previously held the position of Product Manager for PowerCold Comfort Air Solutions for the past 2 years. Mr. Papastavrou will be responsible for product sales of evaporative condensers and fluid coolers to sales agents, manufacture reps and OEM companies.

PowerCold CEO Frank Simola commented, "We have exceeded our sales forecast the first month of operations under our new organization, and we anticipate continued growth. As previously stated, we are focused on product sales with high gross margins -- primarily our proprietary PlexCoil(R) plastic products. We recently initiated our long-term business plan to develop innovative plastic technology for the huge heat exchanger market. Our future is to be the supplier of unique Plastic Kits for Original Equipment Manufacture's worldwide. Plastic Kits are custom designed proprietary plastic components and plastic tubing using DuPont(TM) Caltrel(R) polymer material that replaces existing heat exchanger corrosive material in an OEM product. The OEM continues to produce and market their own product line with our proprietary plastic product inside."

PowerCold Corporation develops and markets unique energy efficient products for the HVAC industry. PowerCold(R) uses DuPont(TM) Caltrel(R) plastic tubing exclusively in its PlexCoil(R) plastic products.

PowerCold(R) and PlexCoil(R) are trademarks of PowerCold Corporation

DuPont(TM) and Caltrel(R) are trademarks of DuPont or its affiliates and are used under license by PowerCold Corporation.

The statements in this news release contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve certain risks, assumptions and uncertainties, including the inability to generate and secure the necessary product sale, or the lack of acceptance of the company's products by its customers. In each case, actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or modified) will not be realized.

Source: Business Wire

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