SOURCE: Energy and Asset Technology, Inc.

July 05, 2005 08:00 ET

Energy and Asset Technology, Inc.: Poised at the Forefront of a New Wave in Forestry

BOCA RATON, FL -- (MARKET WIRE) -- July 5, 2005 -- Energy and Asset Technology, Inc. (OTC: EGTY) sees a new future in the production time of trees around the world. In any industry, reduced production time is vitally important to revenues and profits. In the forestry industry, however, there has yet to be a way to dramatically increase the time frame that Mother Nature needs to grow timber. Until now, that is. At the present time, the worldwide average for growth time for lumber is between 30 to 50 years. By contrast, the genetically engineered trees of Global Cedar, a subsidiary of Energy and Asset Technology, require only 4 years for pulp or nursery use and 9 to 12 years for use in log homes and construction, spelling significant advantages both in revenue generation and profits.

This dramatic innovation in the forestry industry has not gone unnoticed. Georgia Pacific, long one of the most respected names in forestry products, has sold all its land holdings containing forests. How many other great forest product multinationals are trimming back and selling off vast holdings of forests as faster growing trees come to the market replacing the older longer growing trees? Clearly, the tremendous advantages of such rapidly growing trees signal great changes ahead for the industry.

The tremendous benefits of Energy and Asset Technology's new age lumber do not end there. The wood resists termites, fire and rot, and the Strength to Weight ratio of the lumber is one of the highest in the world. Being both lighter and stronger than virtually any other wood means tremendous savings in shipping alone. Just these reasons should cause the worldwide investment community to pay close attention to Energy and Asset Technology.

Energy and Asset Technology remains committed to developing and cultivating environmentally responsible products and business opportunities. While E & A continues to grow their tree division they also will be releasing updates on the developments in the energy saving technology, products soon to be released.

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