SOURCE: Environmental Infrastructure Holdings Corp.

March 09, 2011 10:26 ET

Equisol Signs Letter of Intent to Acquire Tower Turbines, Inc.

WEST CONSHOHOCKEN, PA--(Marketwire - March 9, 2011) - Equisol LLC, a wholly-owned subsidiary of Environmental Infrastructure Holdings (OTCBB: EIHC), which is the parent company of various environmental manufacturing, engineering and services companies, announced that it signed a letter of intent to purchase 100% of the stock of Tower Turbines, Inc. 

Tower Turbines is focused on providing renewable, green power generation by developing and commercializing patentable processes using currently available technologies to capture energy from water flow in existing and new water towers. Their target market initially consists of 1750 water towers with an anticipated revenue generation of $250,000 per tower per year.

Kurt Given, Equisol's CEO, states, "We look forward to applying Equisol's service and installation expertise and capabilities to accelerate Tower Turbine's technologies commercialization plans and allow us to enter the renewable energy market."

The transaction is planned to close by June 1st once required funding is completed.

About Environmental Infrastructure Holdings Corp.
Environmental Infrastructure Holdings (EIHC) is the parent company of diverse environmental manufacturing, engineering and services companies. Currently, EIHC has two subsidiaries Equisol, LLC and Xiom Corp. as well as investments in various joint ventures and partnerships.

Recognized in 2008 by INC Magazine as the 7th fastest growing private environmental services company in America, Equisol, LLC, is a unique equipment solutions provider specializing in the water and wastewater industry. Its team of top-rated engineers specializes in automation equipment and services across multiple industries where water use and automation are important. 

Xiom Corp. is a technology company focused on the delivery of plastic powder coatings at on-site locations utilizing its proprietary XIOM 1000 System. The Company's unique coating process can be applied without use of an oven to cure the coating, and can be applied to most substrates in addition to the metal substrate to which powder coatings are traditionally applied in a factory.

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