Date: June 22, 2006
Source: EarthFirst Technologies, Inc.
EarthFirst Technologies, Inc. (OTCBB: EFTI) announced that it anticipates an early third-quarter closing of the previously announced merger with Cast-Crete Corporation.
The Company also confirmed that its core energy technologies will be combined with those of U.S. Sustainable Energy Corporation and merged with CyberCare, Inc. ("CyberCare") (OTCPK:CYBR), at the conclusion of CyberCare's Chapter 11 reorganization. Confirmation of CyberCare's Plan of Reorganization is scheduled for July 25, 2006.
In response to questions about press releases from Internal Hydro International, Inc. that refer to EarthFirst, the Company stated that Internal Hydro press releases have not been approved by EarthFirst. EarthFirst's intent with respect to its technologies is set forth in its own releases.
About EarthFirst Technologies, Incorporated
EarthFirst Technologies, www.earthfirsttech.com, is 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 wastes, and in supplying electrical contracting services to commercial and government customers internationally. Through its subsidiary World Environmental Solutions Company (WESCO), EarthFirst markets solid waste remediation plants utilizing a proprietary Catalytic Activated Distillation (CAVD) process, which is a superior technology developed by EarthFirst to recycle rubber tires and other waste by heating the material without burning it. Through its subsidiary Electric Machinery Enterprises, Inc., 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. Through its subsidiary EarthFirst Americas, Inc., the Company is engaged in the global development, marketing and distribution of biofuels.
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.
CONTACT: For EarthFirst Technologies, Inc., Tampa Elite Financial Communications Group, LLC Dodi Handy, 407-585-1080 efti@efcg.net.
More information: www.earthfirsttech.com.
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