SOURCE: Efficiency Technologies, Inc. (EffTec)

December 12, 2007 13:37 ET

Colonial First State Property Management Signs $500,000.00 Contract to Roll Out EffTrack™ With Airmaster Australia Pty Ltd, an EffTec Australia Licensed Partner

TULSA, OK--(Marketwire - December 12, 2007) - Efficiency Technologies, Inc., (EffTec), a wholly owned subsidiary of EffTec International, Inc. (PINKSHEETS: EFFI), announced that Airmaster Australia Pty Ltd, an EffTec Australia Licensed Partner, has signed a $500,000 contract to roll out EffTrack web based chiller monitoring and energy efficiency software with Colonial First State Property Management, with over $8 Billion dollars of prime retail assets under management. The project involves 14 of Colonial's 37 sites and a total of 33 chillers. Scope to expand the program to the remaining 23 shopping centers is likely with the release of the EffTrack reciprocating and air cooled chiller version expected to be released in the 4th quarter 2007.

Colonial First State Property Management places very high Importance on sustainable practices in operating its high profile retail portfolio. EffTrack™ will give Colonial First State the ability to not only reduce their overall chiller plant running costs by an estimated 15% but will also ensure a nationwide reduction in CO2 emissions by over 5,600,000 Kilograms (12,320,000 pounds) per annum.

About Airmaster Australia

Airmaster Australia Pty Ltd is a $50M diversified technical services company and provides leading edge professional services in air conditioning, ventilation, heating, industrial & process cooling and building automation throughout Australia & South East Asia. Airmaster recognized the significance of the EffTrack™ system and how it could benefit its customers and immediately signed as an EffTec Australia Partner in June of 2007.

"Airmaster is constantly searching the globe for innovative technologies which add value for our clients and thus to our service provision. We continually introduce products which improve performance, efficiency, productivity and therefore total cost of operation Our approach to continuous improvement ensures that our customers' sites are not only well maintained but also benefit from new technologies that are able to be retrofitted in the field. This has the effect of extending the economic life of plant and equipment well beyond considered norms." Noel Courtney -- CEO Airmaster Australia

For more information on Airmaster Australia please visit www.airmaster.com.au.

About Efficiency Technologies, Inc.

Chillers are the single largest energy consumer in most facilities and can use up to 40% of a facility's electrical usage. Chillers can waste up to 30% in additional energy through inefficiency. A 15% chiller energy savings could equal a 6% reduction of the energy bill. EffTrack collects accurate hourly chiller operating data, performs complex engineering analysis and trends chiller performance. It diagnoses the causes of inefficiencies, notifies plant operators and facility managers when problems occur and recommends corrective actions. By following the recommendations for improvements, the facility can significantly lower the chiller and plant energy consumption. These savings are identified and measured in the EffTrack reports, which can be accessed from any computer with Internet access. EffTec is an ENERGY STAR Partner and a U.S. Green Building Council Member.

For more information please visit www.efftec.com or www.efftec.com.au.

EFFI is an energy resource-based holding company located in Tulsa, Oklahoma.

Forward-looking statements in this release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks, and uncertainties and actual results could differ from those discussed. This material is information only and is not an offer or solicitation to buy or sell the securities.