Published:
Encore Energy Systems Announces Stockholder Cash Dividend and Royalty Distribution Plan
OXFORD, Miss., June 26 /PRNewswire-FirstCall/ -- Encore Energy Systems
(Pink Sheets: ENCS) announced today its plan to pay cash dividends to
stockholders as part of its efforts to provide equity growth.
As previously announced, the Company executed various royalty-based
License Agreements for its geothermal technology. All revenue received from
these Agreements will be direct-deposited, in full, to a Shareholder Escrow
Account. The cash will be distributed to all record-date stockholders on an
annual basis, pro rata.
Prospective stockholders who purchase shares after the record-date are not
eligible for this dividend. They will qualify, alongside all stockholders,
for dividends arising from future technology license agreements. The
record-date, with all details of the cash-dividend plan and royalty schedule
details will be released soon.
As part of it new growth initiatives, the company expects to announce
significant additions to its technologies, products and industry initiatives.
These include: new technology and product solutions in the areas of power
co-generation, new corporate awareness and image branding, and new alliances
and marketing to tap the growing power generation and displacement industry.
These new strategies allow the company to access high-margin, high-margin
projects in vertical design and installation of power generation and
conservation installations.
All new technologies will be similarly treated with stockholder
cash-dividend escrow plans. Revenue generated from other sources will be
allocated when practicable for stockholder distribution.
The Company is presently in late-stage negotiations on new and broader
license agreements and anticipates releasing details soon.
The Company's strategy is to provide stockholders a positive equity growth
path removed from the influences of stock market volatility and operational
performance. The Company believes the direct distribution of royalty and
technology proceeds to stockholders congruent with this goal.
About Encore Energy
Encore Energy provides energy-saving solutions to residential and
commercial customers through design and installation of climate control
systems using the company's proprietary products and designs.
Encore Energy owns the patents for the use of grey-water, and domestic
water in heat exchanger systems. They also provide all forms of conventional
geothermal heat exchange systems. See video at http://www.encoreenergyinc.com.
Safe-Harbor Statement
This press release contains statements (such as projections regarding
future performance) that are forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Actual results may differ
materially from those projected as a result of certain risks and
uncertainties. The company's web-site version of this press release contains
various RISK FACTORS (and are incorporated herein by reference) and should be
read before any investment decision.
Contact: Encore Energy Systems, Inc.
Investor Relations
1-888-234-0963
info@encoreenergyinc.com
SOURCE Encore Energy Systems
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