Energy & Engine Technology Corporation Announces Update on Anchor Manufacturing Acquisition

PLANO, Texas, Feb. 24, 2005 -- EENT announced today that it is on target with its proposed closing date for the acquisition of Anchor Manufacturing and has started working with them to implement controls and mechanisms for the transition. During the recent Miami Boat Show, EENT and Anchor were able to cross-market Anchor's Marine Comfort Systems (air conditioning units) for boats and EENT's marine generators, which provide the power for the Marine Comfort Systems and other boat creature comforts.

By spending significant time in Anchor's booth, EENT had the opportunity to meet with many of Anchor's dealers, distributors and manufacturer's representatives. Anchor has an extensive sales network with approximately 16 manufacturer's representatives covering 29 states and 5 countries, with 90 retail locations and distributors. More information is available about Anchor at http://www.coolyourboat.com/ .

Additionally, Anchor's business has been at record levels during the first two months in 2005. For January, Anchor reported over $63,000 in revenues, and in February, Anchor expects to report $100,000 in revenues, with both months showing more than a 30% increase over 2004 numbers for the corresponding months. This trend, if continued, shows much promise as an increase to EENT's revenue stream post acquisition. Anchor's President, Skip Vaccaro, said, "We are extremely enthused by our record results to date and can only think that the combination with EENT will be of huge benefit to both companies."

Anchor's marine air conditioners, which range from 7000 btu to 24000 btu, are designed to meet the requirements of both pleasure and other marine craft, and its superior air conditioners are the product of its state of the art assembly, testing and quality control procedures. It also sells units directly to original equipment manufacturers (boat builders) such as Larson Boats, Glastron Boats, Four Winns Boats, Albin Marine RI, Glacier Bay Catamarans, World Class Catamarans, Manta Catamarans, Solid Power Boats, Mirage Sportfish Yachts, Grand Harbor Trawlers, Strike Boats, Scoponich Yachts, Dorado Marine, Island Catamarans, Donzi Marine, Canaveral Custom Boats, Caliber Yachts, Rivolta Marine, Rybovitch Spencer, Battlecats Catamarans, Thompson Marine NY, Comption Marine and supplies its products to a number of builders located in South America (Mulceiro Marine and Estaleiro Marine), Africa (Charter Cats) and Asia (Mariner Yachts, Eagle Trawlers and Albin Marine Asia). There is good synergy with EENT's existing BMZ marine division as the Anchor acquisition will provide an additional distribution channel for BMZ's marine generator products. Anchor's philosophy is to provide quality product at a fair price, with superior customer service to ensure repeat business, in addition to an expanded customer base due to its excellent reputation. Anchor Manufacturing is a division of Anchor Tampa, Inc., which has been in the construction, marine and refrigeration/air conditioning business for 24 years, and currently employs 150 persons in the Tampa area.

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.