Thermal Energy International Inc.
TSX VENTURE : TMG

Thermal Energy International Inc.

October 25, 2005 14:30 ET

Thermal Energy Receives Statement of Claim from Thomas V. Hinke

OTTAWA, ONTARIO--(CCNMatthews - Oct. 25, 2005) - Thermal Energy International Inc. (TSX VENTURE:TMG) (www.thermalenergy.com) wishes to advise shareholders that the Company has been served with a statement of claim for $2.3 million filed by former employee Thomas V. Hinke.

The Company is confident the claim is frivolous and without merit, and it will be defended vigorously. The claim by Mr. Hinke will be addressed in due course by way of a serious and detailed counterclaim in excess of the $2.5 million claim the Company intended to file, as announced on October 20, 2005. The Company is very confident in the merits of its forthcoming counterclaim.

"We certainly will not let this matter be a distraction to the Company and its day-to-day business activities," said Tim Angus, President and CEO of Thermal Energy. "Our primary focus continues to be maximizing business opportunities for the benefit of all our shareholders."

About Thermal Energy

Thermal Energy (TSX-V: TMG) (www.thermalenergy.com) is an environmental and energy technology company established in 1986. Headquartered in Ottawa, Canada, TMG is a designer, developer, fabricator, and supplier of proprietary and patented environmental compliance (air) and energy conservation, renewable energy products and technology solutions. Thermal Energy is a fully accredited professional engineering firm, and offers advanced process and applications engineering services. FLU-ACE® and THERMALONOx™ are trademarks of Thermal Energy.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

Contact Information

  • Thermal Energy International Inc.
    Stuart McCarthy
    Investor Relations and Communications
    (613) 762-4321 (cell)