Enviro-Energy Corporation Receives New Orders, Upgrades 2002 Forecasts.Business Editors SPOKANE, Wash.--(BUSINESS WIRE)--March 4, 2002 Energy Flow Management, Inc. (EFMI EFMI European Federation for Medical Informatics EFMI Escape from Monkey Island (computer game) EFMI Erasmus Food Management Instituut EFMI Energy Flow Management Inc. ), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Enviro-Energy Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ENGY) (Germany: 676401-EVM.BER (1) (Basic Encoding Rules) A set of encoding rules for ASN.1 notation, which is a method for defining data structures. See ASN.1. (2) (Bit Error Rate) The average number of bits transmitted in error. See BERT. 1. ), www.enviro-energycorp.com, today released new order activity forcing an upgrade of its 2002 estimates by $8,600,000. Total revenue forecast for Enviro-Energy Corporation is subsequently upgraded to $53,600,000. Recent order activity resulting from sales activities focused on the beef and dairy industry has caused EFMI to upgrade its order and revenue forecast for this year. During the week ending March 1st, 2002, the company presented its Enviro-Energy(TM) Bio-Waste-To-Energy Systems at the New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). Ag Expo held in Portales, New Mexico Portales is the county seat of Roosevelt CountyGR6, New Mexico, with a total population of 11,131 (as of the 2000 census). It is the home of Eastern New Mexico University. . Order interest was immediate and intensive, generating a substantial inventory of prospects expected to order within the next 30 days and an immediate $1,600,000 order for a 2000 head dairy located in Texas. EFMI has further entered into an agreement with a real estate development company based in Western Washington State for a series of Systems. The agreement calls for immediate delivery of one skid mounted Enviro-Energy(TM) Bio-Waste-To-Energy System with provisions for an additional 5 larger scale Systems this year. The customer has placed no upper limit to the total number of Systems. Although final numbers will depend upon the location of each System, EFMI values the 6 System package at $7,000,000. "In the highly conservative cattle and dairy environment it is extremely unusual to generate such immediate order activity," states Michael Funk, 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 Energy Flow Management, Inc. "While we had made our 2002 estimates based upon well developed sales opportunities, these new orders were unexpected and in addition to existing prospects. We have also moved into advanced stages of contract negotiation with a number of other farms significantly larger than those listed in this report, which will further skew (1) The misalignment of a document or punch card in the feed tray or hopper that prohibits it from being scanned or read properly. (2) In facsimile, the difference in rectangularity between the received and transmitted page. our 2002 revenues higher than forecasted. We will report in a timely manner as they mature. "We again caution the market that we have introduced manufactured technology into a market with mature demand, meaning that we have no accurate means of predicting the actual immediate revenue potential other than responding to immediate order demand and relating these results as they occur. We encourage the public to visit the bio-waste sections of our website www.enviro-energycorp.com to review market and technology information." Enviro-Energy Corporation is a consolidator and operator of environmentally related businesses. Acquisitions and internal growth focus on energy, air, and water sectors. The Company expects to sustain growth through its aggressive roll up strategy, internal synergies and the deployment of its ENVIRO-ENERGY(TM) systems throughout the world. Forward-looking statements in this release are made pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including without limitation, continued acceptance of the company's products, increased levels of competition for the company, new products and technological changes, the company's dependence on third party suppliers, intellectual property rights and the other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission Fair Disclosure Regulation, effective, October 2000. |
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