SOURCE: Energy and Asset Technology, Inc.

May 18, 2005 10:18 ET

Persistent Profit Machine: Timber. Energy and Asset Technology, Inc.

BOCA RATON, FL -- (MARKET WIRE) -- May 18, 2005 -- Energy and Asset Technology, Inc. (OTC: EGTY) Ian Powrie, CEO, stated, "With the already announced revenues of $140 Million, Energy and Asset Technology Inc. looks to a very successful future."

Energy and Asset Technology, Inc. believes the future of the timber industry is a tremendous profit machine. In the Business Week issue of Feb. 28, 2005, on page 89, "The industry's profits grew 136% last year... Lumber prices in 2004 were up 17% compared with the previous year." Lumber continues to be a leader in the asset field of investment for Energy and Asset Technology, Inc.

In FORTUNE magazine (November 15, 2004) Jeremy Grantham, founder of GMO, one of the most successful pension fund managers in the world, with a current pension fund of $70 Billion and clients such as ExxonMobil, the World Bank, Verizon, International Paper, the Ivy League Universities and over 800 institutions with over 500 individual clients who can only get in with a minimum of $5 Million, continues to rate timber one of the best assets for investment.

More information on new acquisitions and revenues will show the development of a growing company.

The information contained herein is based on sources we believe to be reliable, but there is no guarantee that it is accurate or all-inclusive. It is not to be construed as an offer or the solicitation of an offer to buy or sell the securities mentioned herein. The opinions reflect the judgment of the author at this date and are subject to change without notice. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes" or statements indicating certain actions "may," "could" or "might" occur.

Contact Information

  • Energy and Asset Technology, Inc.
    George McMillan
    US: 561 620 4949
    Australia: 617 5570 4500