SOURCE: Energy and Asset Technology, Inc.

July 13, 2005 09:30 ET

Energy and Asset Technology Cultivates a Bumper Crop of Big Names

BOCA RATON, FL -- (MARKET WIRE) -- July 13, 2005 -- Energy and Asset Technology, (OTC: EGTY). Some big names are beginning to discover the Paulownia tree and its exceptional properties. Such luminaries as Dustin Hoffman, Halle Berry, Tim Robbins, Robin Williams, Leonardo DiCaprio, Orlando Bloom, Adrian Brody, Mike Myers and others have been exposed to these trees. At this year's Oscars, 188 certificates for environmental gift baskets were distributed to all the stars and presenters. This type of exposure is irreplaceable, and it seems to be simply a matter of time before the Hollywood set understands the environmental benefits of replacing conventional forestry techniques with tree farming of such trees as the Paulownia.

Energy and Asset Technology is ready to stand the forestry industry on its ear. The company is currently aggressively developing and marketing a genetically engineered variety of the Paulownia tree for worldwide distribution. The benefits of the tree and its timber have long been known in Asia and are just now being discovered in the west. The tree and its lumber are fire, rot and termite resistant, the wood has one of the highest Strength-to-Weight ratios of any wood, and it is the fastest growing hardwood in the world.

The tree has already seen its share of big name proponents. Former President Jimmy Carter is himself a grower of the Paulownia, and has even crafted furniture from the tree with his own hands in his Georgia workshop. He has auctioned these items in order to help raise money for the Carter Center, a non-profit NGO dedicated to promoting democracy and preventing disease worldwide. The trees are grown on his family farm in Plains, GA.

According to Blake Sullivan, a registered forester, owner of Sullivan Forestry Consultants in Americus, and forestry consultant for Carter Farms, Inc., the former President's love affair with the tree began some years ago. Sullivan recounts, "One time someone gave him a handmade wooden bowl made of Paulownia. He loved that bowl, so he decided we should plant some of the trees. So we planted two acres..." While Carter is among a small group of Paulownia growers presently in the U.S., it seems that it is only a matter of time before the rest of the industry realizes what tremendous potential exists for growing this fast-growing, high-quality tree.

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