Efficiency Technologies, Inc. Enters Into Licensing Agreement
6-17-2004

Efficiency Technologies, Inc. (EffTec), a wholly-owned subsidiary of American Resource Management, Inc. (OTC Pink Sheet: ARMM), announced that it has entered into a three year licensing agreement with a worldwide provider of integrated water treatment services. Pursuant to the licensing agreement, EffTec will provide a proprietary website to the licensee to offer the EffHVAC management reporting system to its customers.

“This licensing agreement is our first step in making the EffHVAC system a global management tool in improving chiller efficiencies. We believe the licensing agreement validates our product as we begin offering it to the marketplace at a time when energy efficiencies are vital,” stated Derrick Shoemake, President of EffTec.

About Efficiency Technologies, Inc.
Efficiency Technologies, Inc. (EffTec) has developed a web-based energy management services for centrifugal chillers. The Department of Energy has estimated that chillers waste up to 30% of their cooling energy through inefficiency. EffTec’s web-based service provides a diagnostic tool that provides plant managers of centrifugal cooling systems the ability to evaluate, monitor and manage their chiller’s performance. Efficient monitoring and treatment can save tens of thousands of dollars per year in energy and maintenance costs.

ARMM is an energy resource-based holding company located in Tulsa, Oklahoma.

Forward-looking statements in this release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks, and uncertainties and actual results could differ from those discussed. This material is information only and is not an offer or solicitation to buy or sell the securities.

Source: American Resource Management, Inc.