TechLite Subsidiary, Keystone, Reaches Agreement With Redi-Controls To Market OAM Purger in Greater China.TULSA, Okla. -- On Nov. 5, 2004, TechLite (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :THLT) announced the acquisition of two additional businesses, Keystone and Omni Sciences, both of Austin, Texas. A principal part of these businesses are two important 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 energy conservation products: the ASHRAE ASHRAE American Society of Heating, Refrigerating & Air Conditioning Engineers award-winning OAM (Operations Administration Maintenance) Refers to managing and maintaining a network or network device. The P in "OAM&P" adds "provisioning" to the list, which is a telephone company term for setting up a service. Purger(TM), an in-line device that constantly samples and decontaminates chiller chill·er n. 1. One that chills. 2. A frightening story, especially one involving violence, evil, or the supernatural; a thriller. chiller Noun 1. refrigerant re·frig·er·ant adj. 1. Cooling or freezing; refrigerating. 2. Reducing fever. n. 1. A substance, such as air, ammonia, water, or carbon dioxide, used to provide cooling either as the working substance of streams, and Frigi-Tech, a state-of-the-art refrigerant additive for commercial and residential A/C units. TechLite, through its operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon , Keystone, along with Samuel Chan, of El Monte, Calif., have been selected by Redi Controls Inc. to jointly market the OAM Purger(TM) in greater China, which includes Taiwan, Hong Kong, and Macao. According to J.D. Arvidson, president of TechLite: "This is an exclusive performance-based distributorship, based on number of units sold. TechLite's 2005 sales goal for the OAM Purger(TM) is an additional $2-3 million in gross sales. Keystone currently has approximately $2 million in energy reduction contracts pending, and estimates gross sales of $5 million for calendar year 2005." ABOUT TECHLITE INC. (www.techlite.com) TechLite Inc. is a national energy service company. In 2004 TechLite entered its 12th year in the design and installation of energy-efficient and EPA-compliant lighting upgrades encompassing the vast number and variety of existing lighting systems. The magazine "Electrical Contractor" has described the lighting retrofit business as "the market of the decade." Customers include power utility energy service companies (ESCOs), as well as the education, healthcare, commercial, industrial, and government markets. Industry experts estimate the size of the market at approximately three billion lighting fixtures, creating a potential $100 billion national lighting retrofit industry. TechLite also offers new energy-efficient light fixtures for new construction, long-term service and maintenance contracts for customer lighting systems, and other state-of-the-art energy reduction products and services for air conditioning systems. Safe Harbor Statement under 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: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. |
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