November 01, 2005 12:26 ET

Energy & Engine Technology Corporation Announces Preliminary October Sales Results Exceeding Expectations

PLANO, TX -- (MARKET WIRE) -- November 1, 2005 -- Energy & Engine Technology Corporation (OTC BB: EENT), a leading developer of auxiliary power generators for the long haul trucking industry, today announced that it has exceeded its goal of 30 sales of AXP 1000 units for the month of October 2005 (as stated in the Company's October 4, 2005 press release). According to the preliminary numbers from EENT's internal sales team, 32 units were sold in the month of October, 2005. EENT determines that a unit is "sold" when the customer has indicated a firm commitment to purchase, financing has been approved (or the customer has agreed to pay in cash upon delivery) and the unit is scheduled for delivery (of the 32, 27 have been delivered and five are scheduled to be delivered between now and December 1). There are also another nine units, for which the customer has indicated a firm commitment to purchase, and has either agreed to pay cash or for which financing has been approved, and the sale is merely pending scheduling of delivery.

EENT's CEO, Will McAndrew, stated: "Our success in October has been even greater than expected. We have managed to beat our sales goal and to keep up production despite the fact that our facility in Pompano Beach was down for a couple of weeks due to Hurricane Wilma. We hope to be able to achieve similar sales results in November and December, although production may be temporarily slowed due to continued closure of several of our AXP inventory suppliers in South Florida, and there may be scheduling slow downs due to customer availability to take delivery of units during the Holiday Season. I am very excited by our success and looking forward to a dynamic first quarter in 2006."

About EENT

EENT (, headquartered in Plano, Texas, develops and markets power generation products for the long haul trucking industry and heating and air conditioning systems for the long haul trucking and marine industries.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by EENT) contains statements that are "forward-looking," as defined in Section 21E of the Securities Exchange Act, such as statements relating to the future anticipated direction of the high technology and energy industries, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of EENT. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financial activities, domestic and global economic conditions, changes in federal or state tax laws and market competition factors. These and other factors, which could cause actual results to differ materially, are discussed in more detail in EENT's filings with the Securities and Exchange Commission. Projected revenues are based upon projected unit sales at historical average per unit sales prices. Average per unit sales prices may be affected by changes in the mix of purchasers between individual owner operators and fleets/dealers. Preliminary numbers may change upon verification by internal accounting procedures.

Contact Information

  • Contact:
    Energy & Engine Technology Corporation, Plano
    Will McAndrew