Exhibit 99.1

Press release

ELECTRIC GAS TECHNOLOGY,  INC AND ATMOSPHERIC WATER  TECHNOLOGIES INC., AGREE TO
SETTLEMENT OF ALL CLAIMS AND LITIGATION WITH UNIVERSAL COMMUNICATION SYSTEMS INC
AND AIR WATER

COMPANY ISSUES PUBLIC APOLOGY

DALLAS, TX November 24, 2004 / Business Wire -- Electric & Gas Technology,  Inc.
and Atmospheric Water  Technologies,  Inc. today announced that they have agreed
to a settlement of all litigation with Universal Communication Systems Inc. (OTC
Bulletin  Board:  UCSY -  News)  and  Air  Water  Corporation.  Pursuant  to the
settlement, they make the following public apology:

"The directors and officers of Electric & Gas Technologies  Inc. and Atmospheric
Water  Technologies,  Inc. apologize for our negative press release last year to
all of the  directors,  officers and  shareholders  of  Universal  Communication
Systems Inc. and Air Water Corporation" said Electric & Gas Technologies, Inc.'s
president,  Dan Zimmerman.  "Our negative  statements  about the people in these
companies were unprofessional, uncalled for, and we regret having made them."

"We also  extend a personal  apology to Michael  Zwebner,  the CEO of  Universal
Communication Systems Inc. Mr. Zwebner is an accomplished and effective business
leader,  and  our  negative,  regrettable  press  release  was an  inappropriate
response  to  the  appearance  of  a  formidable   business  competitor  in  the
water-from-air machine industry.  Water-from-air machines may one day solve many
regions'  severe water supply  problems,  and Michael Zwebner is responsible for
the   successful   and  rapid  growth  of  UCSY  and  Air  Water   Corporation's
manufacturing and distribution of water-from-air machines world-wide."

Safe Harbor
Electric & Gas  Technology,  Inc. is a publicly  traded  holding  company  that,
through its subsidiaries, operates in two main areas: (1) Utilities Products and
(2) Contract  Manufacturing.  This release contains  forward-looking  statements
within the meaning of the Securities  Exchange Act of 1934, which represents the
Company's  expectations  or  beliefs  concerning,  among  other  things,  future
operating  results and  various  components  thereof and the  adequacy of future
operations  to provide  sufficient  liquidity.  The Company  cautions  that such
matters necessarily involve significant risks and uncertainties that could cause
actual  operating  results and liquidity  needs to differ  materially  from such
statements,  including, without limitation: (i) increased competition,  (ii) the
price- sensitive nature of product demand,  (iii) the Company's  dependence upon
favorable  pricing from its suppliers and (iv) other risks indicated  herein and
in filings with the SEC.