SOURCE: Encore Energy Systems

February 20, 2009 12:42 ET

Encore Energy Systems Reiterates Record Date for Cash Distributions From Patent Royalties Set for 4PM EST 20 February 2009

OXFORD, MS--(Marketwire - February 20, 2009) - Encore Energy Systems (PINKSHEETS: ENCS) announced today that at 4PM EST today it will establish the record date for its stockholder escrow account and cash dividend.

All stockholders of record at 4PM EST, 20 February 2009 will be entitled to yearly dividends, pro rata, from all royalties received under the Company's current patent license agreements.

All royalty revenue received from these projects will be direct-deposited, in full, to a Shareholder Escrow Account. The dividend will be distributed to all record-date stockholders on an annual basis, pro rata.

The Company was granted a worldwide license for its geothermal patents. Regular payments and commissions are due alongside regular reports on progress as follows: 2% of Net Sales plus a Yearly Payment after a 2-year grace period of $20,000, $40,000, and $60,000 in years 1 through 3 respectively. The minimum payment per year after Year 3 is $100,000.

Investors can expect timely updates on the following:

--  New agreements for the sales and distribution of bio-fuel feedstocks
    
--  New agreements and joint ventures with existing bio-fuel facilities
    operating under capacity
    
--  Full details and instructions for DeMarco/EGVI stockholders to receive
    the Preferred Stock dividend and dedicated web page
    
--  Details on the Company's Combined Heat and Power generation programs
    (CHP)
    
--  Partnerships and Executive Management agreements for the Company's
    business development and marketing programs
    
--  New web sites, corporate image, and published business plans
    
--  Published financial reports on the combined entities no later than 1
    March 2009
    
--  Guidance on 2008 performance and Revenue and Debt elimination to be
    released before financial reports
    
--  Financial projections regarding both revenues and asset growth through
    the company's planned acquisitions
    
--  New LOIs and planned acquisitions of various biofuel production
    facilities
    

About Encore Energy and BioConversions

ENCS is an international aggregator bio-diesel reactor technology, fuel distribution, production systems and fuel production facilities.

The Company also 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 our video at http://www.encoreenergyinc.com. The Company licenses its patented technology to other energy-related businesses.

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 Information

  • Investor Relations:
    Contact:
    Encore Energy Systems, Inc.
    Email Contact
    1.662.253.5766