Latest News

LATEST NEWS

LATEST NEWS

December 2005:
Essential Innovations Technology Corp.: Non-Binding Letter of Intent to purchase Earth Source Energy.

BELLINGHAM, Wash., Dec. 13, 2005 (PRIMEZONE) -- Essential Innovations Technology Corp. (OTCBB:ESIV) (Frankfurt:E6S), provider of cutting-edge geoexchange solutions for residential, commercial and industrial applications as both a geoexchange energy service company and as a manufacturer of proprietary geothermal heat pump technology, announced today that the Company has recently signed a Non-Binding Letter of Intent to acquire 100% ownership in Earth Source Energy Inc.

Earth Source Energy Inc. is Western Canada's largest and most experienced Geoexchange Installer for both commercial and residential applications with over 400 installations to their credit. www.earthsource.ca

Jason McDiarmid, President/CEO of ESIV said, "The potential acquisition of Earth Source Energy by ESIV has the capability to significantly increase our revenue expectations, while substantially reducing our overall project cost output by making a truly high quality installation component a part of our in house business operations. Earth Source already has a thriving business in place, and we are extremely delighted at the opportunity that now exists for our Company and our shareholders to make Earth Source a part of the ESIV organization."

October 2005:
Essential Innovations Technology Corp.: President/CEO Interview With Streetcast.tv

BELLINGHAM, Wash., Oct. 4, 2005 (PRIMEZONE) -- Essential Innovations Technology Corp. (OTCBB:ESIV), a manufacturer and energy service provider in the geothermal heating and cooling industry, today announced that the company's CEO, Mr. Jason McDiarmid, was interviewed on Streetcast.tv.

ESIV has announced that the company's CEO was interviewed on Street Smarts with market correspondent Nisha Moodley on Streetcast.tv. Jason McDiarmid, President and CEO of Essential Innovations, commented, "ESIV was delighted to share its global corporate strategy and vision for the geothermal industry with Nisha Moodley and the listeners of Streetcast.tv." To watch the entire interview, visit www.streetcast.tv or tune into the America One Cable TV News Network in your designated area. The interview can be accessed on the site by clicking on the Street Smarts billboard, which is to the right of TV player broadcast box.

In addition, Jason McDiarmid, President and CEO of ESIV was interviewed by Kurt Schemers of Traders Nation(tm) this past Tuesday, September 27th, 2005. Traders Nation Live starts at 11:00 a.m. EDT at http://www.tradersnation.com/radio.shtml. Traders Nation(tm) is broadcast via an online radio network to more than 120 affiliate partners with a target audience of approximately 2 million daily listeners. Partners include news networks, financial websites and more.

To view the re-broadcast of this interview, please also tune in to www.streetcast.tv and click on the Traders Nation button, on the bottom left of the TV player broadcast box.

October 2005:
Essential Innovations Technology Announces Listing on the Frankfurt Stock Exchange

BELLINGHAM, Wash., Oct. 3, 2005 (PRIMEZONE) -- Essential Innovations Technology Corp. (OTCBB:ESIV) (Frankfurt:E6S), provider of cutting-edge geoexchange solutions for residential, commercial and industrial applications as both a geoexchange energy service company and as a manufacturer of proprietary geothermal heat pump technology, announced today that the Company's common stock has been approved for trading on the Frankfurt Stock Exchange under the symbol "E6S."

ESIV has dual-listed its stock on the Frankfurt Exchange in order to broaden the Company's shareholder base and increase the Company's profile with both individual and institutional investors in Germany and across the rest of Europe. The Frankfurt Stock Exchange represents an ideal venue for the Company to gain investor awareness in a marketplace traditionally more sophisticated in its adoption and understanding of renewable energy technology.

Jason McDiarmid, President/CEO of ESIV said, "The ever-increasing costs of conventional fossil fuel based technology present in the European Union makes this a very logical move for our Company. The European investment base is very conscious of the renewable energy space and the immediate need for the increased implementation of Geoexchange technology in helping to combat consumer concerns over operating expenses and carbon emissions that go hand in hand with conventional heating and cooling technology. Our listing on the Frankfurt Exchange gives our European investors access to add our Company shares to their portfolio and the pursuant liquidity to then be able to trade them."

For more information on the Frankfurt Stock Exchange, please visit www.exchange.de

September 2005:
Essential Innovations acquires revolutionary technology

BELLINGHAM, Wash., Sept. 26, 2005 (PRIMEZONE) -- Essential Innovations Technology Corp. (OTCBB:ESIV) is excited to announce that it has acquired a patent-pending heating technology representative of a totally new method of heating liquids that utilizes an Electro-Acoustic Immersion Heater (EAIM) design for the rapid heating of water and/or production of steam using an energy movement within the EAIM that is based on specific sonic and acoustical properties. Under the terms of the agreement, the company has acquired the exclusive rights for the utilization, manufacturing, and distribution of the technology when applied towards geothermal heating and cooling and/or any other HVAC-related application throughout the world.

