HLT Energies 2006 inc.

HLT Energies 2006 inc.

June 07, 2006 09:54 ET

HLT Energies '2006' Inc.: Update on Beginning of Operations

MONTREAL, QUEBEC--(CCNMatthews - June 7, 2006) - Since the closing of its last financing for $ 1.6 Million on April 17th 2006, HLT Energies (TSX VENTURE:HES) has signed a new energy sales agreement with a retirement home that will translate into annual revenues estimated at $ 10,600.00 for the next twenty years. This is to be added to the annual revenues of $ 52,000.00 from the 10 year agreement with the Office Municipal d Habitation de Montreal. Those power plants will require the installation of more than 400 solar energy collectors.

Furthermore, the company has initiated discussions with fourteen new potential clients, all in multi residential, commercial and industrial sectors for the installation of approximately 5,500 collectors.These same clients have also indicated that if satisfied by these first services of HLT, they jointly offer a potential for a further 46,000 collectors.

HLT is also having discussions with European companies to offer the same services on the European continent through partnerships agreements.

Over the next few months, management will dedicate itself in adding to the company's client base while installing the needed collectors for its existing contracts.

HLT Energies sells solar thermal energy to heat water at lower rates than those incurred from more traditional energy sources. This clean energy usually replaces natural gas and electricity.The latter sells at approximate rates of .065 cents, .13 cents and .24 cents per kw-hour in Quebec, Ontario and the New England states including New York respectively.

Consequently, multi residential, commercial and industrial clients can benefit from remarkable savings without incurring capital costs as HLT assumes them. In fact, the company generally remains owner of its patented thermal solar collectors which provide an efficiency level higher than other thermal collectors currently offered on the marketplace.

The company will therefore benefit from recurrent monthly revenues, known in advance for many years to come due to its energy sales agreements of more than ten years with escalatory clauses.

Contact Information

  • HLT Energies 2006 inc.
    Eric Leboeuf
    Shareholder relations
    (514) 341-0408
    HLT Energies 2006 inc.
    Andre Audet
    (514) 284-1004