SOURCE: Energy and Asset Technology, Inc.

July 11, 2005 09:30 ET

Energy and Asset Tech: Cultivating Assets With Possible Worth of $100 Million

BOCA RATON, FL -- (MARKET WIRE) -- July 11, 2005 -- Energy and Asset Technology Corporation (OTC: EGTY) is looking to grow, literally and figuratively. Currently, the company's interests include the following investments: furniture production, Pooled Development Funds, forestry assets, and automotive, accounting and insolvency services, all of which are aggressively being developed and marketed. The genetically engineered Paulownia tree is only one of the unique offerings from the company. The tree and its exceptional properties are only now being discovered and appreciated by the West for its unsurpassed agricultural upside potential.

The tree itself is resistant to insects and disease. Since it is genetically engineered and grown in a laboratory environment, the plantlets are sterile, disease free, and non-invasive when introduced into a new environment. The natural properties of the tree render it virtually immune to insect infestation, including termites. It is fire resistant, requiring ignition temperatures of approximately 400 degrees Fahrenheit. Paulownia is regarded as the fastest growing hardwood in the world, regularly achieving heights of 30 feet or more in just three years. Finally, the tree will regrow from the stump, allowing repeated harvests.

The timber produced from the tree has equally impressive characteristics. The wood has one of the highest Strength-to-Weight ratios of any wood in the world and it is almost impervious to warping and cracking. It is an excellent insulator, and is therefore a superb construction material, and its desirable blond color makes it highly sought after for fine furniture. In Japan, it is common for families to plant a Paulownia tree upon the birth of a daughter, and then make a wedding chest for her on the occasion of her marriage.

The potential profits capable of being derived from this singular agricultural product are astounding. According to one source, approximately 200 trees can be planted on a single acre of land, and once the mature tree is harvested (between 7-10 years) the crop can conservatively gross close to $100,000 per acre. The company has nursery facilities in New Zealand, and is investing into the planting of 100,000 mother trees capable of producing 200,000 infant plants per month. At the aforementioned price estimates, and based on the plant out farmlet projection, these infant trees, once mature and harvested, could ultimately produce a gross revenue of $100 million! Truly, Energy and Asset Technology is a genuine "growth" opportunity.

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
    US: 561 620 4949
    Australia: 617 5570 4500