DeMarco Experiences Growth in Residential Geothermal.Energy Editors/Business Editors AUSTIN, Texas--(BUSINESS WIRE)--Feb. 17, 2004 DeMarco Energy Systems of America Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DMES DMES Deployable Mobility Execution System ) continues to benefit from increased residential geothermal sales. "Over the last 12-18 months we have experienced a definite spike in the number of inquires for our geothermal heat pump A geothermal heat pump system is a heating and/or an air conditioning system that uses the Earth's ability to store heat in the ground and water thermal masses. This system will take advantage of a land mass as a heat exchanger to either heat or cool a building structure. products," states Victor DeMarco, president of DeMarco Energy. "The homes in the price range of $500,000-$3,000,000 is our largest growth area." DeMarco Energy has also experienced an extremely high interest in the homes priced under $500,000.00. The interest in the DeMarco Energy Miser Heat Pump heat pump: see air conditioning. heat pump Device for transferring heat from a substance or space at one temperature to another at a higher temperature. has mainly been in the new home market, but we have experienced significant interest in the retrofit (replacement) of existing conventional units. The company is in the process of closing and/or starting at least five residential geothermal jobs and two commercial jobs within the next 60 days. These jobs total approximately $750,000 in sales. Geothermal heating Geothermal heating has been used since Roman times as a way of heating buildings and spas by utilizing sources of hot water and hot steam that exist near the earth's surface. and cooling systems cooling systems for housed animals include spraying of roofs with water, evaporative pads with fans, foggers and misters; for pastured animals shelter from the sun by trees or artificial shade devices and cooling ponds are used. can reduce the heating/cooling costs by as much as 70%. This superior energy efficiency delivers very comfortably warm air, even on the coldest winter days, and very comfortably cold air, even on the hottest summer days. As an additional benefit, geothermal systems can provide hot water to the water heater. This further reduces the homeowner's costs as the hot water is a by-product by·prod·uct or by-prod·uct n. 1. Something produced in the making of something else. 2. A secondary result; a side effect. by-product Noun 1. with virtually no costs. Most geothermal heat pumps pay for the additional costs within five years, but the units last approximately 20 years. This provides a dollar savings to the homeowner for an additional 15 years. For more information on the DeMarco Energy Miser geothermal heating system please visit our Web site at www.demarcoenergy.com This News Release may contain forward-looking statements 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 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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