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Editor’s Alert:
Green Energy Live, Inc. is developing game-changing clean energy technology that can solve a critical challenge for the $154 billion U.S. livestock industry. The recent acquisition of Comanche Livestock Exchange provides GELV with revenue for technology development as well as contacts with established customers. We believe GELV is on track for significant growth. Don’t wait to start your due diligence on our newest green energy stock pick….GELV.
Green Energy Live, Inc. (GELV) is a clean energy company developing sustainable biomass-to-energy conversion solutions. The company is leveraging proprietary gasification technology to develop renewable energy gasification and conversion systems to convert animal waste into electricity and valuable co-products. GELV’s first market focus is the $154 billion U.S. agricultural livestock industry. The company is working to develop highly innovative, small footprint on-site manure-to-electricity generation systems designed to enable the nation’s more than one million livestock farmers to convert their animal waste into clean energy, reduce greenhouse gas emissions, protect watersheds, decrease manure hauling costs, reduce energy costs and sell surplus power back to the grid.
GELV is acquiring profitable companies with complementary industry focuses, existing customers and ongoing revenue. In July 2009 the company acquired Comanche Livestock Exchange, a revenue-positive Texas-based provider of live animal auctions. Comanche has been in the dairy and livestock business for 60 years. GELV has also signed a letter of intent to acquire Peck Electric and is currently completing its due diligence on the profitable electrical systems provider.
Editor’s Note:
We are excited to bring you the latest StockSource pick. GELV is perfectly positioned to benefit from increased demand for clean energy solutions and has targeted an important niche. In its June 2009 Report to Congress entitled “Manure Use for Fertilizer and for Energy”, the U.S. Department of Agriculture reported there is widespread interest in using manure as a feedstock for energy production. Excessive concentrations of manure create risks to air quality and water supply and farmers are facing increased regulation of their manure management practices from Federal, State, and local governments. Efforts to comply with those regulations impose costs and will likely lead to changes in manure use for livestock operations, including biowaste to energy conversion. GELV is developing on-site biowaste-to-energy converters that take livestock producers’ biggest liability, manure, and turn it into a clean, sustainable source of energy.
Green Energy Live, Inc. is developing game-changing clean energy technology that can solve a critical challenge for the $154 billion U.S. livestock industry. The recent acquisition of Comanche Livestock Exchange provides GELV with revenue for technology development as well as contacts with established customers. We believe GELV is on track for significant growth. Don’t wait to start your due diligence on our newest green energy stock pick….GELV.
Green Energy Live, Inc. (GELV) is a clean energy company developing sustainable biomass-to-energy conversion solutions. The company is leveraging proprietary gasification technology to develop renewable energy gasification and conversion systems to convert animal waste into electricity and valuable co-products. GELV’s first market focus is the $154 billion U.S. agricultural livestock industry. The company is working to develop highly innovative, small footprint on-site manure-to-electricity generation systems designed to enable the nation’s more than one million livestock farmers to convert their animal waste into clean energy, reduce greenhouse gas emissions, protect watersheds, decrease manure hauling costs, reduce energy costs and sell surplus power back to the grid.
GELV is acquiring profitable companies with complementary industry focuses, existing customers and ongoing revenue. In July 2009 the company acquired Comanche Livestock Exchange, a revenue-positive Texas-based provider of live animal auctions. Comanche has been in the dairy and livestock business for 60 years. GELV has also signed a letter of intent to acquire Peck Electric and is currently completing its due diligence on the profitable electrical systems provider.
Editor’s Note:
We are excited to bring you the latest StockSource pick. GELV is perfectly positioned to benefit from increased demand for clean energy solutions and has targeted an important niche. In its June 2009 Report to Congress entitled “Manure Use for Fertilizer and for Energy”, the U.S. Department of Agriculture reported there is widespread interest in using manure as a feedstock for energy production. Excessive concentrations of manure create risks to air quality and water supply and farmers are facing increased regulation of their manure management practices from Federal, State, and local governments. Efforts to comply with those regulations impose costs and will likely lead to changes in manure use for livestock operations, including biowaste to energy conversion. GELV is developing on-site biowaste-to-energy converters that take livestock producers’ biggest liability, manure, and turn it into a clean, sustainable source of energy.
Latest News Releases
SOURCE: Green Energy Live Inc.
Feb 04, 2010 02:43 ETGreen Energy Live Expands Operations to Accommodate GrowthGRAND RAPIDS, MI--(Marketwire - February 4, 2010) - Green Energy Live Inc. (OTCBB: GELV), a clean energy company engaged in developing sustainable biomass-to-energy conversion solutions for the U.S. livestock industry, is pleased to announce that the company has moved into new offices to accommodate its growing business. With its expanded team and new corporate headquarters Green Energy Live is focusing on the development of on-site manure to energy converters for farmers and ranchers, pursuing acquisitions of clean energy companies and technologies, and achieving sales and revenue increases through its wholly owned Comanche Livestock Exchange subsidiary.
Green Energy Live has moved out of a smaller executive office suite and into 2,500 square feet of newly leased office space in Wyoming, Michigan. The company is bringing together its executive, accounting and business development staff members to accommodate its plans for expansion.
The company has also added to its workforce. Green Energy Live has hired a seasoned Manager of Special Projects to identify green energy companies and technologies for potential acquisition, manage any upcoming acquisitions, align financial functions and reporting, provide support for Comanche's business, and manage marketing activities. A highly qualified in house accounting staff member has also been hired to support financial and reporting functions.
Comanche Livestock Exchange, a wholly owned subsidiary of Green Energy Live, generated an 18% increase in revenue and a 6% increase in net income in third quarter 2009. The company is a profitable livestock auction and hauling services provider with a 60 year operating history. Green Energy Live anticipates reporting on fourth quarter performance later this month.
Karen Clark, President/CEO of Green Energy Live, commented: "We are pleased to announce that we have officially outgrown our office space. With the expansion into new offices, addition of exceptional new team members and the identification of new opportunities to grow our business this is a very exciting time for Green Energy Live. We are balancing expansion activities with a keen eye on the bottom line, keeping overhead and expenses low while facilitating further growth."
Green Energy Live's Form 10-Q filed on November 24, 2009, which includes its consolidated financial statements and incorporates Comanche's financial results, can be viewed on the SEC's EDGAR website at http://www.sec.gov/edgar/searchedgar/companysearch.html. As disclosed in the Form 10-Q, for the three month period ended September 30, 2009, the company reported an overall net loss of $250,873, an increase of $99,397 or 39% over the same period in 2008. Green Energy Live did not report any revenues in 2008. Green Energy Live's management believes that its acquisition of Comanche and the inclusion of Comanche's revenues in its operating results will cause its net losses to decrease, and that eventually it will achieve profitability; however, there is no assurance that this will occur.
About Green Energy Live (OTCBB: GELV)
Green Energy Live Inc. is engaged in developing sustainable biomass-to-energy conversion technology to meet a critical need for the nation's $154 billion livestock industry. The company plans to use its proprietary gasification technology for the development of highly innovative, on-site manure-to-electricity conversion systems to enable livestock farmers and ranchers to convert their animal waste into clean, renewable energy. Green Energy Live acquired Comanche Livestock Exchange in July 2009. The wholly owned subsidiary enhances Green Energy Live's ability to bring its clean energy technology to market by providing ongoing revenue to support technology development, livestock industry experience, contacts with potential customers, and an established sales channel.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements include, without limitation, plans and expectations regarding the development of GELV's gasification technology and other projects and operations. GELV has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith based upon currently available information, and is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to: (1) GELV's need for additional financing, which is not assured and which may result in dilution of shareholders; (2) GELV's status as a small company with a limited operating history; and (3) regulatory restrictions in the production of bio-fuels. For a more detailed discussion of such risks and other factors, see the Company's 2008 Annual Report on Form 10-K, filed on March 31, 2009, with the Securities and Exchange Commission, and its other SEC filings. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, to update or provide advice in the event of any change, addition or alteration to the information contained in this news release including such forward-looking statement, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
SOURCE: Green Energy Live Inc.
