SOURCE: iKarma Inc.

April 23, 2006 18:40 ET

Green With iKarma: iKarma Founders Purchase Renewable Energy Credits to Offset 100% of Company's Electricity Use With Clean Wind Power

JUPITER, FL -- (MARKET WIRE) -- April 23, 2006 -- In honor of Earth Day, iKarma Inc. (OTC: IKMA), founders Paul Williams and Scott Pitchford have contracted with Renewable Choice Energy, Inc. to purchase renewable energy credits to offset energy use by iKarma.com. iKarma's CEO and President are proud to contribute so that iKarma can join Whole Foods Market®, Sprint, Johnson & Johnson and other fine companies who currently purchase energy credits to offset their use of fossil fuels.

"Because the social costs of using fossil fuel are not fully reflected in its price, corporations have been faced with the dilemma of choosing between energy that is good for profits but bad for people, and energy that is good for people but bad for profits," says Paul Williams, CEO of iKarma Inc. "This can be very frustrating to responsible corporations who often understand they are paying shareholders dividends from cheap energy, that will likely be taken back tenfold in the form of higher taxes to cover military spending to defend oil lines, and higher health care costs from political stress, pollution and smog."

"When we looked into the cost of wind energy credits for iKarma (http://iKarma.com) we discovered the cost difference between clean wind energy and traditional power was almost insignificant," says iKarma President Scott Pitchford. "We decided that the easiest way to fulfill both our corporate and social responsibilities was for Paul and I to purchase the wind credits personally for the corporation we direct. We encourage all corporate officers, and shareholders, to join us in giving back a small percent of the financial gains we've all made from cheap but dirty energy. By taking some personal responsibility for this problem, we can achieve far greater returns for ourselves and for society as a whole."

Clean Wind Energy

The process by which the wind is turned into mechanical power or electricity is called "wind energy" or "wind power." Wind turbines are used to convert the wind's energy into mechanical power. That mechanical power can then be used for specific tasks (such as pumping water), or converted by a generator into electricity that powers homes, businesses, schools, etc. Renewable Choice Energy Inc. is recognized as a leader in wind power development and marketing. The 3000 monthly kilowatt-hour credits purchased for iKarma are designed to avoid 48,000 pounds of carbon dioxide pollution. According to calculations by Renewable Choice Energy, this is roughly equivalent to not driving over 51,600 mile or not burning 25,200 pounds of coal. Businesses and individuals can learn more about clean energy choices by visiting http://www.renewablechoice.com

About iKarma Inc.

iKarma Inc. is a public company that trades on the Pink Sheets under the symbol IKMA. Based in Jupiter, Florida, iKarma Inc. specializes in providing reputation and customer feedback systems for businesses and professionals. iKarma's mission is to help create prosperity and commerce by bringing greater trust and openness to business transactions. iKarma is a proud member of WOMMA, The Word of Mouth Marketing Association.

iKarma, iKarma.com, eReputation and eReputation.com are all service marks owned by iKarma Inc.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, including the Company's expectations or beliefs concerning, among other things, future operating results and various components thereof. The Company cautions that such matters necessarily involve significant risks and uncertainties that could cause actual operating results and liquidity needs to differ materially from such statements, including, without limitation: (i) increased competition, (ii) changes in the demand for e-commerce and internet based businesses and (iii) changes in general economic conditions. Investors are advised to seek professional advice and conduct a complete due diligence regarding this, or any other company being considered for investment purposes. Investing in securities, particularly in issues priced at less than $1 per share, involves substantial risk and may result in a partial or complete loss of investment capital. Press releases issued by the company should not be interpreted as an offer to sell or a solicitation to buy company stock.

For general information about iKarma, visit http://www.iKarma.com.

iKarma Inc.
1203 Town Center Drive
Suite 212
Jupiter, Florida 33458
(561) 427-7285 Phone
(561) 427-7881 Fax

Contact Information

  • For further information, contact:
    Paul Williams
    CEO
    iKarma Inc.
    info@iKarma.com
    1.561.427.7285 Phone
    1.561.427.7881 Fax