DeMarco Energy Announces Geothermal Growth & Annual Meeting News.Business Editors & Energy Writers AUSTIN, Texas--(BUSINESS WIRE)--Nov. 21, 2002 DeMarco Energy Systems of America Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DMES DMES Deployable Mobility Execution System ), is pleased to report substantial sales growth in its residential ground-loop division. The Board of Directors moved to enter this area of the geothermal ge·o·ther·mal also ge·o·ther·mic adj. Of or relating to the internal heat of the earth. ge market in January 2002. In August 2002, the services of Mr. Denny Amorella were employed to lead this new profit center. Since that time, Mr. Amorella, whose experience includes extensive work in HVAC (Heating Ventilation Air Conditioning) In the home or small office with a handful of computers, HVAC is more for human comfort than the machines. In large datacenters, a humidity-free room with a steady, cool temperature is essential for the trouble-free and plumbing plumbing, piping systems inside buildings for water supply and sewage. The Romans had a highly developed plumbing system; water was brought to Rome by aqueducts and distributed to homes in lead pipes—hence the name plumbing from the Latin word plumbum installations, has secured $53,000 in sales/installation contracts. Of those contracts, all are now at least 90% completed. Presently, proposals totaling $155,000 for residential geothermal installations are awaiting customer approval. The company is extremely encouraged by the future prospects of this profit center. DeMarco is also pleased to announce the sale of the Energy Miser in Korea. The buyer is installing these units as part of a prototypical system in order to demonstrate the energy-saving benefits of the Energy Miser, and to promote large volume sales in Korea. DeMarco has agreed to assist this client in all possible ways to achieve mutual benefits. The previously announced date of the Annual Meeting for DeMarco shareholders has been changed. The meeting will now be held at 2 pm on Dec. 20, 2002, at the Holiday Inn, Austin, Texas. The company regrets any inconvenience caused to its shareholders by this change. This News Release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc future results, performance, plans, events or other matters. Words such as "potentially," "will," "anticipates," "believes," "plans," "expects," "future," "intends" and similar expressions are used to identify these forward-looking statements. Such statements involve numerous risks and uncertainties, including, but not limited to, risks and uncertainties pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to development of the company's products and services and markets for such products and services, the timing and level of customer orders, competitive products and services and pricing, changes in economic conditions and the markets for the Company's products and services and other risks and uncertainties. Actual results, performance and events may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this News Release. DeMarco financials can be found in its filings with the Securities and Exchange Commission, which can be accessed at www.sec.gov. |
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