/C O R R E C T I O N -- American Resource Management, Inc./
November 10 2003 - 11:03AM
PR Newswire (US)
/C O R R E C T I O N -- American Resource Management, Inc./ In the
news release, American Resource Management, Inc. (OTC Pink Sheets:
ARMM) Signs Letter of Intent to Acquire Efficiency Technologies,
Inc., issued earlier today by American Resource Management, Inc.
over PR Newswire, we are advised by a representative of the company
that an incorrect version was issued inadvertently. The headline,
as well as the first two paragraphs, have been updated. Complete,
corrected release follows: TULSA, Okla., Nov. 10
/PRNewswire-FirstCall/ -- American Resource Management, Inc. (OTC
Pink Sheets: ARMM), announced that it has acquired Efficiency
Technologies, Inc., a Nevada corporation, for 40,000,000 shares of
common stock. Efficiency Technologies, Inc. ("Eff-Tec") has
developed a web-based energy management service for centrifugal
chillers. The Department of Energy has estimated that chillers
waste up to 30% of their cooling energy through inefficiency.
Eff-Tec's web-based service provides a diagnostic tool that
provides plant managers of centrifugal cooling systems the ability
to evaluate, monitor and manage their chiller's performance.
Efficient monitoring and treatment can save tens of thousands of
dollars per year in energy and maintenance costs. The online
software tool developed by Eff-Tec simplifies how HVAC plants are
operated and monitored. The operating engineers, managers and asset
professionals can communicate in a common language to keep their
chiller operations producing at maximum levels at the lowest
possible cost. For additional information about Eff-Tec, visit its
website at http://www.efftec.com/ . ARMM is an energy resource and
solutions-based holding company based in Tulsa, Oklahoma.
Forward-looking statements in this release are made pursuant to the
Safe Harbor Provisions of the Private Securities Litigation Reform
Act of 1995. These forward-looking statements are subject to
certain risks, and uncertainties and actual results could differ
from those discussed. This material is information only and is not
an offer or solicitation to buy or sell the securities.
PRNewswire-FirstCall -- Nov. 10 DATASOURCE: American Resource
Management, Inc. Web site: http://www.efftec.com/
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