The technology has been tested and validated by an independent third-party physicist in a detailed report, particularly expressive of the incredible efficiencies seen when this technology was tested under a controlled environment to rapidly boil liquids (in that case being water).

"The technological implications for Essential Innovations are quite staggering," stated Steve Wuschke, chief technical officer of the company. "Based on our preliminary analysis and in-house technology demonstration, we feel strongly that this technology can be incorporated into our already innovative geoexchange design. As we move to integrate this technology into our proprietary geoexchange system, it has the potential then to offer our current technology the same energy supply that a geothermal loop-field is currently required to provide, thereby mitigating or even eliminating the need for the loop-field in it's entirety."

Declared Jason McDiarmid, president/CEO, "Essential Innovations is always striving to be at the forefront of cutting-edge renewable energy development, and this most recent technology acquisition clearly falls well within our overall business and corporate strategy."

September 2005:
Essential Innovations and the Diamondview Estates

BELLINGHAM, Wash., Sept. 21, 2005 (PRIMEZONE) -- Essential Innovations Technology Corp. (OTCBB:ESIV) is extremely pleased to announce that property site sales are about to begin at the Diamondview Estates residential project site in Westbank, B.C. Diamondview Estates will comprise 70 luxury style custom-built homes located within a gated community, overlooking Okanagan Lake and the City of Kelowna in the beautiful Okanagan Valley of British Columbia, Canada. Diamondview Estates boasts a 75-foot cascading waterfall feature on site to complement the already breathtaking panoramic view lots. www.diamondview.ca

Diamondview Developments, project owner of Diamondview Estates, has granted Essential Innovations the exclusive right to provide geoexchange heating and cooling systems and ongoing geothermal services to each of the residential properties on the development. It is expected that the total build-out of the project will take from 2-3 years to complete from the time that lot sales are all final. Under the terms of the Contract between Diamondview and Essential Innovations, Diamondview has included specific language within their property Disclosure statement so as to formally cause both the Strata Corporation that will govern the entire property site and those homeowners on the property governed by the Strata, to be bound to an energy service contract (ESCO) with Essential Innovations. This contract is structured as a 25-year Operating lease directly relating to the use of the Geothermal Loop field (GLF) installed by Essential Innovations that is to supply the geothermal energy to each of the homes to be constructed. Essential will install individual GLFs on each of the 70 property sites for use by each of the custom-built residences that are to follow. Essential Innovations will collect from the Strata an on-going monthly lease payment for a period of 25 years for the use of the GLF by the Strata and the homeowners on each of the individual properties throughout the Diamondview site. The cash flow modeling for the long-term geothermal loop-lease represents an estimated revenue stream of $6,000,000 to Essential Innovations over the 25-year term of the Operating Lease.

In addition to the recurring revenue stream Essential Innovations is to receive from the loop-lease, Essential Innovations is also to be the exclusive provider of the Geothermal Heat Pump or Geoexchange equipment to be utilized in each of the homes to be constructed. Furthermore, Essential Innovations is also to be the sole and exclusive provider of the installation and on-going maintenance of all of the geoexchange equipment that services the entirety of the site. The Company estimates that the supply and installation of equipment to the 70 individual Diamondview homes should bring the Company $1,200,000 in revenue.

August 2005:
Essential Innovations Technology Corp.: President/CEO Interview with Audiostocks.com

BELLINGHAM, Wash., Aug. 12, 2005 (PRIMEZONE) -- Essential Innovations Technology Corp. (OTCBB:ESIV), a manufacturer and energy service provider in the Geothermal heating and cooling industry, today announced that the company's CEO, Mr. Jason McDiarmid, was interviewed on Audiostocks.com

The interview highlighted the progress the organization has been making over the past few years. McDiarmid also offered further insights into his confidence in the future of the company and of the Geothermal (or Geoexchange) industry as a whole.

