REGIONAL POWER POLICY STRENGTHENS DIGESTER VIABILITY, SHARPENS ENVIRO-ENERGY SHORT TERM MARKET STRATEGY BUSINESS EDITORS SPOKANE, WASH.--(BUSINESS WIRE)--MARCH 12, 2002--ENVIRO-ENERGY CORPORATION,
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09:31 ET SPOKANE, Wash.--(BUSINESS WIRE)--March 12, 2002--Enviro-Energy
Corporation, (OTCBB:ENGY.U) (Germany: 676401-EVM.BER)
www.enviro-energycorp.com, announced that innovative power policies
found in some regional utilities greatly increases the financial
viability of its Enviro-Energy(TM) Bio-Waste-To-Energy Systems.
The Tillamook area near Portland, Oregon is home to some of the
finest cheeses made in the world and a thriving dairy industry facing
serious pressure from environmental agencies and lobbies concerned
about the waste streams created by dairies. The Tillamook People's
Utility District published a Policy Bulletin Effective 09/14/01
allowing small (less than 100KW) power generators to produce and sell
power to the District on a Net Energy basis. This means that a small
farm can install an Enviro-Energy(TM) Bio-Waste-To-Energy System,
converting manure into electrical energy knowing that it can sell
power not used for its own need to the District. This policy
represents a major innovation in utility/customer interfaces essential
to bio-waste remediation solutions. The Company believes that the
Tillamook People's Utility District new policy is a strong indicator
of local utility districts moving towards protecting themselves and
their communities from the loss of agribusiness due to environmental
issues while embracing sound alternative energy programs.
Energy Flow Management, Inc., the Company's wholly owned operating
subsidiary responsible for the Enviro-Energy(TM) Bio-Waste-To-Energy
System is currently building its first "Tin Lizzy" -- the Company's
proprietary fully containerized factory manufactured system designed
for small farm applications (such as dairies with fewer than 500
animals). Although the majority of US and world farms are within this
size limit, economical technology for converting animal waste has not
been previously available. The Tin Lizzy developed by Enviro-Energy is
specifically designed for this market. However, energy pricing
uncertainties, and the small scale of energy output relative to energy
company total demand had inhibited predictability of investment
payback from electrical energy sales. Policies such as those
promulgated by Tillamook encourage the proliferation of solutions such
as the Enviro-Energy(TM) Bio-Waste-To-Energy System as a means of
enabling small farmers to deal with increasingly stringent
environmental requirements.
There are approximately 150 small dairies in the Tillamook
District representing a potential market of $33,750,000 for
Enviro-Energy(TM) Bio-Waste-To-Energy Systems. The Company cautions
that this number represents the maximum potential for this county. It
serves as a useful pointer to extent of the total US market as well as
the potential for the Tin Lizzys within a small geographic area. The
Company expects its first small farm system to be installed in this
region by May 15th, 2002. Its sales staff has been directed to focus
on this region to maximize short term revenue opportunities.
The Company further expects to release additional information on
its emerging initiatives related to horticultural markets in the near
future.
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. |
