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Tuesday, May 27, 2008

Geoexchange Technology Provider - Essential Innovations Technology Corp. (ESIV) - Announces the Execution of Multiple Agency

Geoexchange Technology Provider - Essential Innovations Technology Corp. (ESIV) - Announces the Execution of Multiple Agency and Corporate Representation Agreements

BELLINGHAM, Wash., May 27 - Essential Innovations Technology Corp. (OTCBB: ESIV; FRANKFURT: E6S) is pleased to announce that the Company has signed on with a number of agents for product representation, having exclusive or non-exclusive right to the ESIV product- line in North America and certain parts of Asia, while it further states that it has additionally engaged with other parties under corporate representation agreements for the promotion and execution of overall business and financing objectives.

Energy Source Technologies,, has been given a non-exclusive product agency agreement for the United States of America and has additionally been given an exclusive agency agreement for the Country of the Philippines. Kingyoup Enterprises Company Limited,, has been assigned with a non-exclusive agency agreement for both the Republic of Taiwan and the Country of China. Go Green Development Consortium,, has signed a non- exclusive agency agreement covering the territory of the United States of America. Each of these different parties has been granted the rights to market and sell the ESIV Product(s) and Services, on either a non-exclusive or exclusive agency basis, within their defined Country. Until such time that an exclusive or non-exclusive distributor may exist in any of these or any other countries, an agent simply would acquire product directly from ESIV in their fulfillment of services. In future, however, should an exclusive or non- exclusive distributor exist in any particular country or territory where an agent may be acting, the agent would then work under said distributor for the purposes of the facilitation of their respective duties.

In addition to the agency relationships described above, the Company also has very active on-going corporate representation agreements in place with, Keystone Global LLC,, Green Business China,, and Dragonfly Capital Group,, whereby they each have been engaged on the basis of working with the Company to facilitate financing for the organization or so as to create business development agreements either as complete turn-key Geoexchange projects, or as standard distribution and sale agreements for the ESIV product line.

"The agreements discussed here are truly representative of the ever- growing demand for Geoexchange technology in the domestic and international marketplaces. Each of the parties referenced here under engagement from the Company are actively pursuing, or are in the final stages of negotiation for the sale and application of our technology within their particular Country of scope," affirmed Jason McDiarmid, President/CEO, of ESIV. "Aside from these continuing initiatives, ESIV is also engaged directly in the latter stages of a negotiation for representation in the form of an exclusive distribution agreement, which sets out and establishes specific target volumes and quotas for our product. In addition to this, we also are working in the international markets to finalize more integrated strategic alliance or joint venture opportunities that will allow us to persist with the establishment of a noticeable footprint on the World stage. In this regards, it is our goal and objective to remain aggressively engaged in such discussions and negotiations that allow us to create sales channels with well established and highly respected organizations that have experience in their particular international markets, and that ultimately can bring with them partnerships with some of the largest and finest engineering and installation experts in their regions to help to exploit our products and services. Given such general and complete efforts, we anticipate being able to offer guidance to the investment community in regards to the consummation of further distribution, strategic alliance or joint venture opportunities in the near- term."

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

Geoexchange technology harnesses the earth's clean, renewable thermal energy stored just below the surface or in large bodies of water for purposes of heating, cooling, domestic hot water and/or dehumidification. A Geoexchange system is used to "exchange" the earth's natural heating and cooling properties between a building and the ground. This non-combustion transfer of energy is the source of performance and environmental superiority, as Geoexchange systems need only a small amount of electrical energy to then capture, move and concentrate a large amount of free energy provided by the earth.

Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Investors are cautioned that such forward-looking statements involve risks and uncertainties. These statements include, but are not limited to, statements that do not describe historical facts and statements that include the word "believes," "anticipates," "expects," "plans," "intends," "designs," "projects" or similar language, as well as statements regarding consumer or marketplace acceptance of the Company's new or existing products; comments concerning marketing and consumer acceptance of proprietary products; the potential benefits of Essential Innovations' products; initiatives undertaken by the Essential Innovations' divisions; the Company's research, manufacturing and facilities expansion programs; and the Company's growth, revenue, or projected earnings; all such statements which may or may not occur in the future. These forward-looking statements are made as of the date of this news release, and Essential Innovations Technology Corp. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward- looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no absolute assurance that such belief, plans, expectations or intentions will prove to be completely accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our periodic reports filed from time to time with the Securities and Exchange Commission.

Essential Innovations Technology is a featured Company on Green portals, China portal and Tech portal.

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Source: Essential Innovations Technology Corp.

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