Atlantic Energy Solutions Accepts $10 Million Term Sheet from Trafalgar Capital
28 Octobre 2008 - 2:12PM
Business Wire
Atlantic Energy Solutions, Inc. (OTC:AESO) is pleased to announce
that that they have entered into a term sheet with Trafalgar
Capital Specialized Investment Fund, a Luxembourg based company
that specializes in working with small cap companies in helping
them achieve their growth objectives. Trafalgar is committing up to
$10,000,000 over a two year period with initial funding of
$2,500,000 to Atlantic Energy Solutions to support the Company�s
growth initiatives, such as new energy projects for schools, health
care facilities, manufacturing and other related commercial
facilities. This commitment will enable Atlantic Energy Solutions
to draw upon the financial resources of Trafalgar based upon key
financial performance objectives of the Company. Atlantic Energy
Solutions� projects currently involve the deployment of
state-of-the-art �green� technology in solar power, wind turbine
plants, co-generation plants and geothermal as well as traditional
energy efficiency opportunities which are some of the key building
blocks to the Company�s future. Atlantic Energy Solutions will
continue with its current successes gained from its ESCO business
model approach in the market with performance guarantees and other
purchase power agreement prospects. Atlantic Energy Solutions CEO
Timothy Brock said, �We are delighted to have earned this
confidence. This important financial commitment from Trafalgar will
further expand our future growth and development beyond our
expectations.� About Atlantic Energy Solutions Inc. Atlantic
Energy, founded in 1992, is a globally accredited Energy Efficiency
and Resource Company and member of NAESCO (www.Naesco.org) that
identifies, implements and finances energy efficiency projects
designed to improve the overall efficiency of energy, water usage
and renewable resources, reducing our dependency on foreign oil and
diminishing our carbon footprint. Headquartered in Saratoga
Springs, NY and with a satellite office in Fairfield, NJ, Atlantic
Energy Solutions assesses the energy demands and usages of
municipal, corporate and industrial complexes to improve
conservation and apply measures to boaster savings at the consumer
level. This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act of 1995. Those
statements include statements regarding the intent, belief or
current expectations of Atlantic Energy Solutions Inc., and members
of its management as well as the assumptions on which such
statements are based. Prospective investors are cautioned that any
such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, and that actual
results may differ materially from those contemplated by such
forward-looking statements. Important factors currently known to
management that could cause actual results to differ materially
from those in forward-statements include fluctuation of operating
results, the ability to compete successfully and the ability to
complete before-mentioned transactions. The company undertakes no
obligation to update or revise forward-looking statements to
reflect changed assumptions, the occurrence of unanticipated events
or changes to future operating results.
Atlantic Energy Solutions (PK) (USOTC:AESO)
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