SOURCE: Energy & Engine Technology Corporation

October 04, 2005 13:41 ET

Energy & Engine Technology Corporation Announces Preliminary Third Quarter Sales Numbers

PLANO, TX -- (MARKET WIRE) -- October 4, 2005 -- Energy & Engine Technology Corporation (OTC BB: EENT), a leading developer of auxiliary power generators for the long haul trucking industry, today announced the following third quarter preliminary unaudited sales numbers from sales of its AXP 1000 product and sales of marine air conditioners for Anchor Manufacturing, Inc. For the third quarter, EENT had preliminary unaudited AXP sales of $228,270, representing 36 installations. Anchor's third quarter preliminary unaudited sales totaled approximately $211,315. Total third quarter sales for the Company are therefore preliminarily estimated at $439,585. Final unaudited third quarter numbers will be set forth in EENT's 10-QSB, which is scheduled to be filed with the Securities and Exchange Commission on or before November 14, 2005.

EENT is preliminarily projecting AXP 1000 sales for the month of October to be $190,230, which is based upon 20 installations at its Dallas Installation Facility and 10 third-party installations.

EENT's CEO, Will McAndrew, stated: "The progress in production and sales for our AXP 1000 product is extremely encouraging. In fact, we believe that the fourth quarter is going to be our best to date. Production schedules are currently at or above 15 units per week, and we aspire to reach production of 25 units per week by mid-November, pending ability to receive sufficient quantities of inventory in a timely manner. Sales have been exceptionally strong since the August truck show and we expect the trend to continue to increase in the fourth quarter. This is a very exciting time for EENT."

About EENT

EENT (http://www.eent.net), headquartered in Plano, Texas, develops and markets power generation products for the long haul trucking industry and heating and air conditioning systems for the long haul trucking and marine industries.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by EENT) contains statements that are "forward-looking," as defined in Section 21E of the Securities Exchange Act, such as statements relating to the future anticipated direction of the high technology and energy industries, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of EENT. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financial activities, domestic and global economic conditions, changes in federal or state tax laws and market competition factors. These and other factors, which could cause actual results to differ materially, are discussed in more detail in EENT's filings with the Securities and Exchange Commission. Projected revenues are based upon projected unit sales at historical average per unit sales prices. Average per unit sales prices may be affected by changes in the mix of purchasers between individual owner operators and fleets/dealers.

Contact Information

  • Contact:
    Energy & Engine Technology Corporation, Plano
    Will McAndrew
    972-732-6360
    www.eent.net