EPA-Qualified, High Efficiency Wood Boilers Combat Soaring Heating Oil Prices

BELLEVUE, Wash.--(Business Wire)--
The high cost of oil is causing many people to panic about winter
heating bills as homeowners brace for higher prices than last year.
According to estimates by the Department of Energy, households using
heating oil will pay an average $4.34 a gallon, or $2,644 for the
heating season, up more than 30 percent from last winter and up 150
percent since 2003. This uncertainty and added budget concerns are
prompting people to purchase alternative heating options, such as wood
boilers, wood stoves and pellet stoves.

Greenwood Technologies, a manufacturer of high efficiency,
EPA-qualified wood boilers is one such company that has seen a
dramatic increase in wood boiler sales over the past few months. This
interest has been fueled not only by high fuel prices, but also by the
growing awareness of performance and air quality improvements offered
by clean technology appliances.

"Homeowners recognize that today's high fuel prices are here to
stay and are looking for long-term, environmentally responsible
solutions to control heating costs. Clean-burning wood boilers
significantly reduce heating bills without the impact on air quality
of traditional wood boilers," said Michael Kuehner, vice president of
Greenwood Technologies. "Lines are forming at many dealers as people
realize that a small investment now provides lasting security and
independence from costly fossil fuels," he continued.

Greenwood Technologies is focused on satisfying current and future
heating challenges through environmentally responsible alternative
energy solutions beyond solar and wind. Unlike inefficient traditional
outdoor wood boilers which have been embroiled in controversy,
Greenwood's high-efficiency wood boilers employ wood gasification
technology that minimizes smoke and dramatically improves efficiency.
Recently, Greenwood Technologies received U.S. Environmental
Protection Agency designations for the Greenwood Furnace and the
Greenwood Aspen Series 175. This designation confirms that these
products are extremely clean burning and produce little or no wood
smoke.

ABOUT GREENWOOD TECHNOLOGIES, LLC

Greenwood Technologies is a clean renewable heating solutions
manufacturer located in the Pacific Northwest. The Greenwood
Technologies high efficiency wood and biomass hydronic furnaces are
available through more than 175 dealers across the United States and
Canada. For more information call (800) 959-9184 or visit
www.greenwoodusa.com.

For Greenwood Technologies
Erika Schmidt or Christina Starr, 206-352-6402
eschmidt@frause.com
cstarr@frause.com

Copyright Business Wire 2008