IMMEDIATE RELEASE
NEWS RELEASE
Eagle Environmental Technologies Ltd, Reno, NV, (symbol
EGVR, OTC Exchange, www.egvr.com), Brian D. Wilmot, CEO, announced at the
annual shareholders meeting on June 16, 2004 the securing of a “Memo of
Understanding” Agreement with Dunn Industrial Corporation. The Agreement sets
forth a plan to join the two companies and blend the technologies of Eagle with
the services provided by Dunn. Eagle and Dunn have a lot of details to finalize
for this Agreement to become a final document of merger or exchange. “We are
pleased with the basis established by this agreement”, said CEO Wilmot, “as it
allows the combined companies to move forward aggressively on the marketing of
the Eagle ZawCAD™ equipment and expand the range of
services that Dunn will be able to provide to additional customers.”
The blended companies will be able to offer a greater range
of services to both customer lists provided by the new combined company. The
Eagle Environmental Technologies Ltd name will continue as Eagle will be the
primary company. This blending of companies will provide Eagle with gross sales
in the range of $700k to $1mm on an annual basis.
Eagle Environmental Technologies Ltd. is a systems
integration and environmental product development company concentrating on
recycling or eliminating hazardous waste, water filtration systems and high
performance coating removal systems.
For information, call 800-210-5793, or Fax 209-736-2608.
NOTE: Statements contained in this release that are not
strictly historical are “forward-looking’ within the meaning of the safe harbor
clause of the Private Securities Litigation Reform Act of 1995. Editors and
investors are cautioned that such forward-looking statements invoke risk and
uncertainties that may cause the company’s actual results to differ materially
from such forward-looking statements. These risks and uncertainties include,
but are not limited to, the company’s ability to continue to develop its
market, demand for the company’s products and services, general economic
conditions, and other factors that may be more fully described in the company’s
literature and any periodic filings with the Securities and Exchange
Commission.
50 W.