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Systems Engineering Announces Sale of 1,400 Alternative Fuel Conversion Systems in Panama

Posted on: Tuesday, 7 February 2006, 09:00 CST

Equipment and Systems Engineering, Inc. (OTC: EQSE), an exclusive reseller of IMPCO and OMVL alternative fuels conversion systems, announced this morning that its Alternative Fuels Unit has sold 1,400 cylindrical LPG, or propane, conversion systems to its client Master Parts & Services, a subsidiary of TROPIGAS de Panama, S.A. specializing in the import of LPG products, conversion of vehicles, and provision of domestic and industrial LPG in Panama.

The sale generated more than $70,000 in revenue for EQSE, and the systems sold ultimately will convert 1,400 Panamanian vehicles to operate on LPG rather than gasoline.

The Panamanian government is moving forward with serious discussions and new regulatory standards to further and govern the use of LPG as motor vehicle fuel. Several months ago, Panamanian government officials hosted a half-day conference to discuss the feasibility of converting Panamanian vehicles to operate on LPG, rather than gasoline.

EQSE CEO Jose T. Masis was invited to attend the conference on account of his years of industry experience in alternative fuel systems and participated actively in the discussion. The conference also was attended by representatives of the national fire department as well as the University of Panama, which has been charged with testing oversight for LPG conversion systems prior to approval by the Panamanian government. This event and subsequent meetings of Panamanian leadership have resulted in proposed legislation for the use of LPG as motor vehicle fuel and new government support for such conversions by the country's private sector.

"More and more governments are increasingly cognizant of rising gasoline prices and the depletion of oil reserves throughout the world," said Masis. "This new initiative by the Panamanian government has opened a tremendous new revenue opportunity for our company and we look forward to intensifying our sales in this country for years to come."

EQSE's Alternative Fuels Unit is the exclusive reseller of IMPCO and OMVL alternative fuels conversion systems in numerous countries throughout Latin America and the Caribbean; these systems convert gasoline driven engines to operate on gases such as natural gas (CNG) and propane (LPG).

About Equipment & Systems Engineering

Founded in 1986 as a provider of packaging and process machinery as well as related consulting services to the petroleum industry in Latin America and the Caribbean, Equipment & Systems Engineering, Inc. (OTC: EQSE) has expanded to become a leading manufacturer and supplier of a full line of on-site sodium hypochlorite generation systems under the brand name Aquachlor. For more information, please visit www.equipmentandsystems.com. EQSE Shareholders are encouraged to register on the "Shareholder Registration" page to receive ongoing company news updates.

Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements'' as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. Equipment & Systems Engineering disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to, risks associated with changes in general economic and business conditions, actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, and changes in our business strategies.

Investor Contact: Jesus Rodriguez 305.776.4535

SOURCE: Equipment and Systems Engineering, Inc.

Source: MARKET WIRE

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