To listen to the interview, please visit www.audiostocks.com

July 2005:
Essential Innovations Technology Corp.: Letter to Shareholders From the President/CEO

BELLINGHAM, Wash., July 29, 2005 (PRIMEZONE) -- Essential Innovations Technology Corp. (OTCBB:ESIV) is truly pleased to be able to provide this corporate recap to its shareholders. Says Jason McDiarmid, President/CEO, "During the first 3 months of being listed on the OTC-BB, the Company has reached a number of important and significant milestones. Of particular note, the Company has entered into a Co-operative Production Agreement with WaterFurnace (TSX:WFI), one of the largest and most respected names in the Geothermal industry, while even more recently the Company has secured two substantial Exclusive Distribution Agreements for its proprietary Geoexchange systems manufactured by its Canadian subsidiary; one of which covers parts of Canada, and the other of which covers the entire country of Mexico. Individually, these each represent noteworthy events for the Company, but collectively, they are clearly representative of the current demand for geoexchange and the rapid growth the industry should see in the coming months and years. Essential Innovations continues to be actively involved in a number of ongoing discussions and negotiations with developers throughout Canada and the USA, and the Company is aggressively responding to requests for further exclusive product distribution agreements in many other parts of the world. The Company is extremely excited about the vast amount of tangible business opportunities that lie ahead, and is highly confident that over the next 12-18 months there will be many more verifiable successes to report."

July 2005:
Essential Innovations Technology Canadian Subsidiary Executes International Exclusive Distribution Agreement

BELLINGHAM, Wash., July 21, 2005 (PRIMEZONE) -- Essential Innovations Technology Corp. (OTCBB:ESIV) is pleased to announce that the Company's Canadian subsidiary has recently signed and secured an exclusive technology distribution agreement covering the entire Country of Mexico, with Global Business Exchange ("GBX"), a British Columbia corporation, with offices in Vancouver, Canada, and Guadalajara, Mexico. The Agreement calls for specific target quotas to be met for annual contract renewal, with the Year 1 purchase requirement being for 200 units minimum in order to secure contract renewal, and each pursuant year to then require a 25% increase in the annual purchase quota from the Year previous. Additionally, Global Business Exchange has retained the first right of refusal for the entirety of Central America under the Agreement.

"This Exclusive Technology Distribution Agreement is truly representative of the ever-growing demand for Geoexchange technology throughout the international marketplace. Our 100% wholly-owned manufacturing subsidiary in Surrey, British Columbia is in discussion and negotiation with numerous parties from around the Globe, of which this Agreement with GBX marks the first of those relationships to be solidified," stated Jason McDiarmid, President and CEO of Essential Innovations Technology. "Global Business Exchange is a well established and highly respected Company with a great deal of experience in the development of international markets and they bring with them partnerships with some of Mexico's largest and finest engineering and installation experts to assist them in their aggressive development of the Mexican marketplace."

July 2005:
Essential Innovations Technology Canadian Subsidiary Executes Provincial Exclusive Distribution Agreement

BELLINGHAM, Wash., July 7, 2005 (PRIMEZONE) -- Essential Innovations Technology Corp. (OTCBB: ESIV) is pleased to announce that the Company's Canadian subsidiary has recently signed and secured an exclusive technology distribution agreement with Enerflo Geothermal Technologies Inc., an Alberta corporation, covering the Provinces of Alberta, Saskatchewan, Manitoba and the Yukon Territory in Canada. The Agreement calls for specific target quotas to be met for annual contract renewal, with the Year 1 purchase requirement being for 150 units minimum in order to secure contract renewal, and each pursuant year to then require a 25% increase in the annual purchase quota from the Year previous. Additionally, Enerflo has retained the first right of refusal for certain of the remaining Canadian Provinces and Territories under the Agreement.

"This Exclusive Technology Distribution Agreement represents the successful consummation of the first substantial exclusive distribution and sales channel opportunity the Company has been negotiating for our proprietary geothermal heat pump technology, through our 100% wholly-owned manufacturing subsidiary in Surrey, British Columbia," stated Jason McDiarmid, President and CEO of Essential Innovations Technology. "Enerflo Geothermal Technologies is a well established and respected distributor in the geothermal industry and bringing with them proven engineering and installation expertise in the field of Geothermal heating and cooling, and a large network of geothermal dealers/installers already in place."

Junel 2005:
Essential Innovations Technology Canadian Subsidiary and WFI Industries Ltd. Announce Official Cooperative Production Agreement

BELLINGHAM, Wash., June 28, 2005 (PRIMEZONE) -- Essential Innovations Technology Corp. (OTCBB:ESIV) is pleased to announce that the Company's wholly owned Canadian subsidiary Essential Innovations Corporation (EIC), has signed a Cooperative Production Agreement with WFI Industries Ltd. (TSX:WFI), to produce cutting-edge geothermal heating and air conditioning systems. Both WFI and EIC are Canada corporations specializing in the geothermal heating and cooling market.