Feb 04, 2010 02:43 ETGreen Energy Live Expands Operations to Accommodate GrowthGRAND RAPIDS, MI--(Marketwire - February 4, 2010) - Green Energy Live Inc. (OTCBB: GELV), a clean energy company engaged in developing sustainable biomass-to-energy conversion solutions for the U.S. livestock industry, is pleased to announce that the company has moved into new offices to accommodate its growing business. With its expanded team and new corporate headquarters Green Energy Live is focusing on the development of on-site manure to energy converters for farmers and ranchers, pursuing acquisitions of clean energy companies and technologies, and achieving sales and revenue increases through its wholly owned Comanche Livestock Exchange subsidiary.
Green Energy Live has moved out of a smaller executive office suite and into 2,500 square feet of newly leased office space in Wyoming, Michigan. The company is bringing together its executive, accounting and business development staff members to accommodate its plans for expansion.
The company has also added to its workforce. Green Energy Live has hired a seasoned Manager of Special Projects to identify green energy companies and technologies for potential acquisition, manage any upcoming acquisitions, align financial functions and reporting, provide support for Comanche's business, and manage marketing activities. A highly qualified in house accounting staff member has also been hired to support financial and reporting functions.
Comanche Livestock Exchange, a wholly owned subsidiary of Green Energy Live, generated an 18% increase in revenue and a 6% increase in net income in third quarter 2009. The company is a profitable livestock auction and hauling services provider with a 60 year operating history. Green Energy Live anticipates reporting on fourth quarter performance later this month.
Karen Clark, President/CEO of Green Energy Live, commented: "We are pleased to announce that we have officially outgrown our office space. With the expansion into new offices, addition of exceptional new team members and the identification of new opportunities to grow our business this is a very exciting time for Green Energy Live. We are balancing expansion activities with a keen eye on the bottom line, keeping overhead and expenses low while facilitating further growth."
Green Energy Live's Form 10-Q filed on November 24, 2009, which includes its consolidated financial statements and incorporates Comanche's financial results, can be viewed on the SEC's EDGAR website at http://www.sec.gov/edgar/searchedgar/companysearch.html. As disclosed in the Form 10-Q, for the three month period ended September 30, 2009, the company reported an overall net loss of $250,873, an increase of $99,397 or 39% over the same period in 2008. Green Energy Live did not report any revenues in 2008. Green Energy Live's management believes that its acquisition of Comanche and the inclusion of Comanche's revenues in its operating results will cause its net losses to decrease, and that eventually it will achieve profitability; however, there is no assurance that this will occur.
About Green Energy Live (OTCBB: GELV)
Green Energy Live Inc. is engaged in developing sustainable biomass-to-energy conversion technology to meet a critical need for the nation's $154 billion livestock industry. The company plans to use its proprietary gasification technology for the development of highly innovative, on-site manure-to-electricity conversion systems to enable livestock farmers and ranchers to convert their animal waste into clean, renewable energy. Green Energy Live acquired Comanche Livestock Exchange in July 2009. The wholly owned subsidiary enhances Green Energy Live's ability to bring its clean energy technology to market by providing ongoing revenue to support technology development, livestock industry experience, contacts with potential customers, and an established sales channel.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements include, without limitation, plans and expectations regarding the development of GELV's gasification technology and other projects and operations. GELV has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith based upon currently available information, and is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to: (1) GELV's need for additional financing, which is not assured and which may result in dilution of shareholders; (2) GELV's status as a small company with a limited operating history; and (3) regulatory restrictions in the production of bio-fuels. For a more detailed discussion of such risks and other factors, see the Company's 2008 Annual Report on Form 10-K, filed on March 31, 2009, with the Securities and Exchange Commission, and its other SEC filings. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, to update or provide advice in the event of any change, addition or alteration to the information contained in this news release including such forward-looking statement, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
Feb 24, 2010 04:00 ET
Green Energy Live Executes Letter of Intent to Acquire Leading Electrical Services Company with $6 Million in Revenue
GRAND RAPIDS, MI--(Marketwire - February 24, 2010) - Green Energy Live, Inc. (OTCBB: GELV), a growing clean energy company engaged in developing sustainable biomass-to-energy conversion solutions for the U.S. livestock industry, is pleased to announce that the company is moving forward with an acquisition of Peck Electric Inc., a Vermont corporation. On February 23, 2010 Green Energy Live updated its Letter of Intent to acquire 100% of the stock in Peck Electric, an established provider of electrical contracting services which generated $6 million in gross revenue last year.
Established in 1972, Peck Electric is Vermont's leading provider of electrical contracting services. The company's long roster of customers includes IBM, UPS, Energizer Battery Company and Ben & Jerry's, among others. Peck provides commercial and residential electrical contracting, installs telecommunications systems, provides solar power installations, and designs and develops clean energy products. Upon acquisition Peck will become a wholly owned subsidiary of Green Energy Live. Green Energy Live, Inc. is conducting its due diligence phase of this acquisition and will commence the required financial audits in March 2010. Upon completion of these pre-acquisition investigations, Green Energy Live, Inc. and Peck Electric will determine a closing date for this transaction.
Jeff Peck, President of Peck Electric, commented: "We have been in business for 38 years and pride ourselves on our quality of service, longstanding customer relationships, and ability to innovate to meet market demand. Peck generated $6 million in gross revenue in calendar year 2009. We believe our established electrical contracting services business will be significantly augmented by our new clean energy initiatives as well as exposure to the public markets. We are eager to combine forces with Green Energy Live."
Karen Clark, President/CEO of Green Energy Live, commented: "Green Energy Live chose Peck Electric for its excellent management team, extensive systems design and development expertise, ongoing revenue and exciting new clean energy product development. Upon closing of the acquisition we look forward to helping Peck achieve continued growth and expanded market penetration. Peck Electric brings several critical components to Green Energy Live that will allow us to offer clean energy solutions in the marketplace."
About Green Energy Live (OTCBB: GELV)
Green Energy Live, Inc. is engaged in developing sustainable biomass-to-energy conversion technology to meet a critical need for the nation's $154 billion livestock industry. The company plans to use its proprietary gasification technology for the development of highly innovative, on-site manure-to-electricity conversion systems to enable livestock farmers and ranchers to convert their animal waste into clean, renewable energy. Green Energy Live acquired Comanche Livestock Exchange in July 2009. The wholly owned subsidiary enhances Green Energy Live's ability to bring its clean energy technology to market by providing ongoing revenue to support technology development, livestock industry experience, contacts with potential customers, and an established sales channel.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements include, without limitation, plans and expectations regarding the development of GELV's gasification technology and other projects and operations. GELV has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith based upon currently available information, and is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to: (1) GELV's need for additional financing, which is not assured and which may result in dilution of shareholders; (2) GELV's status as a small company with a limited operating history; and (3) regulatory restrictions in the production of bio-fuels. For a more detailed discussion of such risks and other factors, see the Company's 2008 Annual Report on Form 10-K, filed on March 31, 2009, with the Securities and Exchange Commission, and its other SEC filings. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, to update or provide advice in the event of any change, addition or alteration to the information contained in this news release including such forward-looking statement, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
Contact:
Investor Relations:
1-866-460-7336
Email Contact
Green Energy Live, Inc.
1740 44th Street, Suite 5-230
Wyoming, MI 49519-6443
www.greenenergylive.com
Green Energy Live Executes Letter of Intent to Acquire Leading Electrical Services Company with $6 Million in Revenue
GRAND RAPIDS, MI--(Marketwire - February 24, 2010) - Green Energy Live, Inc. (OTCBB: GELV), a growing clean energy company engaged in developing sustainable biomass-to-energy conversion solutions for the U.S. livestock industry, is pleased to announce that the company is moving forward with an acquisition of Peck Electric Inc., a Vermont corporation. On February 23, 2010 Green Energy Live updated its Letter of Intent to acquire 100% of the stock in Peck Electric, an established provider of electrical contracting services which generated $6 million in gross revenue last year.
Established in 1972, Peck Electric is Vermont's leading provider of electrical contracting services. The company's long roster of customers includes IBM, UPS, Energizer Battery Company and Ben & Jerry's, among others. Peck provides commercial and residential electrical contracting, installs telecommunications systems, provides solar power installations, and designs and develops clean energy products. Upon acquisition Peck will become a wholly owned subsidiary of Green Energy Live. Green Energy Live, Inc. is conducting its due diligence phase of this acquisition and will commence the required financial audits in March 2010. Upon completion of these pre-acquisition investigations, Green Energy Live, Inc. and Peck Electric will determine a closing date for this transaction.
