VANCOUVER, Aug. 25 /CNW/ - Free Energy International Inc.
(the "Free Energy" and/or the "Company")(TSXV:
FFX) today announced the Company has entered into a
distribution agreement with Pacific Applied Systems (Pacific System).
The distribution agreement encompasses the sale and distribution of the
Company's Snow Melt Geo Thermal Heating Product (Thermal Heating
Product). Pacific System is an affiliate of HVAC Systems and Solutions
In conjunction with the distribution agreement, Pacific System has made
an initial order of two hundred (200) snow melt rods which will be
incorporated into the Company's Thermal Heating Product. The Company
anticipates revenue of approximately $50,000 on this initial order.
"The distribution agreement represents a significant step for the
Company in establishing a distributor of the Company's Snow Melt Geo
Thermal Heating Product" said Alf Sanderson, the Executive Chairman of
Free Energy. "Pacific System has targeted initial installs in Richmond &
Whistler B.C. as well as Colorado and Washington State."
"The distribution agreement and initial order are the first step in the
implementation of an aggressive sales and marketing program envisioned
by the Company" said Dean Bethune, Free Energy's President and CEO. "The
Company's business model is premised upon developing innovative products
utilizing proprietary technology then leveraging the distribution
networks of successful companies like HVAC.
The Snow Melt Geo Thermal system involves a series of L-shaped rods
containing the non-toxic super conducting material to be placed
vertically to a depth of 30 to 35 feet below the surface to tap into the
constant mild temperatures below and bring heat continuously to the
surface. The natural heat will protect a driveway or sidewalk from snow
and ice in temperatures down to minus 10 Centigrade.
About HVAC Systems & Solutions Ltd.
HVAC Systems & Solutions has been in operation since 1999, providing
innovative heating, ventilation, and air-conditioning solutions for
commercial, industrial and residential applications. The Company has
grown dramatically since its inception in 1999 and is currently the
exclusive agent for York Engineered Systems Group for British Columbia.
About Free Energy International Inc.
Free Energy International Inc. is a British Columbia corporation with
its head office in Vancouver, British Columbia. The Company is listed on
the TSX Venture Exchange as a Tier 2 company. The Company has a total of
13,102,526 common shares issued and outstanding, of which 7,056,000
shares are subject to escrow arrangements.
Additional information on Free Energy may be found on SEDAR at www.sedar.com
or the Company's website at www.freeenergysolutions.ca.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this
Forward-Looking Statements: Statements in this release that
are forward-looking statements are subject to various risks and
uncertainties concerning the specific factors disclosed and elsewhere in
the company's periodic filings with Canadian securities regulators. Such
information contained herein represents management's best judgment as of
the date hereof based on information currently available. The Company
does not assume the obligation to update any forward-looking statement.
SOURCE FREE ENERGY INTERNATIONAL INC.
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