EI Elemental enters into agreement to purchase land from the Lowman Ranch in San Marcos, Texas.

EI Elemental and EI Elemental Heat Energy Systems have entered into an agreement to purchase land for developing an eco-sustainable residential project on the site of the Lowman Ranch in San Marcos, Texas. EI Elemental has plans to purchase land from the Lowman Ranch.

They are depositing 628,134 shares of common stock to be delivered against tender of title and will owe approximately $314,000 at closing. EI Elemental anticipates being able to complete required predevelopment approvals within nine to twelve months from the date of closing.

The idea is to create eco-sustainable residential housing that is both environmentally friendly and ecologically sustainable.This will allow them to test the installation and production aspects of their technologies, market a project, and offer a new environmentally sensitive method of development to other home, commercial developers, and resort developers.