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FOR IMMEDIATE RELEASE
EARTHFIRST SUBSIDIARY, EME, INKS BINDING LETTER OF INTENT FOR $5.95
MILLION PROJECT AT ORLANDO INTERNATIONAL AIRPORT
Company Wins Major Electrical Services Contract
For New In-Line Baggage Screening Project
TAMPA, FL - (BUSINESS WIRE) - May 11, 2005 - EarthFirst Technologies,
Incorporated (OTCBB:EFTI), a specialized holding company engaged in researching,
developing and commercializing technologies for the production of alternative
fuel sources and the destruction and/or remediation of liquid and solid waste,
and in supplying electrical contracting services internationally, today reported
that its wholly-owned subsidiary, Electric Machinery Enterprises, Inc. (EME),
has entered into a binding Letter of Intent (LOI) with Hensel Phelps
Construction Co. for a project with an expected contract value of $5,952,000.
Hensel Phelps, a company consistently ranked among the top general contractors
and construction managers in the Nation by Engineering News Record, has selected
EME to manage all electrical requirements associated with a new in-line baggage
screening project scheduled for installation at the Orlando International
Airport in Orland, Florida beginning in June 2005.
Leon Toups, Chief Executive Officer of EarthFirst stated, "This impressive win
represents yet another example of the exciting growth momentum we are
experiencing at EME. With its 75-year history of maintaining the highest levels
of reliability, efficiency and customer service within the electrical services
industry, it is no surprise that EME is enjoying continual success."
About EarthFirst Technologies, Incorporated
EarthFirst Technologies, http://www.earthfirsttech.com, is dedicated to
producing environmentally superior products from carbon-rich solid and liquid
materials currently considered wastes. The Company has conducted more than five
years of extensive development on advanced technologies to achieve this goal.
Through its subsidiary Electric Machinery Enterprises, Inc.,
http://www.e-m-e.com, the Company provides electrical contracting services both
as a prime contractor and as a subcontractor, electrical support for industrial
and commercial buildings, power generation stations, and water and sewage plants
in the US and abroad.
Investors are cautioned that certain statements contained in this document as
well as some statements in periodic press releases and some oral statement of
EFTI officials are "Forward-Looking Statements" within the meaning of the
Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking
statements include statements which are predictive in nature, which depend upon
or refer to future events or conditions, which include words such as "believes,"
"anticipates," "intends," "plans," "expects," and similar expressions. In
addition, any statements concerning future financial performance (including
future revenues, earnings or growth rates), ongoing business strategies or
prospects, and possible future EFTI actions, which may be provided by
management, are also forward-looking statements as defined by the Act.
Forward-looking statements involve known and unknown risks, uncertainties, and
other factors which may cause the actual results, performance or achievements of
the Company to materially differ from any future results, performance, or
achievements expressed or implied by such forward-looking statements and to vary
significantly from reporting period to reporting period. Although management
believes that the assumptions made and expectations reflected in the
forward-looking statements are reasonable, there is no assurance that the
underlying assumptions will, in fact, prove to be correct or that actual future
results will not be different from the expectations expressed in this report.
These statements are not guarantees of future performance and EFTI has no
specific intention to update these statements.
FOR MORE INFORMATION, PLEASE CONTACT
Elite Financial Communications Group, LLC
Stephanie Noiseux at 407-585-1080 or via email at efti@efcg.net