Jeff Peck, President of Peck Electric, commented: "We have been in business for 38 years and pride ourselves on our quality of service, longstanding customer relationships, and ability to innovate to meet market demand. Peck generated $6 million in gross revenue in calendar year 2009. We believe our established electrical contracting services business will be significantly augmented by our new clean energy initiatives as well as exposure to the public markets. We are eager to combine forces with Green Energy Live."
Karen Clark, President/CEO of Green Energy Live, commented: "Green Energy Live chose Peck Electric for its excellent management team, extensive systems design and development expertise, ongoing revenue and exciting new clean energy product development. Upon closing of the acquisition we look forward to helping Peck achieve continued growth and expanded market penetration. Peck Electric brings several critical components to Green Energy Live that will allow us to offer clean energy solutions in the marketplace."
About Green Energy Live (OTCBB: GELV)
Green Energy Live, Inc. is engaged in developing sustainable biomass-to-energy conversion technology to meet a critical need for the nation's $154 billion livestock industry. The company plans to use its proprietary gasification technology for the development of highly innovative, on-site manure-to-electricity conversion systems to enable livestock farmers and ranchers to convert their animal waste into clean, renewable energy. Green Energy Live acquired Comanche Livestock Exchange in July 2009. The wholly owned subsidiary enhances Green Energy Live's ability to bring its clean energy technology to market by providing ongoing revenue to support technology development, livestock industry experience, contacts with potential customers, and an established sales channel.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements include, without limitation, plans and expectations regarding the development of GELV's gasification technology and other projects and operations. GELV has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith based upon currently available information, and is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to: (1) GELV's need for additional financing, which is not assured and which may result in dilution of shareholders; (2) GELV's status as a small company with a limited operating history; and (3) regulatory restrictions in the production of bio-fuels. For a more detailed discussion of such risks and other factors, see the Company's 2008 Annual Report on Form 10-K, filed on March 31, 2009, with the Securities and Exchange Commission, and its other SEC filings. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, to update or provide advice in the event of any change, addition or alteration to the information contained in this news release including such forward-looking statement, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
Contact:
Investor Relations:
1-866-460-7336
Email Contact
Green Energy Live, Inc.
1740 44th Street, Suite 5-230
Wyoming, MI 49519-6443
www.greenenergylive.com
Mar 09, 2010 07:00 ET
Solar Energy Is a New Revenue Source for Green Energy Live's Acquisition Target
GRAND RAPIDS, MI--(Marketwire - March 9, 2010) - Green Energy Live Inc. (OTCBB: GELV), a clean energy company engaged in developing sustainable biomass-to-energy conversion solutions for the U.S. livestock industry, is pleased to report that Peck Electric Inc.'s solar power system design and installation business is growing and has significant potential for increased sales this year. Green Energy Live has executed a letter of intent to acquire Peck Electric, Vermont's leading provider of electrical contracting services.
Peck Electric has been in business since 1972. Although Green Energy does not possess a complete set of financial statements for Peck Electric, Peck Electric's statement of revenue and expenses for 2009, which is not audited, indicates that it generated $6 million in gross revenues and net income of $128,908. Historically, costs of sales have represented between 78% and 81% of gross revenues. The majority of sales were contributed by Peck's established electrical contracting services division. A small percentage of revenue (approximately 8%) was represented by Peck's solar division, which provides complete solar photovoltaic power system design, supply, installation and training for commercial, industrial and residential customers. Green Energy hopes that revenues from the solar division established in 2009 will increase in the future. However, there is no assurance that this will occur.
Karen Clark, President/CEO of Green Energy Live, commented, "To minimize their ecological footprint, combat rising energy costs, and improve their corporate image, companies are turning to clean energy sources. Peck is establishing itself as the go-to source for solar in Vermont. While installations were a relatively small source of revenue in 2009 at approximately $500,000, we hope that Peck's solar business will increase revenue and market penetration significantly this year."
In addition to electrical contracting services and solar installations, Peck deploys telecommunications systems and designs and develops clean energy solar systems.
On February 23, 2010, Green Energy Live signed a Letter of Intent to acquire 100% of the stock of Peck. Assuming this acquisition occurs, upon closing of the transaction, Peck will become a wholly owned subsidiary. The parties intend to sign a definitive agreement and close the purchase transaction by April 25, 2010. However, the letter of intent is not a binding agreement, the transaction is contingent upon the satisfactory completion of due diligence. There is no assurance the transaction will be completed and the anticipated closing date may be extended if certain terms and conditions are not met, or the pre-acquisition audit is not completed by this date. If the acquisition does occur, there is a risk that the benefits anticipated through such acquisition will not be realized due to, among other things, GELV's possible inability to successfully integrate Peck Electric into its existing business structure.
About Green Energy Live (OTCBB: GELV)
Green Energy Live Inc. is engaged in developing sustainable biomass-to-energy conversion technology to meet a critical need for the nation's $154 billion livestock industry. The company plans to use its proprietary gasification technology for the development of highly innovative, on-site manure-to-electricity conversion systems to enable livestock farmers and ranchers to convert their animal waste into clean, renewable energy. Green Energy Live acquired Comanche Livestock Exchange in July 2009. The wholly owned subsidiary enhances Green Energy Live's ability to bring its clean energy technology to market by providing ongoing revenue to support technology development, livestock industry experience, contacts with potential customers, and an established sales channel.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements include, without limitation, plans and expectations regarding the development of GELV's gasification technology and other projects and operations. GELV has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith based upon currently available information, and is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to: (1) GELV's need for additional financing, which is not assured and which may result in dilution of shareholders; (2) GELV's status as a small company with a limited operating history; and (3) regulatory restrictions in the production of bio-fuels. For a more detailed discussion of such risks and other factors, see the Company's 2008 Annual Report on Form 10-K, filed on March 31, 2009, with the Securities and Exchange Commission, and its other SEC filings. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, to update or provide advice in the event of any change, addition or alteration to the information contained in this news release including such forward-looking statement, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
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Solar Energy Is a New Revenue Source for Green Energy Live's Acquisition Target
GRAND RAPIDS, MI--(Marketwire - March 9, 2010) - Green Energy Live Inc. (OTCBB: GELV), a clean energy company engaged in developing sustainable biomass-to-energy conversion solutions for the U.S. livestock industry, is pleased to report that Peck Electric Inc.'s solar power system design and installation business is growing and has significant potential for increased sales this year. Green Energy Live has executed a letter of intent to acquire Peck Electric, Vermont's leading provider of electrical contracting services.
Peck Electric has been in business since 1972. Although Green Energy does not possess a complete set of financial statements for Peck Electric, Peck Electric's statement of revenue and expenses for 2009, which is not audited, indicates that it generated $6 million in gross revenues and net income of $128,908. Historically, costs of sales have represented between 78% and 81% of gross revenues. The majority of sales were contributed by Peck's established electrical contracting services division. A small percentage of revenue (approximately 8%) was represented by Peck's solar division, which provides complete solar photovoltaic power system design, supply, installation and training for commercial, industrial and residential customers. Green Energy hopes that revenues from the solar division established in 2009 will increase in the future. However, there is no assurance that this will occur.
Karen Clark, President/CEO of Green Energy Live, commented, "To minimize their ecological footprint, combat rising energy costs, and improve their corporate image, companies are turning to clean energy sources. Peck is establishing itself as the go-to source for solar in Vermont. While installations were a relatively small source of revenue in 2009 at approximately $500,000, we hope that Peck's solar business will increase revenue and market penetration significantly this year."
In addition to electrical contracting services and solar installations, Peck deploys telecommunications systems and designs and develops clean energy solar systems.
On February 23, 2010, Green Energy Live signed a Letter of Intent to acquire 100% of the stock of Peck. Assuming this acquisition occurs, upon closing of the transaction, Peck will become a wholly owned subsidiary. The parties intend to sign a definitive agreement and close the purchase transaction by April 25, 2010. However, the letter of intent is not a binding agreement, the transaction is contingent upon the satisfactory completion of due diligence. There is no assurance the transaction will be completed and the anticipated closing date may be extended if certain terms and conditions are not met, or the pre-acquisition audit is not completed by this date. If the acquisition does occur, there is a risk that the benefits anticipated through such acquisition will not be realized due to, among other things, GELV's possible inability to successfully integrate Peck Electric into its existing business structure.