According to Jason McDiarmid, President/CEO of Essential Innovations Technology, "The two companies are cooperating to produce state of the art products and enhance each company's capabilities and services. WFI is the established leader in the geothermal market in North America with fully developed production, engineering and marketing capabilities. Essential Innovations Corporation has a very powerful sales and marketing model coupled with some very exciting product innovations, particularly with relation to our system's proprietary artificial intelligence controls. The two companies cooperating together should be able to help one another move forward faster and further than either could by itself."

Bruce Ritchey, President/CEO of WFI Industries Ltd. said, "This cooperative arrangement has potential to help move the geothermal heating and cooling industry into the mainstream markets. Essential Innovation's sales and marketing model provides a turnkey and affordable solution for developers and builders to install geothermal on their projects and subdivisions. We are in a position to provide manufacturing, engineering and market coverage around the world to support EIC's efforts."

WFI Industries Ltd. is a publicly traded company on the Toronto Stock Exchange under the symbol "WFI".

Essential Innovations Technology Corp. is publicly traded on the U.S. OTC-BB market under the symbol "ESIV".

Junel 2005:
Essential Innovations Technology Canadian Subsidiary Executes Regional Exclusive Distribution Agreement

BELLINGHAM, Wash., June 10, 2005 (PRIMEZONE) -- Essential Innovations Technology Corp. (OTCBB:ESIV) is pleased to announce that the Company's Canadian subsidiary has recently signed and secured an exclusive technology distribution agreement with Jarvas Earth Energy Ltd., a British Columbia corporation, for a territory in the Shuswap Lake region of British Columbia, Canada. The Agreement calls for specific target quotas to be met for annual contract renewal.

Essential Innovations Technology Corp. provides cutting-edge geoexchange solutions for residential, commercial and industrial applications as both a geoexchange energy service company and as a manufacturer of proprietary geothermal heat pump technology. The Company was incorporated in April 2001, and it has two wholly owned subsidiaries located in British Columbia, Canada and in Hong Kong, SAR, China.

April 2005:
Essential Innovations Technology Commences Trading on OTC Bulletin Board

BELLINGHAM, Wash., May 3, 2005 (PRIMEZONE) -- Essential Innovations Technology Corp. (OTCBB:ESIV) is pleased to announce that the Company has recently been approved and cleared by Nasdaq to commence trading on the OTC Bulletin Board under the symbol ESIV.

Essential Innovations Technology Corp. provides cutting-edge Geoexchange Solutions for residential, commercial and industrial applications as both a Geoexchange Energy Service Company and as a Manufacturer of proprietary Geothermal Heat Pump technology. The Company was incorporated in April 2001, and it has two wholly owned subsidiaries located in British Columbia, Canada and in Hong Kong SAR, China. Recently, the Company secured its first major Geoexchange project by obtaining exclusive rights to provide Geoexchange services and equipment to an entire subdivision plan for 70 luxury single-family homes in Westbank, British Columbia, through the application of a long-term Operating Lease. Further details on the project including terms can be obtained from the Company's recent 8-K filing of April 18, 2005.

April 2005:
Essential Innovations secures "ESCO" project.

On April 12, 2005, Essential Innovations Technology Corp. (�Essential�) and Diamondview Developments Ltd., a [limited partnership formed in British Columbia, Canada] (�Diamondview�) entered into an �Agreement to Provide Exclusive Geoexchange Project Services� dated April 7, 2004 (the �Agreement�). Under the terms of the Agreement, Diamondview has granteds Essential the exclusive right to provide geoexchange heating systems and ongoing geothermal services to each of the residential properties in the proposed development. Under the terms of the Agreement Diamondview has agreed that they will include language within their property Disclosure statement, to formally cause the Strata Corporation governing each of the homesites and residences on the property, that within the entirety of the lands of the Diamondview project they are to be bound to an energy service contract under an Operating Lease with Essential for such geothermal services to be provided by Essential. The use of a geoexchange heating pump manufactured and installed by Essential Innovations will be required to be used by the residential properties. Essential will install a geothermal loop field for use by the development�s residences. Essential will is to then charge each homebuyer up front for the geoexchange system and its installation within the interior of each residence, and then willwhile collecting on-going lease payments per month from the Strata for a period of 25 years for use of the geothermal loop field.

Westbank, British Columbia

Westbank, British Columbia

March 2005:
Essential Innovations attends GeoExchange BC Conference 2005.

Essential Innovations sponsored and was an exhibitor at the GeoExchange BC Conference. Delegates attended from all over North America.

February 2005:
Essential Innovations breaks ground in Kitsilano, British Columbia.

Breaking ground on the site in the last week of February 2005, the Company has just begun a showcase for a large-scale local and international residential developer in Kitsilano, British Columbia.