Exhibit 99.1

ELGT Announces SB-2 Registration Effective Date
Friday June 16, 2006,

GARLAND,  Texas--(BUSINESS WIRE)--June 16, 2006--Electric & Gas Technology, Inc.
(OTCBB:ELGT  - News)  today  announced  the  acceptance  by the SEC of its  SB-2
Registration of Common Stock and Warrants  originally filed on May 30, 2006. The
Application was accepted on June 14, 2006.

Included in the  Registration  Statement are  2,000,000  shares of "shelf stock"
which the company  will  reserve for future "time to time" sale of equity and or
for prospective acquisitions.  Daniel A. Zimmerman, CEO and President commented;
"We are  pleasantly  surprised  with the speed with which this  application  was
accepted.  This will  benefit the company in that it will set the clock  running
for redemption of outstanding  warrants and  "greenshoe"  provisions in previous
equity sales, bringing cash into the company sooner than later".

Regarding the shelf  registration,  Zimmerman  said; "The inclusion of the shelf
registration  is a key element in our 5 year plan. We recognize that in order to
meet our revenue  objectives of $50,000,000 we will need to make one or two well
placed  acquisitions  before 2010. The availability of these shares will broaden
our range of options in terms of how we might finance those acquisitions".

About ELGT

Electric & Gas  Technology,  Inc.  (ELGT) is a  publicly  traded  company  that,
through  its  subsidiaries,  operates in two  distinct  business  segments:  (1)
Utilities  Products and (2) Contract  Manufacturing.  Headquartered  in Garland,
Texas,  Reynolds Equipment Company, a wholly owned subsidiary,  manufactures and
sells gas  measurement  equipment  to the natural gas industry  world wide.  The
Company's products include mechanical  instruments,  electronic  instruments and
odorization  equipment.  Logic  Metals  Technology,  Inc.,  a  second  operating
subsidiary,  has  been a  dynamic  and  reliable  supplier  of  close  tolerance
fabricated  metal  components  and  assemblies to a variety of  industries.  The
Company  supplies   precision   fabricated  parts  to  the   telecommunications,
electronics,  medical,  banking and sorting  industries.  Logic Metals  provides
precision  sheet  metal  fabrication  prototypes,  small and large run parts and
assemblies with exacting quality and engineering specifications.  For additional
information, visit our website www.elgt.com.

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.

Contact:
Electric & Gas Technology, Inc., Garland
Vicki Arner, 972-840-3223
ir@elgt.com
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