About Green Energy Live (OTCBB: GELV)
Green Energy Live Inc. is engaged in developing sustainable biomass-to-energy conversion technology to meet a critical need for the nation's $154 billion livestock industry. The company plans to use its proprietary gasification technology for the development of highly innovative, on-site manure-to-electricity conversion systems to enable livestock farmers and ranchers to convert their animal waste into clean, renewable energy. Green Energy Live acquired Comanche Livestock Exchange in July 2009. The wholly owned subsidiary enhances Green Energy Live's ability to bring its clean energy technology to market by providing ongoing revenue to support technology development, livestock industry experience, contacts with potential customers, and an established sales channel.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements include, without limitation, plans and expectations regarding the development of GELV's gasification technology and other projects and operations. GELV has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith based upon currently available information, and is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to: (1) GELV's need for additional financing, which is not assured and which may result in dilution of shareholders; (2) GELV's status as a small company with a limited operating history; and (3) regulatory restrictions in the production of bio-fuels. For a more detailed discussion of such risks and other factors, see the Company's 2008 Annual Report on Form 10-K, filed on March 31, 2009, with the Securities and Exchange Commission, and its other SEC filings. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, to update or provide advice in the event of any change, addition or alteration to the information contained in this news release including such forward-looking statement, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
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Trading Spotlight
Green Energy Live, Inc. Extends Letter of Intent to Acquire Pe
ck Electric ( Marketwire )
B: Green Energy Live, Inc. Extends Letter of Intent to Acquire Peck Electric ( M
arketwire )
GRAND RAPIDS, MI, Sep 27, 2010 (MARKETWIRE via COMTEX) --
Green Energy Live, Inc. (OTCBB: GELV) is a growing clean energy
company focusing on sustainable "clean side of green" solutions for
the U.S. livestock industry. On September 26, 2010 Green Energy Live
updated its Letter of Intent to acquire 100% of the stock in Peck
Electric, Vermont's leading provider of commercial electrical
contracting services. Through its renewal of this letter of intent to
acquire Peck Electric, Green Energy Live has various opportunities to
expand into new areas of clean energy products and services.
Besides expanding into solar energy in 2010, Peck is providing its
expertise to ElectroCell Technologies, Inc. as ECT brings the new
"single phase" model of its patented manure treatment machinery into
the North American market. Peck is the exclusive vendor to
manufacture core electrical components for ECT's groundbreaking
process. This technology uses precisely managed electrical current to
treat manure and dramatically reduces pathogens, odor, and excess
nutrients in livestock manure. Livestock waste is one of the largest
pollutants of lakes, rivers and estuaries in North America and
farmers are under increasing regulatory pressure to manage it more
effectively. ECT's technology provides farmers with a powerful tool
for regulatory compliance, and it also provides productivity benefits
that actually improve farm profits. Peck is poised to increase its
revenue based on the forecasted demand for these machines.
Karen Clark, President/CEO of Green Energy Live, commented: "Peck
Electric is a solid, well-run company with multiple and consistent
revenue streams and is capitalizing on opportunities to expand into
new clean energy revenue streams. Peck Electric has collaborated with
ElectroCell Technologies, Inc. for 5 years in the design of the
control panel for their patented machine, as well as the new 'single
phase' machine that was introduced into the North American market
this past week. ECT has entered into the operational phase of their
business plan and Peck benefits as the sole supplier of the control
panels for these machines. We are very excited at the various new
areas of 'the clean side of green' that Peck has moved into as it
expands from the traditional areas of its 40+ years of electrical
contracting business. Green Energy Live is pleased to continue to
move forward with the acquisition of this growing enterprise and we
have made tremendous strides with Peck this summer as we prepare to
complete this acquisition. We are now in active discussions with
various funding sources that have shown interest in our business
plan. Green Energy Live and Peck Electric will determine a closing
date for this transaction once the pre-acquisition activities are
completed."
This press release may contain certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, that are intended to be covered by the safe harbor created
by such sections and other applicable laws. Such forward-looking
statements include, without limitation, plans and expectations
regarding the development of GELV's gasification technology and other
projects and operations. GELV has tried, whenever possible, to
identify these forward-looking statements using words such as
"anticipates," "believes," "estimates," "expects," "plans,"
"intends," "potential" and similar expressions. Where the Company
expresses or implies an expectation or belief as to future events or
results, such expectation or belief is expressed in good faith based
upon currently available information, and is believed to have a
reasonable basis. However, forward-looking statements are subject to
risks, uncertainties and other factors, which could cause actual
results to differ materially from future results expressed, projected
or implied by such forward-looking statements. Such risks include,
but are not limited to: (1) GELV's need for additional financing,
which is not assured and which may result in dilution of
shareholders; (2) GELV's status as a small company with a limited
operating history; and (3) regulatory restrictions in the production
of bio-fuels. For a more detailed discussion of such risks and other
factors, see the Company's 2009 Annual Report on Form 10-K, filed on
April 17, 2010, with the Securities and Exchange Commission, and its
other SEC filings. The Company does not undertake any obligation to
release publicly revisions to any "forward-looking statement," to
reflect events or circumstances after the date of this news release,
to update or provide advice in the event of any change, addition or
alteration to the information contained in this news release
including such forward-looking statement, or to reflect the
occurrence of unanticipated events, except as may be required under
applicable securities laws.
Contact:
Investor Relations:
1-866-460-7336
Email Contact
Green Energy Live, Inc.
1740 44th Street, Suite 5-230
Wyoming, MI 49519-6443
www.greenenergylive.com
SOURCE: Green Energy Live
http://www2.marketwire.com/mw/emailprcntct?id=A8DEE7A4BFA8D0…
http://www.greenenergylive.com
ck Electric ( Marketwire )
B: Green Energy Live, Inc. Extends Letter of Intent to Acquire Peck Electric ( M
arketwire )
GRAND RAPIDS, MI, Sep 27, 2010 (MARKETWIRE via COMTEX) --
Green Energy Live, Inc. (OTCBB: GELV) is a growing clean energy
company focusing on sustainable "clean side of green" solutions for
the U.S. livestock industry. On September 26, 2010 Green Energy Live
updated its Letter of Intent to acquire 100% of the stock in Peck
Electric, Vermont's leading provider of commercial electrical
contracting services. Through its renewal of this letter of intent to
acquire Peck Electric, Green Energy Live has various opportunities to
expand into new areas of clean energy products and services.
Besides expanding into solar energy in 2010, Peck is providing its
expertise to ElectroCell Technologies, Inc. as ECT brings the new
"single phase" model of its patented manure treatment machinery into
the North American market. Peck is the exclusive vendor to
manufacture core electrical components for ECT's groundbreaking
process. This technology uses precisely managed electrical current to
treat manure and dramatically reduces pathogens, odor, and excess
nutrients in livestock manure. Livestock waste is one of the largest
pollutants of lakes, rivers and estuaries in North America and
farmers are under increasing regulatory pressure to manage it more
effectively. ECT's technology provides farmers with a powerful tool
for regulatory compliance, and it also provides productivity benefits
that actually improve farm profits. Peck is poised to increase its
revenue based on the forecasted demand for these machines.
Karen Clark, President/CEO of Green Energy Live, commented: "Peck
Electric is a solid, well-run company with multiple and consistent
revenue streams and is capitalizing on opportunities to expand into
new clean energy revenue streams. Peck Electric has collaborated with
ElectroCell Technologies, Inc. for 5 years in the design of the
control panel for their patented machine, as well as the new 'single
phase' machine that was introduced into the North American market
this past week. ECT has entered into the operational phase of their
business plan and Peck benefits as the sole supplier of the control
panels for these machines. We are very excited at the various new
areas of 'the clean side of green' that Peck has moved into as it
expands from the traditional areas of its 40+ years of electrical
contracting business. Green Energy Live is pleased to continue to
move forward with the acquisition of this growing enterprise and we
have made tremendous strides with Peck this summer as we prepare to
complete this acquisition. We are now in active discussions with
various funding sources that have shown interest in our business
plan. Green Energy Live and Peck Electric will determine a closing
date for this transaction once the pre-acquisition activities are
completed."
