IMMEDIATE RELEASE

 

NEWS RELEASE

 

Eagle Environmental Technologies Ltd, Reno, NV, (symbol EGVR, OTC Exchange, www.egvr.com), Brian D. Wilmot, CEO, announced on July 22, 2002 the securing of a new ZawCAD/ZawMET customer, Jona Machining Company, (Jona) of Los Alamos, New Mexico and Broomfield (Denver) Colorado. Jona will undertake the construction and delivery of the ZawMET (ZawCAD) systems to outside companies or purchase the unit for internal use. Jona maintains a web site at: www.jonamachining.com. "The reputation for Jona quality is well known in the nuclear service and machining industry and we are very pleased to have them as our building/assembly contractor as well as the end user", stated Wilmot.

 

 

Eagle has arranged for full developmental funds to build, test, and deliver the unit to Jona, and provide Jona with a long term financing package if desired. "This new construction and use arrangement will enable Eagle to begin the construction and delivery of the ZawCAD and ZawMET units, and provide us with a demonstration capability to new customers", stated Mr. Wilmot. This package will enable sales of the new ZawMET process equipment to begin promptly. Eagle will begin to solicit additional orders from other qualified parties. Eagle has arranged an easily accessible location for the demonstrations in Albuquerque. The location will be fitted for Eagle's use so multiple heads can be operated on the unit to demonstrate airplane paint removal, cutting capacities on various materials as will as the ZawMET processes.

 

 

Each unit, with related equipment and specialty use equipment, costs approximately $800,000. On a normal basis, it takes up to 4 weeks to construct one machine. Our associates in Albuquerque, NM will be constructing each unit under the supervision of our chief engineer, Jim Frye of EDC Engineering Inc. Solicitations have begun in the New Mexico at the oil refineries and preliminary interest has been excellent.

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. Liberty, Suite 880, Reno, NV 89501 (website at www.egvr.com)