PowerCold Announces Growing Sales of Nauticon(TM) Cooling Units Tied to Major California Rebates

Apr 23, 2001, 01:00 ET from PowerCold Corporation

    CIBOLO, Texas, April 23 /PRNewswire Interactive News Release/ --
 PowerCold Corporation (OTC Bulletin Board:   PWCL) announced growing sales of
 its energy-saving Nauticon(TM) evaporative cooling "EV-Cool(TM)" units in
 California linked to 60% rebates by the State of California.  PowerCold is an
 energy company that develops, manufactures and markets proprietary equipment
 to achieve significant power cost savings for commercial and industrial firms.
     The proprietary Nauticon(TM) EV-Cool(TM) units are core elements of the
 Evapadvantage cooling systems marketed in California by DBS Lodging
 Technologies.  The DBS Evapadvantage units, designed for use in high tech
 manufacturing facilities and hotels, reduce air conditioning energy costs by
 50%.  The centerpiece of the unit is the non-corrosive PowerCold Nauticon(TM)
 evaporative condenser.  Nauticon(TM) EV-Cool(TM) units are replacing air-
 cooled condensers used in large air conditioning installations in the range of
 20 tons and up.
     Bud Kennedy, manager of California operations for DBS Lodging
 Technologies, said, "In all my years in the air conditioning business, I've
 never seen anything like the demand we're seeing now for these
 environmentally-friendly units that offer up to 50% savings in energy costs
 for businesses and hotels.  With the 60% rebate offered by the State of
 California through the major power companies, we are seeing an unprecedented
 level of interest in our products.  In addition, one of the power companies
 already has over 30 sales people who have indicated an interest in promoting
 our systems."
     Kennedy said, "It would cost a power company $1,000 per kilowatt to
 install a gas engine power plant and construction would take up to three years
 even assuming the company could get the necessary permits.  The Nauticon(TM)
 units ship in 2-4 weeks for quick installations and the benefits are
 immediate.  A project we are currently working on which uses two Nauticon(TM)
 evaporative cooling units can reduce demand by 180 kilowatts.  That represents
 a saving of $180,000 in terms of what it would cost a power company to build a
 new plant to produce that much electricity.  That of course, does not include
 maintenance and ongoing fuel charges.  The comparison is even more favorable
 when you consider that our units produce no harmful emissions.  Finally, the
 non-corrosive feature of our units and low maintenance costs represent
 additional benefits to all parties concerned."
     PowerCold CEO Frank Simola said, "The market is increasingly aware that
 PowerCold evaporative condensers can contribute to help ease the California
 power crisis.  With the growing demand for our energy saving products we're
 increasingly confident we will meet our projected sales budget for the year.
 Our current sales backlog and pending final purchase orders exceeds
 $1.5 million.  This includes over $500,000 for the Cold product line including
 Nauticon products and some $950,000 for five proprietary hotel system projects
 currently in design."
     PowerCold is an energy company targeting commercial businesses that can
 significantly benefit from PowerCold's energy related products.  The company's
 COLD business units market energy efficient and environmentally safe equipment
 to reduce power costs for heating, air conditioning and refrigeration by over
 50%.
     For more information contact in California Bud Kennedy, DBS Lodging
 Technologies (714) 997-4366 or Frank Simola, PowerCold CEO at (215) 248-2836
 E-mail: franks@powercold.com.  Investor relations contacts are Frank Hawkins
 or Julie Marshall, Hawk Associates, Inc., at (305) 852-2383, email
 info@hawkassociates.com.  Information about PowerCold Corporation can be found
 on the website www.powercold.com. Copies of PowerCold press releases, SEC
 filings, current price quotes, stock charts and other valuable information for
 investors may be found on the website http://www.hawkassociates.com.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X33435448
 
 

SOURCE PowerCold Corporation
    CIBOLO, Texas, April 23 /PRNewswire Interactive News Release/ --
 PowerCold Corporation (OTC Bulletin Board:   PWCL) announced growing sales of
 its energy-saving Nauticon(TM) evaporative cooling "EV-Cool(TM)" units in
 California linked to 60% rebates by the State of California.  PowerCold is an
 energy company that develops, manufactures and markets proprietary equipment
 to achieve significant power cost savings for commercial and industrial firms.
     The proprietary Nauticon(TM) EV-Cool(TM) units are core elements of the
 Evapadvantage cooling systems marketed in California by DBS Lodging
 Technologies.  The DBS Evapadvantage units, designed for use in high tech
 manufacturing facilities and hotels, reduce air conditioning energy costs by
 50%.  The centerpiece of the unit is the non-corrosive PowerCold Nauticon(TM)
 evaporative condenser.  Nauticon(TM) EV-Cool(TM) units are replacing air-
 cooled condensers used in large air conditioning installations in the range of
 20 tons and up.
     Bud Kennedy, manager of California operations for DBS Lodging
 Technologies, said, "In all my years in the air conditioning business, I've
 never seen anything like the demand we're seeing now for these
 environmentally-friendly units that offer up to 50% savings in energy costs
 for businesses and hotels.  With the 60% rebate offered by the State of
 California through the major power companies, we are seeing an unprecedented
 level of interest in our products.  In addition, one of the power companies
 already has over 30 sales people who have indicated an interest in promoting
 our systems."
     Kennedy said, "It would cost a power company $1,000 per kilowatt to
 install a gas engine power plant and construction would take up to three years
 even assuming the company could get the necessary permits.  The Nauticon(TM)
 units ship in 2-4 weeks for quick installations and the benefits are
 immediate.  A project we are currently working on which uses two Nauticon(TM)
 evaporative cooling units can reduce demand by 180 kilowatts.  That represents
 a saving of $180,000 in terms of what it would cost a power company to build a
 new plant to produce that much electricity.  That of course, does not include
 maintenance and ongoing fuel charges.  The comparison is even more favorable
 when you consider that our units produce no harmful emissions.  Finally, the
 non-corrosive feature of our units and low maintenance costs represent
 additional benefits to all parties concerned."
     PowerCold CEO Frank Simola said, "The market is increasingly aware that
 PowerCold evaporative condensers can contribute to help ease the California
 power crisis.  With the growing demand for our energy saving products we're
 increasingly confident we will meet our projected sales budget for the year.
 Our current sales backlog and pending final purchase orders exceeds
 $1.5 million.  This includes over $500,000 for the Cold product line including
 Nauticon products and some $950,000 for five proprietary hotel system projects
 currently in design."
     PowerCold is an energy company targeting commercial businesses that can
 significantly benefit from PowerCold's energy related products.  The company's
 COLD business units market energy efficient and environmentally safe equipment
 to reduce power costs for heating, air conditioning and refrigeration by over
 50%.
     For more information contact in California Bud Kennedy, DBS Lodging
 Technologies (714) 997-4366 or Frank Simola, PowerCold CEO at (215) 248-2836
 E-mail: franks@powercold.com.  Investor relations contacts are Frank Hawkins
 or Julie Marshall, Hawk Associates, Inc., at (305) 852-2383, email
 info@hawkassociates.com.  Information about PowerCold Corporation can be found
 on the website www.powercold.com. Copies of PowerCold press releases, SEC
 filings, current price quotes, stock charts and other valuable information for
 investors may be found on the website http://www.hawkassociates.com.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X33435448
 
 SOURCE  PowerCold Corporation