This press release may contain certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, that are intended to be covered by the safe harbor created
by such sections and other applicable laws. Such forward-looking
statements include, without limitation, plans and expectations
regarding the development of GELV's gasification technology and other
projects and operations. GELV has tried, whenever possible, to
identify these forward-looking statements using words such as
"anticipates," "believes," "estimates," "expects," "plans,"
"intends," "potential" and similar expressions. Where the Company
expresses or implies an expectation or belief as to future events or
results, such expectation or belief is expressed in good faith based
upon currently available information, and is believed to have a
reasonable basis. However, forward-looking statements are subject to
risks, uncertainties and other factors, which could cause actual
results to differ materially from future results expressed, projected
or implied by such forward-looking statements. Such risks include,
but are not limited to: (1) GELV's need for additional financing,
which is not assured and which may result in dilution of
shareholders; (2) GELV's status as a small company with a limited
operating history; and (3) regulatory restrictions in the production
of bio-fuels. For a more detailed discussion of such risks and other
factors, see the Company's 2009 Annual Report on Form 10-K, filed on
April 17, 2010, with the Securities and Exchange Commission, and its
other SEC filings. The Company does not undertake any obligation to
release publicly revisions to any "forward-looking statement," to
reflect events or circumstances after the date of this news release,
to update or provide advice in the event of any change, addition or
alteration to the information contained in this news release
including such forward-looking statement, or to reflect the
occurrence of unanticipated events, except as may be required under
applicable securities laws.
Contact:
Investor Relations:
1-866-460-7336
Email Contact
Green Energy Live, Inc.
1740 44th Street, Suite 5-230
Wyoming, MI 49519-6443
www.greenenergylive.com
SOURCE: Green Energy Live
http://www2.marketwire.com/mw/emailprcntct?id=A8DEE7A4BFA8D0…
http://www.greenenergylive.com
GELV - WKN: A0RMX9 - Green Energy - Handelbar in Frankfurt & USA $$$$$$$$$$$$$$$$$$
GELV - Green Energy - Ein aufstrebendes US - Unternehmen - 2 Revolutionäre US Patente - Alternative Energien
Sollte man sich auf die Watchlist packen oder besser gleich einsteigen.
GELV - Strong Buy $$$$$$$$$$$$$$$$$$$
GELV - Green Energy - Ein aufstrebendes US - Unternehmen - 2 Revolutionäre US Patente - Alternative Energien
Sollte man sich auf die Watchlist packen oder besser gleich einsteigen.
GELV - Strong Buy $$$$$$$$$$$$$$$$$$$
The Company Web site The Company on Yahoo Finance The Companys SEC filings
http://www.greenenergylive.com/ http://finance.yahoo.com/q?s=gelv.ob http://finance.yahoo.com/q/sec?s=GELV.OB+SEC+Filings
http://www.greenenergylive.com/ http://finance.yahoo.com/q?s=gelv.ob http://finance.yahoo.com/q/sec?s=GELV.OB+SEC+Filings
details. A final agreement is pending approval of the Board at the time of the filing of this Quarterly Report.
We have developed, acquired and maintained a portfolio of patent applications and an approved patent that form the proprietary base for our research and development efforts in the area of renewable energy. Assuming that our patent applications are granted, which is not assured, this technology base will provide a competitive advantage and will facilitate the successful development and commercialization of techniques and devices for use in a wide array of alternative energy approaches including bio-fuels, advanced fermentation, and a novel solar thermoelectric power generation technology. One of our three pending patents, entitled "The Direct Steam Injection Heater with Integrated Reactor and Boiler," was approved and issued on July 14, 2009. Another of the patents was initially denied and is currently under appeal for approval. In the event our appeal on this patent is denied, we believe this will have no material effect on the execution of our business plan. No final communication has been received for the two pending patents.
The Companys current situation
We have developed, acquired and maintained a portfolio of patent applications and an approved patent that form the proprietary base for our research and development efforts in the area of renewable energy. Assuming that our patent applications are granted, which is not assured, this technology base will provide a competitive advantage and will facilitate the successful development and commercialization of techniques and devices for use in a wide array of alternative energy approaches including bio-fuels, advanced fermentation, and a novel solar thermoelectric power generation technology. One of our three pending patents, entitled "The Direct Steam Injection Heater with Integrated Reactor and Boiler," was approved and issued on July 14, 2009. Another of the patents was initially denied and is currently under appeal for approval. In the event our appeal on this patent is denied, we believe this will have no material effect on the execution of our business plan. No final communication has been received for the two pending patents.
The Companys current situation
The Companys current situation
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
The following discussion should be read in conjunction with the Financial Statements and Notes thereto appearing elsewhere in this Form 10-Q. The following discussion contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to future events or our future performance. Without limitation, the words "believe", "plans", "expects" and similar expressions are intended to identify forward-looking statements regarding our intent, belief, and current expectation. These statements are not guarantees of future performance and are subject to risks and uncertainties that cannot be predicted or quantified. Consequently, actual results could differ materially from the expected or implied by such forward-looking statements. These forward-looking statements represent our judgment as of the date of the report. We disclaim, however, any intent or obligation to update any forward-looking statements.
We are a renewable energy technology company focused on developing and commercializing energy conversion technology in the emerging field of fossil fuel alternatives. Our business strategy is to grow through acquisitions of established companies that fit our business plan. The current market trends in the renewable energy industry have caused us to focus first on the biomass to fuel segment of the renewable energy industry.
In July, 2009, we exited the developmental stage and became operational with the acquisition of Comanche Livestock Exchange, LLC ("Comanche" or "CLE") in Comanche, Texas. Comanche Livestock Exchange, LLC was one of the two acquisition candidates that were identified in late 2008 for which we had signed letters of intent for acquisition. We acquired Comanche because of its long time presence in the livestock market and its strategic location in the middle of Texas, a state with a large livestock industry. To offer a renewable energy solution in the biomass to fuel segment, Green Energy Live, Inc. must have a market presence or access to the livestock industry to reach potential end users of a biomass to fuel energy system. Comanche gives us the inroad into this market segment with its extensive customer base and its well regarded reputation.
On March 18, 2010, we completed payment of the first $450,000 installment ("First Installment") of the $950,000 acquisition Promissory Note due to Mr. Dean Cagle, the former owner of CLE, under the CLE Stock Purchase Agreement. We accomplished this by a series of cash payments to Mr. Cagle in the fourth quarter of 2009, followed by conversions of the $65,900 remaining balance by Mr. Cagle to our common stock in the first quarter of 2010. A total of 98,253,700 common shares with a total market value of $1,309,667 were issued to Mr. Cagle as of result of these conversions. Of the total market value in common stock issued, $936,840 represented and was recorded as a premium payment on the original debt owed. $65,900 was recorded to debt payment, resulting in an excess of $306,927 in stock value received by Mr. Cagle over the recorded debt balance owed. The excess stock value paid to Mr. Cagle represents the amount of the mortgage note balance outstanding as of March 31, 2010 on the CLE land and buildings that had been assumed by us as a part of the acquisition of CLE, although it remains personally guaranteed by Mr. Cagle. Under the terms of the Purchase Agreement, the Promissory Note was to be reduced by any debt assumed by us at closing. However, it was the intent of both we and Mr. Cagle for the First Installment to be settled in its entirety prior to Mr. Cagle paying off the mortgage note. With the final settlement of the First Installment on March 18, 2010, Mr. Cagle is obligated to pay off the mortgage note in full, which we expect will occur in the second quarter of 2010. Until that time, we have recorded the excess stock value issued to Mr. Cagle as a note receivable. The remaining $500,000 balance on the Promissory Note is due in two annual installments of $250,000 beginning in August 2010.
