Allenergy Takes Steps to Become All-Energy; Diversifying Into Wind Power
29 Janvier 2009 - 11:00AM
PR Newswire (US)
INDEPENDENCE, Kan., Jan. 29 /PRNewswire-FirstCall/ -- Allenergy,
Inc. (Pink Sheets: ALRY), with an 18 year history of oil and
natural gas development and production, today announces it has
taken the key steps towards expanding its business to include wind
power. It has been a longstanding plan of the Company to broaden
its source of revenue by expanding into additional forms of energy.
Because of both the revenue and the Federal tax breaks, many land
owners in the region are seeking to use their land for wind power
generation. Allenergy is taking the necessary steps to sell,
service, and install wind power generation. Allenergy can also
benefit from wind power revenues on its current leases and on
additional land leases. "Though our core focus remains oil and
natural gas production and well services, it has been a part of our
long term strategic plan to diversify," Larry Sanford, CEO, said.
"With the incredible rise and fall of oil prices recently it seems
even more prudent to open up additional revenue streams. Our plan
will help to ensure Allenergy's long term growth and profitability
regardless of oil price fluctuations." Rex Horning, Allenergy's
Vice President of Operations, has been leading the strategic
planning for Allenergy's diversification. "We have the potential to
take advantage of the new technologies for wind generation. The
demand for wind generation has increased. In time Allenergy will
have the opportunity to provide some of our existing clients with
additional services," Mr. Horning said. Note: Certain statements in
this news release may contain "forward looking" information within
the meaning of rule 175 under the Securities Act of 1933 and Rule
3b-6 under the Securities Act of 1934 and are subject to the safe
harbor created by those rules. All statements, other than
statements of fact, included in this release, may include
forward-looking statements that involve risks and uncertainties.
There can be no assurance that such statements will be accurate and
actual results and future events could differ materially from those
anticipated in such statements. E&E Communications Paul
Knopick, (949) 707-5365 DATASOURCE: Allenergy, Inc. CONTACT: Paul
Knopick of E&E Communications, +1-949-707-5365,
Copyright