DeMarco Energy Announces Letter of Intent to Purchase.Business Editors & Energy Writers AUSTIN, Texas--(BUSINESS WIRE)--Aug. 13, 2002 DeMarco Energy Systems of America Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DMES DMES Deployable Mobility Execution System ) signs letter of intent to purchase its second filter services company in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. . "This is the second of several business purchases we plan to make over the next 12 months," states Victor M. DeMarco, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of DeMarco Energy. "We look forward to closing the acquisition by early September and moving on to other candidates that we have identified." The San Antonio San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. filter company installs and provides monthly maintenance services on air filters in connection with heating and air conditioning systems, as well as drop ships pleated throw away filters. The throw away filter business will be brought in-house to provide an additional revenue stream. The San Antonio business unit is estimated to bring in an additional $250,000 in annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenue to DeMarco. DeMarco will rename the new company for this segment of business and assume the filter sales, invoicing, accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying and customer service at the DeMarco Energy headquarters in Austin, Texas. The company plans to expand the new segment of business by acquiring similar companies located in other geographic areas. Then for a pre-determined fee the company will sell the air filter business unit to independent distributors. This News Release may contain forward-looking statements relating to 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 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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