We began discussions with Peck Electric, Inc. ("Peck"), in Burlington, Vermont back in 2008 and entered into a letter of intent for the acquisition of Peck Electric, which expired in 2009 but was recently renewed in February, 2010. Assuming that our proposed acquisition of Peck is consummated, we will have the technological expertise to install at the end user, any biodigester systems that are developed or acquired. In 2009, Peck began to install solar energy systems and has added this offering to its business mix, which we feel makes this a strong fit for the next acquisition. Solar energy installations are also becoming a leading alternative to fossil fuel usage. We also intend to seek out growth in this market by acquiring Peck Solar, a division of Peck Electric, Inc. Peck Solar is a leading solar installation and design firm in Vermont. Our ability to enter into a definitive agreement to acquire Peck, and our ability to complete any such acquisition, will depend upon our ability to raise capital on favorable terms, which is not assured.
Although we currently do not possess any biodigester system at this time, we are actively seeking to acquire an existing biodigester renewable energy company to complete the pieces we need to have in place to offer a turnkey renewable energy solution. We have access to a very effective prospecting system that reviews dozens of companies on a monthly basis and we anticipate that we will have an acquisition candidate identified soon. However, any further acquisition will depend upon our ability to raise capital on favorable terms, which is not assured. We intend to finance these pending and planned acquisitions with an agreement for equity financing of up to $20,000,000 from Dutchess Capital Management, LLC. The Company has had an agreement with Dutchess since June of 2007 and the Company has determined that this agreement is to be updated and will be the funding source for the acquisitions. The Board met with Dutchess on April 28, 2010 to discuss the
There are strong competitors in our field that have superior financial resources. However, based on our market research and industry analysis, we believe that we will have a competitive advantage in the biomass to fuel industry segment, if we are able to raise a substantial amount of capital to execute our business plan, which is not assured.
We have conducted basic research regarding a potential biomass to fuel energy system, which has not yet been developed or acquired. We are focused on leveraging our key assets, including our intellectual property, our engineering team, our market insight and our capital, to accelerate the advancement of our basic or planned technologies. In addition, we have made preliminary inquiries regarding possible strategic collaborations with members of academia, industry and foundations which, if consummated, would further accelerate the pace of our research efforts. We are currently headquartered in Wyoming, Michigan (near Grand Rapids, Michigan). In January 2010, the Company moved from temporary leased space into a leased office of approximately 2,450 square feet in a commercial office building. The lease is for one year and is renewable for three additional years and a new lease rate to be determined. The first year lease is $2,400 per month with the Company paying for all utilities for the leased space and the landlord pays for all external maintenance to the property.
Plan of Operation
Our initial funding was provided by the sale of shares pursuant to Regulation S from our founding through the third quarter of 2009. We began to actively look for other funding sources during the latter half of 2009 and received loans from shareholders and some convertible loans from various funding groups. During the first quarter of 2010, we received additional convertible loans and also issued stock to retire outstanding debt from various long term vendors. We are currently finalizing our equity financing agreement Dutchess Capital Management, LLC to purchase up to $20 million of our stock which we intend to used for existing and future acquisitions. Other funding sources are currently being explored.
Our plan is to focus our market penetration on the biodigester market of the green energy industry. Through our acquisitions, we hope to be able to offer turnkey solutions of alternate power for heavily concentrated livestock operations. In addition to the biodigester market, we will have a presence in the solar power as well as natural fertilizer markets if we are able to acquire Peck Electric. We are actively seeking to acquire a company that has an existing biodigester system installed and operating, but our ability to do so depends on raising a sufficient amount of capital.
We hope to utilize our bioreactor technology that targets the bioremediation market. We have applied for a patent for this technology, which has the flexibility to be applied across many industries. We plan to target companies capable of leveraging the technology and capital that conforms with our financial selection criteria. We intend to acquire an ongoing entity, develop a working prototype, and then implement our marketing plan to move our technology into commercial applications. Our ability to do so is contingent on obtaining a significant quantity of additional capital, which is not assured.
Our strategy for acquiring existing entities is to give us the revenue earned by the acquired entities and obtain sufficient capital to be eventually listed on an exchange, thereby maximizing shareholder value. We believe that such acquisitions will allow us access to lower cost funding for future growth. We are targeting companies to acquire in the range of $5 million to $25 million in annual revenue. As previously stated, we have signed a letter of intent to acquire Peck Electric, which will be audited in the 2nd quarter of 2010 with a view towards entering into a final acquisition agreement. We will continue using our prospecting system to identify other companies that are a good fit for our business plan. Again, our ability to do so is contingent on obtaining a significant quantity of additional capital, which is not assured.
Ethanol Plan
Eventually we plan to create an economically sustainable, socially beneficial, environmentally responsible ethanol process that uses an integrated approach to resource management for the economic and social betterment of the world's farmers, rural communities, and citizens. However, it is extremely expensive to enter this market. We are exploring ways to produce ethanol with non food bio resources at a much smaller scale than currently being done. Our approved patent addresses one of the phases of production that will allow for smaller scale and thus lower cost operations. Because of the volatile crude oil market swings of 2008, and a lack of sufficient capital, the Company is postponing any entry into the ethanol production until the market conditions for Ethanol stabilize.
Biomass-to-Fuel Plan
We hope to develop new technologies to help America's farmers and livestock businesses to provide "Green Energy" for our future today. Currently, there are very few competitors in this industry segment. We have searched widely for a potential acquisition target in this market, but have been unable to locate companies that have done more than a one time installation of a biomass to fuel system. We have targeted this part of the Green Energy industry to concentrate its resources in 2010 because of the apparent lack of competition.
We believe that Green Energy's technology potentially could result in low-cost facilities that use biomass waste. Green Energy may have the ability to achieve significant market penetration within this industry segment.
The recycling of diverse consumables, such as the re-use of cooking oils and that of animal fats and their waste products, is one aspect of the bio-fuels industry. Converting animal waste to fuel would not upset the 'balance' of the agricultural panoply. In contrast, growing crops for biomass fuels such as ethanol can result in unwanted problems. In 2008, the price of corn increased significantly due to ethanol production. This in turn, affected the price of food in the United States as well as in other countries. We believe that ethanol is not a sustainable business model, thus we are turning to the use of animal waste as a biomass fuel source. Converting animal waste to fuel could prevent contamination of watersheds. Traditionally, disposing animal waste represents a cost to animal farmers, ranchers and feed lot owners thus affecting their profits. Using animal waste to create energy instead could enable operators to realize profits from animal waste if enough energy can be created to send out to the "grid". At the very least, if we are successful in acquiring or developing suitable technology, this animal waste can be used to reduce operators' demand and cost for utilities, thus reducing the overhead of their operations in two ways: eliminating the cost to dispose of animal waste and reducing their need to purchase electricity from utility companies. There are very few companies offering solutions in this market segment and we have determined that this is the best entry point for a new company with limited resources.
Solar
As an alternative to fossil fuel usage, solar to electric installations have gained business share and solar systems are becoming more reliable and aesthetically pleasing. Peck Solar, a division of Peck Electric, is a full service solar contractor capable of designing, installing, and assisting customers with financial incentives for anything from a 1kw residential system to a multi-megawatt commercial or municipal system. Peck Solar has been a leader in expert solar installation in Vermont and continues to gain expertise in solar installation. They are one of the only companies in New England that designs their solar installation systems in-house and they use only solar modules made in the USA. By branching out into Solar, Peck would bring this renewable energy segment to us should this acquisition is completed. However, the letter of intent we have issued is not a binding agreement and this acquisition is contingent upon the satisfactory completion of due diligence. Also, there is no assurance the acquisition will be completed, and the anticipated closing date may be extended if certain terms and conditions are not met. If the acquisition does occur, there is a risk that the benefits anticipated through such acquisition will not be realized due to, among other things, Green Energy's possible inability to successfully integrate Peck.
Director and Employee Compensation
In the first quarter of 2010, the Board instituted a new policy that will compensate Board members for their services for the first time since inception. Effective January 1, 2010, each Board member receives a $7,500 monthly stipend for Board service. The Chair of the Board receives a monthly stipend of $1,500 for the additional services required of the Chair. Each Audit Committee member receives $2,500 in a monthly stipend. The Chair of the Audit Committee receives $1,500 in a monthly stipend for the additional services required of the Chair. In addition to these monthly stipends, the Board approved a $60,000 lump sum compensation for each new Board member that join the Board in the future, and made these lump sum compensation awards effective for existing Board members as of January 1, 2010. In addition to the one time lump sum compensation approved for Board members, there was a $20,000 lump sum compensation approved for each new and existing audit committee members effective January 1, 2010. In addition, the Board approved a $12,000 lump sum compensation for each new and existing Chairs of Board and Audit Committee. These payments were approved so the Company can attract and maintain qualified Board members. The total amount of Board compensation expense for this plan was $335,500 for the first quarter of 2010. The commitment for this compensation for the remainder of 2010, based on the current Directors, is $274,500.
