Business
Free Energy International Inc. Announces Distribution Agreement
Free Energy International Inc. Announces Distribution Agreement
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[{"type":"text","content":"\n\n\n\n Aug. 25, 2010 (Canada NewsWire Group) -- \n\n \n \n \nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\n\n VANCOUVER, Aug. 25 /CNW/ - Free Energy International Inc.\n (the "Free Energy" and/or the "Company")(TSXV:\n FFX) today announced the Company has entered into a\n distribution agreement with Pacific Applied Systems (Pacific System).\n The distribution agreement encompasses the sale and distribution of the\n Company's Snow Melt Geo Thermal Heating Product (Thermal Heating\n Product). Pacific System is an affiliate of HVAC Systems and Solutions\n Ltd. (HVAC).\n \n\n In conjunction with the distribution agreement, Pacific System has made\n an initial order of two hundred (200) snow melt rods which will be\n incorporated into the Company's Thermal Heating Product. The Company\n anticipates revenue of approximately $50,000 on this initial order.\n \n\n "The distribution agreement represents a significant step for the\n Company in establishing a distributor of the Company's Snow Melt Geo\n Thermal Heating Product" said Alf Sanderson, the Executive Chairman of\n Free Energy. "Pacific System has targeted initial installs in Richmond &\n Whistler B.C. as well as Colorado and Washington State."\n \n\n "The distribution agreement and initial order are the first step in the\n implementation of an aggressive sales and marketing program envisioned\n by the Company" said Dean Bethune, Free Energy's President and CEO. "The\n Company's business model is premised upon developing innovative products\n utilizing proprietary technology then leveraging the distribution\n networks of successful companies like HVAC.\n \n\n The Snow Melt Geo Thermal system involves a series of L-shaped rods\n containing the non-toxic super conducting material to be placed\n vertically to a depth of 30 to 35 feet below the surface to tap into the\n constant mild temperatures below and bring heat continuously to the\n surface. The natural heat will protect...