Monday July 26, 8:32 am Eastern Time
Company Press Release
CONECTISYS CORP. Announces Delivery of Its H.NET Boards.
LOS ANGELES--(BUSINESS WIRE)--JULY 26, 1999--Robert Spigno, CEO of CONECTISYS CORP. (OTC BB :CNES - news), is Pleased to Announce That the Company has Received Its New H.NET Boards Back From Its Manufacturer.
CONECTISYS CORP. , now in the final assembly, debugging and testing phase of these H.NET boards, will soon announce the deployment date of its new state of the art H.NET network.
This timely deployment coincides with the already heated utility deregulation revolution currently taking place in the United States. Industry analysts at the Washington D.C. based Cato Institute indicate that the landscape of the multi-billion dollar electricity market is expected to change dramatically over the next several years. Customers will or already are able to choose their electricity providers, consequently putting pressure on existing electricity rates and services providers, relates J.D. Edwards & Co. (NASDAQ:JDEC - news) in a June 21, 1999 press release.
CONECTISYS' state of the art wireless meter reading capabilities are so cutting edge and cost efficient that once its H.NET network is deployed, all other existing and less economic telemetric technologies shall be obsolete. Immediately upon deployment, conectisys corp. anticipates receiving significant orders from household name Energy Service Providers with whom the company already has relationships. The company has already received several serious inquiries from ESP and industry leaders nationwide.
Furthermore, upon network deployment, CONECTISYS CORP. will immediately implement its aggressive marketing plan aimed at the $ 100 billion market domestically. The company intends to capture 10% of all utility meters in California and 1% of the 125 million meters nationally over the next 5 years. The company also intends to tap into the sizeable international market. In June of this year, for example, Schlumberger Resource Management (with whom CONECTISYS CORP. has a relationship), won a contract with Gaz de France (GDF) for the supply of 20,000 gas meters equipped with radio communication modules.
Also, while in the midst of the eminent deployment of its H.NET network, CONECTISYS CORP was solicited by several reputable and high profile financing and industry groups and individuals. The company has not yet reviewed any of the preliminary solicitations that were presented as it is utilizing its valuable time to focus on the successful deployment of this H.Net Network.
To cite just a few events paving the path of this utility deregulation revolution, AmerenUE (NYSE:AEE - news), a residential St Louis energy services provider serving 1.5 million electric and 300,000 natural gas customers, recently installed its 1 millionth meter of a meter reading network. Thomas Voss of AmerenUE states: ''The benefits of the network to our customers and to AmerenUE have been tremendous. With this technology and information system we have nearly eliminated estimated bills, improved our responsiveness to outages and eliminated the intrusiveness of manual reading''. Heading west, Southern California Edison (an Edison International company, NYSE:EIX), serving more than 11 million people, recently signed an Automated Meter Reading service agreement with Itron Inc, (NASDAQ:ITRI - news), a respected leader and global provider of integrated system solutions, for 350,000 residential and small commercial customers. Pam Bass of Southern California Edison states: ''Our expectation is that this technological strategy will yield substantial savings and improvements in service''. (Hambrecht & Quist analyst Joseph Arsenio, issued a 4 page report on that development March 9, 1999).
The use for wireless meter reading technology is endless; any applications you need read or monitored 24 hours a day 365 days a year can be served. The technology can aid as a crime fighter for example. Recently the Burlingame Police Department was alerted via wireless network of tampering with parking meters and unauthorized coin vault entry. These alerts resulted in arrests. Prior to this telemetric network installation, the city of Burlingame suffered losses of $60,000. Since its installation, no losses have been reported. Applications such as these create another substantial dynamic market for wireless meter reading companies. More than $1 billion in annual revenue is generated by more than 2 million meters nationwide.
Additionally, the utility revolution is described in a 72 page report recently made available by the Wall Street Transcript www.twst.com, (a premier weekly investments publication interviewing market professionals for serious investors for over 35 years). This report offers an excellent current review for analysts, investors and companies and was issued by Donaldson, Lufkin & Jenrette Electric Power Conference. More than 16 CEO/CFO's from the following industry leaders were interviewed: Calpine Corporation (NYSE:CPN - news), Cinergy Corp. (NYSE:CIN - news), DQE, Inc. (NYSE:DQE - news), Duke Energy (NYSE:DUK - news), Western resources Inc.(NYSE:WR - news), The AES Corporation (NYSE:AES - news), Avista Corporation (NYSE:AVA - news), BEC Energy (NYSE:BSE - news), Consolidated Edison (NYSE:ED - news), First Energy Corporation (NYSE:FE - news), MidAmerican Energy Holdings (NYSE:MEC - news), Niagara Mohawk Power Corp. (NYSE:NMK - news), Northeast Utilities (NYSE:NU - news), PP&L Resources,Inc. (NYSE:PPL - news), Trigen Energy Corp. (NYSE:TGN - news), and UtiliCorp. United, Inc. (NYSE:UCU - news).
CONECTISYS CORP is eminently emerging as the nation's one stop energy shop with the combination of its telemetric technology, H.NET network and its E Commerce Subsidiary (e.Energyservice.com) website. The company's superior product is by far the most precise and cost efficient and shall render all other telemetric technologies obsolete.
This press release may contain forward-looking statements. No explicit or implicit promises are intended herein. Any investment in these designated securities should be considered highly speculative. The company recommends that any prospective investors consult with his investment advisor or broker prior to investing in the Company's securities. This press release is not intended as a general solicitation for an offer nor an offer to sell securities.
--------------------------------------------------------------------------------
Contact:
|
