SOURCE: Equipment and Systems Engineering, Inc.

March 07, 2006 08:00 ET

Equipment & Systems Engineering Sells Nearly 1,100 Alternative Fuel Conversion Systems in the Dominican Republic

The Dominican Market Could Comprise More Than 10% of EQSE's Revenue This Year

MIAMI, FL -- (MARKET WIRE) -- March 7, 2006 -- Equipment and Systems Engineering, Inc. (OTC: EQSE), an exclusive reseller of IMPCO and OMVL alternative fuels conversion systems, announced today that its Alternative Fuels Unit has sold and delivered 1,090 cylindrical LPG, or propane, tanks to its Dominican distributor AALPG Importadores, a provider of LPG products and services to various private and public sector clients in the Dominican Republic. The tanks ultimately will be used to convert 1,090 Dominican vehicles to operate on LPG rather than gasoline.

The Dominican government recently allocated nearly US$18 billion, or 7.5 percent of its total budget for 2006, to expenditures in the energy sector. This amount is nearly equivalent to the total budget allocation for education and more than the amount allocated to such ministries as tourism, foreign relations, sports, labor, youth, the environment, and justice combined.

Just six months ago, the head of the Dominican Republic's economic intelligence unit, Rodrigo Jaque, urged the government to identify and develop alternative energy sources to reduce the country's exposure to high oil prices; and according to a recent study conducted by the Propane Vehicle Council, the Dominican Republic ranks as one of the top five fastest-growing markets for LPG consumption in automobiles.

Driven largely by the rising costs of oil and government encouragement of alternative fuels, EQSE's market presence in the Dominican Republic is expanding rapidly. The company's management team projects that this market alone could account for more than 10 percent of EQSE's total revenues for 2006.

"Because it is non-toxic and produces considerably lower emissions, the consumption of LPG helps nations limit the environmental impact of increasing road traffic, and in many developing countries, LPG continues to establish itself as the most practical and cost-effective solution to protect local economies against the rising costs of oil," said Jose T. Masis, EQSE's CEO and founder. "As the exclusive reseller of the world's leading LPG conversion systems in many Latin American countries, EQSE is ideally positioned to profit from this renewed interest and awareness, propelling continued shareholder value as new markets are developed and increased sales are realized."

EQSE's Alternative Fuels Unit is the exclusive reseller of IMPCO and OMVL alternative fuels conversion systems in numerous countries throughout Latin America and the Caribbean; these systems convert gasoline driven engines to operate on gases such as natural gas (CNG) and propane (LPG).

About Equipment & Systems Engineering

Founded in 1986 as a provider of packaging and process machinery as well as related consulting services to the petroleum industry in Latin America and the Caribbean, Equipment & Systems Engineering, Inc. (OTC: EQSE) has expanded to become a leading manufacturer and supplier of a full line of on-site sodium hypochlorite generation systems under the brand name Aquachlor. For more information, please visit www.equipmentandsystems.com. EQSE Shareholders are encouraged to register on the "Shareholder Registration" page to receive ongoing company news updates.

Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements'' as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. Equipment & Systems Engineering disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to, risks associated with changes in general economic and business conditions, actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, and changes in our business strategies.

Contact Information

  • Investor Contact:
    Jesus Rodriguez
    305.776.4535