Results of Operations
Three months ended March 31, 2010 and March 31, 2009 Due to the acquisition of our first operating subsidiary, Comanche, on July 24, 2009, the results of operations for the three months ended March 31, 2010 are not comparable to that of the same period in 2009. Until July 24, 2009, we had been engaged in developmental activities such as acquisitions, patent development and financing, and had not generated any revenues while at the same time incurring significant development-related expenses.
Revenues -
We recorded revenue from planned principal operations of $138,339 for the three months ended March 31, 2010. There were no revenues recorded for the three month period ended March 31, 2009, as this was prior to us acquiring an operational business. Reported revenues for 2010 were derived entirely from the operations of Comanche.
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
The following discussion should be read in conjunction with the Financial Statements and Notes thereto appearing elsewhere in this Form 10-Q. The following discussion contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to future events or our future performance. Without limitation, the words "believe", "plans", "expects" and similar expressions are intended to identify forward-looking statements regarding our intent, belief, and current expectation. These statements are not guarantees of future performance and are subject to risks and uncertainties that cannot be predicted or quantified. Consequently, actual results could differ materially from the expected or implied by such forward-looking statements. These forward-looking statements represent our judgment as of the date of the report. We disclaim, however, any intent or obligation to update any forward-looking statements.
We are a renewable energy technology company focused on developing and commercializing energy conversion technology in the emerging field of fossil fuel alternatives. Our business strategy is to grow through acquisitions of established companies that fit our business plan. The current market trends in the renewable energy industry have caused us to focus first on the biomass to fuel segment of the renewable energy industry.
In July, 2009, we exited the developmental stage and became operational with the acquisition of Comanche Livestock Exchange, LLC ("Comanche" or "CLE") in Comanche, Texas. Comanche Livestock Exchange, LLC was one of the two acquisition candidates that were identified in late 2008 for which we had signed letters of intent for acquisition. We acquired Comanche because of its long time presence in the livestock market and its strategic location in the middle of Texas, a state with a large livestock industry. To offer a renewable energy solution in the biomass to fuel segment, Green Energy Live, Inc. must have a market presence or access to the livestock industry to reach potential end users of a biomass to fuel energy system. Comanche gives us the inroad into this market segment with its extensive customer base and its well regarded reputation.
On March 18, 2010, we completed payment of the first $450,000 installment ("First Installment") of the $950,000 acquisition Promissory Note due to Mr. Dean Cagle, the former owner of CLE, under the CLE Stock Purchase Agreement. We accomplished this by a series of cash payments to Mr. Cagle in the fourth quarter of 2009, followed by conversions of the $65,900 remaining balance by Mr. Cagle to our common stock in the first quarter of 2010. A total of 98,253,700 common shares with a total market value of $1,309,667 were issued to Mr. Cagle as of result of these conversions. Of the total market value in common stock issued, $936,840 represented and was recorded as a premium payment on the original debt owed. $65,900 was recorded to debt payment, resulting in an excess of $306,927 in stock value received by Mr. Cagle over the recorded debt balance owed. The excess stock value paid to Mr. Cagle represents the amount of the mortgage note balance outstanding as of March 31, 2010 on the CLE land and buildings that had been assumed by us as a part of the acquisition of CLE, although it remains personally guaranteed by Mr. Cagle. Under the terms of the Purchase Agreement, the Promissory Note was to be reduced by any debt assumed by us at closing. However, it was the intent of both we and Mr. Cagle for the First Installment to be settled in its entirety prior to Mr. Cagle paying off the mortgage note. With the final settlement of the First Installment on March 18, 2010, Mr. Cagle is obligated to pay off the mortgage note in full, which we expect will occur in the second quarter of 2010. Until that time, we have recorded the excess stock value issued to Mr. Cagle as a note receivable. The remaining $500,000 balance on the Promissory Note is due in two annual installments of $250,000 beginning in August 2010.
We began discussions with Peck Electric, Inc. ("Peck"), in Burlington, Vermont back in 2008 and entered into a letter of intent for the acquisition of Peck Electric, which expired in 2009 but was recently renewed in February, 2010. Assuming that our proposed acquisition of Peck is consummated, we will have the technological expertise to install at the end user, any biodigester systems that are developed or acquired. In 2009, Peck began to install solar energy systems and has added this offering to its business mix, which we feel makes this a strong fit for the next acquisition. Solar energy installations are also becoming a leading alternative to fossil fuel usage. We also intend to seek out growth in this market by acquiring Peck Solar, a division of Peck Electric, Inc. Peck Solar is a leading solar installation and design firm in Vermont. Our ability to enter into a definitive agreement to acquire Peck, and our ability to complete any such acquisition, will depend upon our ability to raise capital on favorable terms, which is not assured.
Although we currently do not possess any biodigester system at this time, we are actively seeking to acquire an existing biodigester renewable energy company to complete the pieces we need to have in place to offer a turnkey renewable energy solution. We have access to a very effective prospecting system that reviews dozens of companies on a monthly basis and we anticipate that we will have an acquisition candidate identified soon. However, any further acquisition will depend upon our ability to raise capital on favorable terms, which is not assured. We intend to finance these pending and planned acquisitions with an agreement for equity financing of up to $20,000,000 from Dutchess Capital Management, LLC. The Company has had an agreement with Dutchess since June of 2007 and the Company has determined that this agreement is to be updated and will be the funding source for the acquisitions. The Board met with Dutchess on April 28, 2010 to discuss the
There are strong competitors in our field that have superior financial resources. However, based on our market research and industry analysis, we believe that we will have a competitive advantage in the biomass to fuel industry segment, if we are able to raise a substantial amount of capital to execute our business plan, which is not assured.
We have conducted basic research regarding a potential biomass to fuel energy system, which has not yet been developed or acquired. We are focused on leveraging our key assets, including our intellectual property, our engineering team, our market insight and our capital, to accelerate the advancement of our basic or planned technologies. In addition, we have made preliminary inquiries regarding possible strategic collaborations with members of academia, industry and foundations which, if consummated, would further accelerate the pace of our research efforts. We are currently headquartered in Wyoming, Michigan (near Grand Rapids, Michigan). In January 2010, the Company moved from temporary leased space into a leased office of approximately 2,450 square feet in a commercial office building. The lease is for one year and is renewable for three additional years and a new lease rate to be determined. The first year lease is $2,400 per month with the Company paying for all utilities for the leased space and the landlord pays for all external maintenance to the property.
Plan of Operation
Our initial funding was provided by the sale of shares pursuant to Regulation S from our founding through the third quarter of 2009. We began to actively look for other funding sources during the latter half of 2009 and received loans from shareholders and some convertible loans from various funding groups. During the first quarter of 2010, we received additional convertible loans and also issued stock to retire outstanding debt from various long term vendors. We are currently finalizing our equity financing agreement Dutchess Capital Management, LLC to purchase up to $20 million of our stock which we intend to used for existing and future acquisitions. Other funding sources are currently being explored.
Our plan is to focus our market penetration on the biodigester market of the green energy industry. Through our acquisitions, we hope to be able to offer turnkey solutions of alternate power for heavily concentrated livestock operations. In addition to the biodigester market, we will have a presence in the solar power as well as natural fertilizer markets if we are able to acquire Peck Electric. We are actively seeking to acquire a company that has an existing biodigester system installed and operating, but our ability to do so depends on raising a sufficient amount of capital.
We hope to utilize our bioreactor technology that targets the bioremediation market. We have applied for a patent for this technology, which has the flexibility to be applied across many industries. We plan to target companies capable of leveraging the technology and capital that conforms with our financial selection criteria. We intend to acquire an ongoing entity, develop a working prototype, and then implement our marketing plan to move our technology into commercial applications. Our ability to do so is contingent on obtaining a significant quantity of additional capital, which is not assured.
