SOURCE: Energy and Asset Technology, Inc.

June 28, 2005 08:00 ET

Chew on This: Energy and Asset Technology Gives Termites the Brush-Off

BOCA RATON, FL -- (MARKET WIRE) -- June 28, 2005 -- Energy and Asset Technology (OTC: EGTY) introduces the termite- and rot-resistant Paulownia tree to the greater forestry industry. The tree and its lumber are naturally resistant both to rot and to insects. In fact, when felled in the forest, the tree will not rot unless it comes into direct contact with a contaminating substance. Energy and Asset Technology currently has twenty-seven varieties of this fast growing, high-quality hardwood tree.

The benefits of the Paulownia tree have been known in Asia for nearly one thousand years. Presently, Japan remains the largest consumer of the timber, and since the 1970s they have been unable to grow sufficient amounts to meet their high demand. Those in the West are only recently discovering some of the many benefits of this exceptional tree. The tree is extremely fast growing, reaching heights of ten feet or even higher in the first year alone. The wood is very lightweight and strong, lighter than Poplar and over twice as strong as Balsa. Its resistance to termites and rot makes it a superb construction material, particularly in regions where humidity and termites are issues, and its beautiful blond color makes it an excellent material for outdoor furniture. The most common woods used for outdoor furniture, Teak and Western Red Cedar, are chosen for their resistance to insects and rot, precisely the same properties that Paulownia shares, but at a fraction of the cost.

Energy and Asset Technology, Inc. is a venture capital group with an overarching vision to combine environmentally responsible business practices and products with exciting and profitable ventures in order to both increase shareholder value and to be responsible citizens of the global business community. The company's interests currently include timber forests assets, furniture production, and development funds. They continue to cultivate new revenue opportunities through acquisitions and investment. The company is already on strong financial footing. Based on current resources and agreements, EGTY projects revenues of $140 million with an approximate profit margin of 40% for each 9-year cycle.

The information contained herein is based on sources we believe to be reliable, but there is no guarantee that it is accurate or all-inclusive. It is not to be construed as an offer or the solicitation of an offer to buy or sell the securities mentioned herein. The opinions reflect the judgment of the author at this date and are subject to change without notice. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes" or statements indicating certain actions "may," "could" or "might" occur.

Contact Information

  • Energy and Asset Technology, Inc.
    George McMillan
    U.S.: 561 620 4949
    Australia: 617 5570 4500