Geoexchange Technology Provider - Essential Innovations Technology Corp. (ESIV) - Announces the Appointment of Mr. Stephen Cleve
May 05 2008 - 9:30AM
PR Newswire (US)
BELLINGHAM, Wash., May 5 /PRNewswire-FirstCall/ -- Essential
Innovations Technology Corp. (OTC Bulletin Board: ESIV; FRANKFURT:
E6S) is pleased to announce that Mr. Stephen Clevett, President
& CEO of Optimira Energy Canada, Ltd. ("Optimira"), has
officially joined the ESIV Board of Directors. "With the inclusion
of Mr. Stephen Clevett to the ESIV Board of Directors, we continue
to make great strides towards our goal of attracting to the Company
external skills and guidance from individuals with powerful
credentials and proven industry prowess in their particular or
chosen fields of expertise. Mr. Clevett has extensive background in
the financing, structuring and operation requisites that apply to
traditional conventional ESCO projects. He now brings this skill
set to ESIV and gives our Company the benefit of an inherent
advantage when we enter into negotiations and ultimately look to
facilitate Geoexchange ESCO projects. Mr. Clevett's direct ESCO
experience combined with his business and finance background, makes
him a wonderful complement to the last Board addition we had made
in latter 2006, of Mr. Salvador Diaz-Verson, the former
President/CIO of AFLAC and founder of Miramar Securities a
registered broker/dealer in Atlanta, Georgia. Mr. Diaz-Verson had
initially brought to the ESIV Board of Directors a history of truly
top-level world-class finance and capital market knowledge, and
with the formal addition of Mr. Clevett now complete we are nearing
our final objective of having a totally independent, superlative
Board membership that can help our management team to enhance and
bring further credibility to our current and future business. Mr.
Clevett joining our team is representative of our successful
pursuit of specific endeavors that will help to enhance our Board
and ultimately that will help us to flourish and to achieve our
long-term growth plan for the Company," commented Jason McDiarmid,
President/CEO of ESIV. Said Stephen Clevett with regards to his
addition, "Jason McDiarmid and his team have done an incredible job
in positioning ESIV for growth. I have been particularly impressed
with the company's unique "one-stop shop" approach, as an ideal
methodology for geoexchange technology application that will help
to ensure successful, trouble free performance for ESCO project
opportunities that exist for ESIV as this 'line of attack' clearly
reduces technological uncertainty and concerns over geoexchange
system design and performance. Geoexchange technology is proven
through 20 plus years of successful implementation and is well
documented as exhibiting the lowest greenhouse gas emissions of all
"green" technologies available today. I am especially looking
forward to working with and learning from the great board members
who have guided this leading-edge company's inspiring resurgence
and to being involved with assisting management in furthering the
company's development of what the Environmental Protection Agency
and the U.S. Department of Energy recognize as the most
energy-efficient, environmentally clean, and cost effective
technology for space conditioning available today." Mr. Stephen
Clevett is an entrepreneurial leader with diverse financial,
managerial and operational expertise. During his career as a
high-level executive with a multitude of energy based companies and
financial institutions he has led multi-disciplinary teams on
complex infrastructure development, construction, start-up,
operations, and asset and risk management in firms ranging from
$5MM - $420MM in annual revenues, while having been involved in the
direct management of nearly $2 billion of structured asset-backed
financings during the course of his career. He has an MBA from the
Rutgers Graduate School of Management and he additionally possesses
a Bachelor of Engineering from Stevens Institute of Technology.
Essential Innovations Technology Corp. provides cutting-edge
Geoexchange solutions for residential, commercial and industrial
applications as both a manufacturer of proprietary geothermal heat
pump technology and as a Geoexchange energy service company. The
Company was incorporated in April 2001, and it has four wholly
owned subsidiaries located in British Columbia, Canada and in Hong
Kong, SAR, China. Geoexchange technology harnesses the earth's
clean, renewable thermal energy stored just below the surface or in
large bodies of water for purposes of heating, cooling, domestic
hot water and/or dehumidification. A Geoexchange system is used to
"exchange" the earth's natural heating and cooling properties
between a building and the ground. This non-combustion transfer of
energy is the source of performance and environmental superiority,
as Geoexchange systems need only a small amount of electrical
energy to then capture, move and concentrate a large amount of free
energy provided by the earth. For Investor Relations Inquiries
related to ESIV please contact: Allegiant Financial Group @ 1 866
669 8098 ESIV Direct Corporate Contact: Jason McDiarmid President
& CEO Tel: 360-392-3902 Fax: 360-733-3941
http://www.eitechcorp.com/ Forward-Looking Statements This news
release contains "forward-looking statements," as that term is
defined in Section 27A of the United States Securities Act of 1933
and Section 21E of the Securities Exchange Act of 1934. Statements
in this press release, which are not purely historical, are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Investors are cautioned that such forward-looking statements
involve risks and uncertainties. These statements include, but are
not limited to, statements that do not describe historical facts
and statements that include the word "believes," "anticipates,"
"expects," "plans," "intends," "designs," "projects" or similar
language, as well as statements regarding consumer or marketplace
acceptance of the Company's new or existing products; comments
concerning marketing and consumer acceptance of proprietary
products; the potential benefits of Essential Innovations'
products; initiatives undertaken by the Essential Innovations'
divisions; the Company's research, manufacturing and facilities
expansion programs; and the Company's growth, revenue, or projected
earnings; all such statements which may or may not occur in the
future. These forward-looking statements are made as of the date of
this news release, and Essential Innovations Technology Corp.
assumes no obligation to update the forward-looking statements, or
to update the reasons why actual results could differ from those
projected in the forward-looking statements. Although we believe
that the beliefs, plans, expectations and intentions contained in
this press release are reasonable, there can be no absolute
assurance that such belief, plans, expectations or intentions will
prove to be completely accurate. 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. DATASOURCE:
Essential Innovations Technology Corp. CONTACT: Investor Relations,
Allegiant Financial Group, 1-866-669-8098, for Essential
Innovations Technology Corp.; or ESIV Direct Corporate, Jason
McDiarmid, President & CEO of Essential Innovations Technology
Corp., +1-360-392-3902, Fax, +1-360-733-3941, Web site:
http://www.eitechcorp.com/
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