SOURCE: Essential Innovations Technology Corp.

Essential Innovations Technology Corp.

January 29, 2014 09:00 ET

Essential Innovations Technology -- Corporate Update From the CEO

HONG KONG, CHINA--(Marketwired - Jan 29, 2014) - Essential Innovations Technology Corp. (OTCBB: ESIV) is truly pleased to provide this corporate update pertaining to the efforts of the organization to endeavor to successfully expand its business operations in 2014.

Jason McDiarmid, President/CEO, stated, "The Company is taking considerable strides towards achieving its corporate objectives and initiatives for 2014. As previously announced in 2013, we secured exclusive distribution rights from a globally recognized HVAC equipment manufacturer specializing in geothermal and water source heat pump production, to its entire product line for certain countries in the Asian and Mid-East markets. The end of fiscal 2013 saw the Company secure equity financing that now allows 2014 to begin with the facilitation by the Company of necessary preparatory efforts that can effectively support the undertaking of aggressive sales and project consulting initiatives throughout Asia and the Middle East during the year ahead, for our exclusively represented equipment line and our other proprietary green technology and water treatment solutions. 

Recent Independent studies have stated that global demand for HVAC equipment is projected to rise to $107 billion by 2016, with the greatest incidence of energy efficient HVAC equipment expansion to be seen in Asia-Pacific, which will account for 55 percent of the world market by 2020, and with heat pumps remaining the fastest growing type of technology in the sector. As a Company, we are focused on this vast opportunity that exists for the sale and deployment of heat pump technology in these particular target market areas.

During 2014 we plan to exhibit and conduct training seminars at some of the largest renewable energy and environmental technology conferences in the Asia-Pacific and Mid-East regions in an effort to promote our heat pump equipment and Water treatment solutions and to enhance and expedite our efforts at market penetration. In such regards, we have been formally invited and scheduled to conduct a comprehensive seminar on geothermal heat pump technology at the largest annual green development and HVAC conference in India during Q1 Calendar 2014.

As this year starts anew, we remain ever confident in the strategic decisions we have made to focus the vast majority of our business directives towards Asia and the Middle East over the coming years. It is in these parts of the World that we believe our greatest opportunity for sustained and systematic long-term growth and prosperity will exist for our business enterprise and our shareholder base." 

About the Company

Essential Innovations is driven to provide cutting-edge environmental solutions for the betterment of energy, water and air. The Company is recognized around the World as a leader in the utilization of comprehensive, customized, renewable energy and environmental solutions with particular emphasis towards the application of water source and/or geothermal heat pump technology, and unique water treatment solutions. The Company has the resources and direct relationships in place globally to take projects of solar, wind, geothermal, waste and bio-fuel sources, water treatment/purification or desalination of most any size and scope from vision to reality. 

Forward-Looking Statements

This news release contains "forward-looking statements," as defined within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements, which are not purely historical, regarding beliefs, plans, expectations or intentions (such as those relating to future business, future results of operations or financial condition, new or planned features or services, or management strategies). You can identify these forward-looking statements by words such as "may," "will," "would," "should," "could," "expect," "anticipate," "believe," "estimate," "intend," "plan" and/or any other such similar expressions. The Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results could differ from those presented. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our periodic reports filed from time to time with the Securities and Exchange Commission.

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