SOURCE: EPOD International Inc.

November 28, 2005 09:30 ET

EPOD Announces New Financing

RENO, NV -- (MARKET WIRE) -- November 28, 2005 -- EPOD International Inc. (OTC BB: EPOI) (FRANKFURT: EDU.F) announces the Board of Directors has approved up to US$1 million in convertible debt financing.

EPOD management, directors, and shareholders have committed US$500,000 of the US$1 million convertible debt funding with the balance expected to come from outside investors. The financing will be convertible into EPOD common shares at US$1.40 per share for a period of two (2) years and will include a share purchase warrant exercisable at US$2.00 per share for two (2) years. The financing will be used for working capital, general operating expenses, and capital projects including expansion of the company's German plant.

L. Mark Roseborough
President
EPOD International Inc.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Statements about EPOD's future expectations, including future revenue, earnings, and transactions, as well as all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. EPOD intends that such forward-looking statements be subject to the safe harbors created thereby. These statements involve risks and uncertainties that are detailed from time to time in the Company's filings with the Securities and Exchange Commission, including, but not limited to, the Company's 10-KSB for year ended December 31, 2004, filed on or about March 30, 2005, and incorporated herein by reference.

About EPOD: EPOD International Inc. is a leader in the development of advanced energy management technologies with real-world market applications. The Company's patent-pending 'Energy Pod' technology manages and manipulates electrical energy such that utilization of DC-electric battery power becomes significantly more efficient. EPOD's patent-pending and proprietary technologies are applicable to a wide variety of industries and applications, and are available through licensed OEMs and directly to end-users.

Contact Information

  • For more information please contact:
    Brett Walker
    Telephone: (604) 669-0600
    Fax: (604) 662-4929