TULSA, Okla., Aug. 2, 2007 (PRIME NEWSWIRE) -- American Resource Management, Inc. (Pink Sheets:ARRM), through its wholly-owned subsidiary, Efficiency Techologies, Inc., announced today that it entered into a license agreement with CoquiTech, Inc. (CoquiTech) as a marketing partner of the EffTrack chiller monitoring system. CoquiTech will market EffTrack(tm), its Internet-based chiller efficiency tool, to its customers and prospects in the Southeastern United States, the Caribbean and Latin America.
"We believe EffTrack is destined to become a vital and substantial part of our business, and we couldn't ask for a better company to partner with," stated Dayne Miller, President.
About CoquiTech
CoquiTech is an engineering consulting company serving the southeastern U.S., the Caribbean and Latin America. It has 16 years experience in energy, water treatment and environmental work.
About Efficiency Technologies, Inc.
Chillers are the single largest energy consumer in most facilities and can use up to 40% of a facility's electrical usage. Chillers can waste up to 30% in additional energy through inefficiency. A 15% chiller energy savings could equal a 6% reduction of the energy bill. EffTrack collects, accurate hourly chiller operating data, performs complex engineering analysis and trends chiller performance. It diagnoses the causes of inefficiencies, notifies plant operators and facility managers when problems occur and recommends corrective actions. By following the recommendations for improvements, the facility can significantly lower the chiller and plant energy consumption. These savings are identified and measured in the EffTrack reports, which can be accessed from any computer with Internet access.
ARRM is an energy resource based holding company located in Tulsa, Oklahoma.
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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.