Enviro-Energy Corporation Announces Stock Dividend
SPOKANE, Wash.--(BUSINESS WIRE)--Jan. 28, 2003--Enviro-Energy Corporation (OTCBB:ENGY) (Germany: 676401-EVM.BER) is pleased to announce a 100% dividend distribution to Enviro-Energy shareholders of shares committed as payment by the acquiring Company for the previously announced sale of Enviro-Energy Corporation's partially owned subsidiary, Environmental Reclamation Inc. With the completion of this sale and the 100% dividend distribution of the shares received as payment, Enviro-Energy Corporation is now positioned to actively grow its primary business of proprietary anaerobic digester systems for reducing all biomass, with emphasis on animal wastes, to profitable by-products and renewable energy (see enviro-energycorp.com website).
The full line of proprietary anaerobic digester systems will use the same platform as Enviro-Energy's other successful subsidiary in a related industry. The Company's previously announced `02 revenue and earnings of approximately $16,000,000 with over $1,000,000 profit supports the estimated 100% revenue growth to over $30,000,000 for `03. ENGY will focus on our anaerobic digester systems as the only profitable solution, through renewable energy, to the Federal and State animal wastes cleanup mandates.
The dividend effective date with all pertinent distribution information will be announced as soon as available.
CONTACT:
Enviro-Energy Corporation
Thomas Bowers, 509/252-5850
www.enviro-energycorp.com
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