Bayridge Drive, Canada (PressExposure) October 27, 2008 -- Aztech Associates Inc announced today they have agreed to be acquired in a reverse takeover of Vancouver based Decourcy Capital Corp. Decourcy will change their name on the TSX-V to reflect the Aztech branding. Aztech's focus is on the development of products for utility customers on the emerging North American Smart Grid as well as asset management products for the energy, shipping and natural resources exploration industries.
Aztech Smart Grid products for utilities and consumers are already being deployed by utilities in the US and Canada. Trials for Aztech products on the Asian Rim and Europe are in active discussion.The newest Aztech product is for utility consumers on the Smart Grid. Aztech manufactures the In-Home Display (www.aztechmeter.com) which shows consumers their energy use and cost in real time. Consumers who know these facts have been shown to use energy wisely. Utilities are able to offer consumers opt in and out programs to save energy and money using the device.
Leaders in both Canada and the US have stated that energy independence and development are keys to North Americaâs economic future. Expanding exploration, renewable supply and conservation are national polices in both countries.
âWe expect Aztech products to be part of the energy independence solution,'' said Mike Evans, CEO of Decourcy, âThis is a big part of the reason we agreed to acquire Aztech and why our investors are bullish about Aztechâs growth prospects.â
Evans pointed to Aztechâs In-Home Display as particularly exciting. ``Consumers using In-Home Displays in tests over the past four years showed utility companies could pay back their investment in these devices in less than three years. With new incentives being put in place in both countries the investment could well be recovered in as little as one year,â said Evans.
Geoff Salter, President of Aztech said, âConsumers will be able to benefit in time to help them during the current economic downturn. Tests show consumers can shave 10% off their utility bills once the device is in their homes. In today's uncertain economy, putting In-Home Displays on the Smart Grid may be the very best investment a utility can make.''
âOnce In-Home Displays are in peopleâs residences, utilities can offer unprecedented incentives to a consumer for reducing their demand.â said Gardner McBride, Vice President of Business Development of Aztech. A Smart Grid with In-Home Display endpoints allows consumers the choice to opt in or out of programs on very short notice,â said McBride. âThis is not easily done without the presence of an In-Home Display.â
The Aztech In-Home Display is installed easily by the consumer and is able to calculate the complicated pricing rates designed by utilities to encourage energy conservation. It connects wirelessly to smart utility meters (AMI) which are part of the Smart Grid.
About Decourcy Capital Corp.
Decourcy Capital Corp. (TSX-V: DRC.P) (âDecourcyâ), is a British Columbia company who announced on October 15, 2008 they have entered into a Letter of Intent to acquire Aztech Associated Inc.
The acquisition is subject to TSX Venture Exchange approval and will constitute the Companyâs qualifying transaction (the âQTâ) under TSX Venture Exchange (the âExchangeâ) Policy 2.4 â Capital Pool Companies.
On conclusion of the proposed QT, Decourcy will change its name to reflect the nature and character of the business of Aztech, with the Resulting Issuer trading as a Tier 2 Industrial Issuer on the Exchange.
The proposed QT does not constitute a Non-Armsâ Length Transaction under the Policies of the Exchange. There are no Non-Armsâ Length Parties to Decourcy who are directors or insiders of Aztech.
The proposed transaction is conditional upon Decourcy successfully completing a financing sufficient to fund the business plan and to meet the listing requirements of the Exchange. It is the intention of the Company that the stock remains halted until the completion of the QT.
Michael Evans President and CEO Decourcy Capital Corp. firstname.lastname@example.org (604)408-2222 ext 105
About Aztech Associates, Inc.
Founded in 1993, Aztech's philosophy is simple: Consumers who know in real time the amount and cost of energy they use will make wise decisions to save energy. In-Home Displays benefit our environment and the economy. Studies show overall energy use would drop by 10% if everyone used an In-Home Display. The savings would help utilities avoid using undesirable generator systems. Aztech Associates Inc. is located in Kingston, Ontario, in Canada and Annapolis, Maryland in the US. For more information, visit Aztech's website at http://www.Aztechinc.com.
Gardner McBride Vice President of Business Development Aztech Associates, Inc. email@example.com (905)984-7879
"Completion of the transaction referenced in this press release is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable pursuant to Exchange Requirements, majority of the minority shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.â Source: Aztech Associates Inc.