SOURCE: EPOD International Inc.

December 09, 2005 12:42 ET

EPOD Announces Spin-Out of Subsidiary

RENO, NV -- (MARKET WIRE) -- December 9, 2005 -- EPOD International Inc. (OTC BB: EPOI) (Frankfurt: EDU.F), announces the company intends to spin-out its subsidiary, Enviromech Industries, LLC, and to terminate the company's listing on the Berlin Stock Exchange.

Effective December 12, 2005, EPOD will dividend 100% of the shares of Enviromech Industries, LLC to the shareholders of record of the company. EPOD management will file a registration statement with the U.S. Securities and Exchange Commission for the shares of Enviromech to list the shares of Enviromech on a U.S. exchange at the earliest possible date.

Additionally, management will terminate the company's Berlin Stock Exchange listing effective immediately. The listing was secured erroneously and with neither the knowledge nor consent of EPOD's management or Board of Directors.

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 OEM's and directly to end-users.

The Company's filings, including current financial reports, can be accessed through the EDGAR database at www.sec.gov.

Contact Information

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