Energy & Engine Technology Corporation Displays AXP 1000 at the Great American Truck Show
PLANO, Texas, Sept. 30 -- Energy & Engine Technology Corporation (BULLETIN BOARD: EENT) (EENT) announced that it had extraordinary potential customer response from its participation in the Great American Truck Show, in Dallas, which occurred last weekend. The Show had an estimated attendance of 30,000 people from the trucking industry.
With its location at the America Trucking On the Road Magazine booth, EENT experienced high volume potential customer exposure for the AXP 1000 and made contact with several new potential distributors and installation facilities. The grand prize for the On the Road drawing was a free AXP 1000 unit, and several hundred people were present for the drawing. EENT has also advertised the AXP 1000 in On the Road, which according to its staff, has a circulation in excess of 80,000. EENT will again team up with On the Road at the Mid America Truck Show in March 2004 in Louisville, KY, which is touted to be the largest truck show in the world, with projected attendance of over 80,000 people.
EENT was also featured in Fleet Owner Magazine's September 2003 special industry report on anti-idling called "Turn Idle Time into Cash". This bi- annual report should reach Fleet Owner's estimated 103,000 circulation.
EENT is also pleased to announce that its 150 prepaid-for Lombardi engines have arrived at its sole contract manufacturing facility, BMZ Generators, in Pompano Beach, FL, in preparation for commencement of regular production. The engines are EPA approved and CARB (California Air Resource Board) certified.
About Energy & Engine Technology Corporation
EENT (www.eent.net ) is a Plano, Texas-based concern which, among other things, develops and markets auxiliary power generators for the long haul trucking industry. EENT's new product, the AXP 1000, is an idle reduction technology device designed for new installation and retrofit to semi truck tractors which provides power generation without running the truck engine. The AXP 1000 maintains battery power and powers the sleeper cab thereby reducing fuel consumption, pollution and long term truck maintenance costs. For each 1,000 units sold, EENT generates gross revenue of approximately $5,000,000 and net revenue of approximately $1,000,000. There are over 500,000 Class 8 sleeper trucks in the U.S. today. At an average sales price of $5000 per AXP 1000 unit, the industry potential is $2,500,000,000 (assuming 100% market penetration, which is not EENT's goal, and EENT reserves comment on potential market penetration), and the number of new trucks entering the market has been over 80,000 per year.