Energy & Engine Technology Corporation Announces Recent Marketing and Inventory Numbers
PLANO, Texas, Dec. 3, 2004 -- Energy & Engine Technology Corporation (BULLETIN BOARD: EENT) (EENT) announced today that the marketing effort for its BMZ Generators Technology subsidiary has begun to come to fruition with approximately $475,000 in quotations during the first 30 days since moving operations to its new 10,000 square foot Pompano Beach, FL facility. Additionally, EENT currently has approximately $750,000 in pre- paid inventory from which to generate product to fill sales demand. While these quotations are now outstanding, there can be no assurance as to what percentage will result in closed sales.
Also, EENT has had sales revenue of approximately $60,000 for the fourth quarter to date and is optimistic about a stronger close to the quarter even with the holiday season. Among the recent sales at BMZ are its initial international order -- delivery of the first 10 kW stand alone generator of a potential 20 unit order to a new dealer in the Bahamas, and a 40 kW residential standby generator.
EENT is expecting the first shipment of 20 split unit air conditioners in late December. These air conditioners are to be installed with its AXP 1000 product on long haul trucks, along with other potential sales of gensets, including a potential 10 unit order to a small fleet, awaiting delivery of the new split unit air conditioner.
About Energy & Engine Technology Corporation
EENT (http://www.eent.net/ ), headquartered in Plano, Texas, develops and markets power generation products for the long haul trucking industry and for marine, military and stand alone applications through its BMZ Generators Technology subsidiary.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by Energy & Engine Technology Corporation) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the high technology and energy industries, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Energy & Engine Technology Corporation. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financial activities, domestic and global economic conditions, changes in federal or state tax laws, and market competition factors.