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Tuesday, June 24, 2008

Geoexchange Technology Provider - Essential Innovations Technology Corp. (ESIV) - Reports a 6-month Fiscal Period Revenue Increase of 61% for Manufact

Geoexchange Technology Provider - Essential Innovations Technology Corp. (ESIV) - Reports a 6-month Fiscal Period Revenue Increase of 61% for Manufacturing Operations

BELLINGHAM, Wash., June 24, 2008 - Essential Innovations Technology Corp. (OTCBB: ESIV; FRANKFURT: E6S) a United States-based Geoexchange Company, is pleased to report that it has seen a dramatic increase in positive revenue growth from its wholly-owned manufacturing subsidiary when compared to the same 6-month period from the last fiscal year.

"As it relates specifically to the sales revenues for our manufacturing subsidiary, Essential Innovations Corp. ("EIC"), we're very happy to report revenue growth of 61% for the 6 months ended April 30, 2008. In particular, this is representative of the strongest second quarter in our firms' history with our manufacturing business recording $200,867 USD in direct sales of our proprietary Geoexchange equipment during the period. As we look ahead to results for the third quarter of Fiscal 2008, given that EIC presently has some $500,000 CAD (+/-) worth of equipment in production or as backlog, we anticipate that EIC can achieve a quarterly growth rate on par with, or even greater than this current rate, when the EIC sales figures for the quarter ended July 31, 2008, are formally reported later this year," said Jason McDiarmid, President/CEO, ESIV.

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," "assumes," 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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