Our strategy for acquiring existing entities is to give us the revenue earned by the acquired entities and obtain sufficient capital to be eventually listed on an exchange, thereby maximizing shareholder value. We believe that such acquisitions will allow us access to lower cost funding for future growth. We are targeting companies to acquire in the range of $5 million to $25 million in annual revenue. As previously stated, we have signed a letter of intent to acquire Peck Electric, which will be audited in the 2nd quarter of 2010 with a view towards entering into a final acquisition agreement. We will continue using our prospecting system to identify other companies that are a good fit for our business plan. Again, our ability to do so is contingent on obtaining a significant quantity of additional capital, which is not assured.
Ethanol Plan
Eventually we plan to create an economically sustainable, socially beneficial, environmentally responsible ethanol process that uses an integrated approach to resource management for the economic and social betterment of the world's farmers, rural communities, and citizens. However, it is extremely expensive to enter this market. We are exploring ways to produce ethanol with non food bio resources at a much smaller scale than currently being done. Our approved patent addresses one of the phases of production that will allow for smaller scale and thus lower cost operations. Because of the volatile crude oil market swings of 2008, and a lack of sufficient capital, the Company is postponing any entry into the ethanol production until the market conditions for Ethanol stabilize.
Biomass-to-Fuel Plan
We hope to develop new technologies to help America's farmers and livestock businesses to provide "Green Energy" for our future today. Currently, there are very few competitors in this industry segment. We have searched widely for a potential acquisition target in this market, but have been unable to locate companies that have done more than a one time installation of a biomass to fuel system. We have targeted this part of the Green Energy industry to concentrate its resources in 2010 because of the apparent lack of competition.
We believe that Green Energy's technology potentially could result in low-cost facilities that use biomass waste. Green Energy may have the ability to achieve significant market penetration within this industry segment.
The recycling of diverse consumables, such as the re-use of cooking oils and that of animal fats and their waste products, is one aspect of the bio-fuels industry. Converting animal waste to fuel would not upset the 'balance' of the agricultural panoply. In contrast, growing crops for biomass fuels such as ethanol can result in unwanted problems. In 2008, the price of corn increased significantly due to ethanol production. This in turn, affected the price of food in the United States as well as in other countries. We believe that ethanol is not a sustainable business model, thus we are turning to the use of animal waste as a biomass fuel source. Converting animal waste to fuel could prevent contamination of watersheds. Traditionally, disposing animal waste represents a cost to animal farmers, ranchers and feed lot owners thus affecting their profits. Using animal waste to create energy instead could enable operators to realize profits from animal waste if enough energy can be created to send out to the "grid". At the very least, if we are successful in acquiring or developing suitable technology, this animal waste can be used to reduce operators' demand and cost for utilities, thus reducing the overhead of their operations in two ways: eliminating the cost to dispose of animal waste and reducing their need to purchase electricity from utility companies. There are very few companies offering solutions in this market segment and we have determined that this is the best entry point for a new company with limited resources.
Solar
As an alternative to fossil fuel usage, solar to electric installations have gained business share and solar systems are becoming more reliable and aesthetically pleasing. Peck Solar, a division of Peck Electric, is a full service solar contractor capable of designing, installing, and assisting customers with financial incentives for anything from a 1kw residential system to a multi-megawatt commercial or municipal system. Peck Solar has been a leader in expert solar installation in Vermont and continues to gain expertise in solar installation. They are one of the only companies in New England that designs their solar installation systems in-house and they use only solar modules made in the USA. By branching out into Solar, Peck would bring this renewable energy segment to us should this acquisition is completed. However, the letter of intent we have issued is not a binding agreement and this acquisition is contingent upon the satisfactory completion of due diligence. Also, there is no assurance the acquisition will be completed, and the anticipated closing date may be extended if certain terms and conditions are not met. If the acquisition does occur, there is a risk that the benefits anticipated through such acquisition will not be realized due to, among other things, Green Energy's possible inability to successfully integrate Peck.
Director and Employee Compensation
In the first quarter of 2010, the Board instituted a new policy that will compensate Board members for their services for the first time since inception. Effective January 1, 2010, each Board member receives a $7,500 monthly stipend for Board service. The Chair of the Board receives a monthly stipend of $1,500 for the additional services required of the Chair. Each Audit Committee member receives $2,500 in a monthly stipend. The Chair of the Audit Committee receives $1,500 in a monthly stipend for the additional services required of the Chair. In addition to these monthly stipends, the Board approved a $60,000 lump sum compensation for each new Board member that join the Board in the future, and made these lump sum compensation awards effective for existing Board members as of January 1, 2010. In addition to the one time lump sum compensation approved for Board members, there was a $20,000 lump sum compensation approved for each new and existing audit committee members effective January 1, 2010. In addition, the Board approved a $12,000 lump sum compensation for each new and existing Chairs of Board and Audit Committee. These payments were approved so the Company can attract and maintain qualified Board members. The total amount of Board compensation expense for this plan was $335,500 for the first quarter of 2010. The commitment for this compensation for the remainder of 2010, based on the current Directors, is $274,500.
Results of Operations
Three months ended March 31, 2010 and March 31, 2009 Due to the acquisition of our first operating subsidiary, Comanche, on July 24, 2009, the results of operations for the three months ended March 31, 2010 are not comparable to that of the same period in 2009. Until July 24, 2009, we had been engaged in developmental activities such as acquisitions, patent development and financing, and had not generated any revenues while at the same time incurring significant development-related expenses.
Revenues -
We recorded revenue from planned principal operations of $138,339 for the three months ended March 31, 2010. There were no revenues recorded for the three month period ended March 31, 2009, as this was prior to us acquiring an operational business. Reported revenues for 2010 were derived entirely from the operations of Comanche.
Operating Expenses -
Consolidated operating expenses were $721,301 for the three months ended March 31, 2010 compared to $171,883 for the same period in 2009, an increase of $549,418 or 320%. Employee compensation increased during the three months ended March 31, 2010 by approximately $82,000 due primarily as a reflection of CLE's payroll (CLE was not acquired until July 2009) and increase of the CEO's compensation to $20,000 per month beginning January 1, 2010 versus $10,000 per month during this period in 2009. During the three months ended March 31, 2010, Board compensation was $335,500, versus no compensation to Board members during the same period in 2009. Of the increase in general and administrative expenses of approximately $142,000 for the three months ended March 31, 2010 over the same period in 2009, approximately $84,000 is attributable to the operating expenses of CLE. The increase of approximately $91,000 in professional fees during the three months ended March 31, 2010 over the same period in 2009 was a reflection of increased compliance reporting costs after the acquisition of CLE and professional costs associated with significantly increased financing activities of the Company.
Other Income/Expense -
Interest expense was $161,659 for the three months ended March 31, 2010 compared to $0 for same period in 2009. This was due substantially to interest relating to the CLE acquisition note executed in the 3rd quarter of 2009, along with interest on convertible notes issued in the 4th quarter of 2009 and 1st quarter of 2010. We incurred premium costs of $936,840 in the first quarter of 2010 resulting from issuing our common stock to extinguish debt relating to our acquisition of CLE. We also incurred premium costs in the first quarter of 2010 of $489,958 by issuing our common stock to extinguish certain of our accounts payable.
Liquidity and Capital Resources
At March 31, 2010, we had a deficit in working capital of $821,814 compared to $809,097 at December 31, 2009. Our cash and restricted cash balances at March 31, 2010 were $20,979 and $186,291, respectively, compared to our cash and restricted cash balances of $31,979 and $72,874 at December 31, 2009, respectively.
The increase in working capital deficit was attributable to both developmental activities occurring during the period relating to planned business expansion and the CLE acquisition which increased our current liabilities, the current portion of Seller-financed debt of the CLE acquisition and the convertible promissory notes issued. Our primary liquidity needs are to fund our working capital deficit acquisition debt service and acquisitions. Our primary source of liquidity is currently the issuance of convertible notes which we expect to be converted to common shares prior to their maturities.
To raise funds for working capital, during the period from January 4, 2010 to April 27, 2010, we issued a series of convertible notes to Asher Enterprises, Inc. receiving a total of $175,000 in cash in the 1st quarter of 2010, followed by $75,000 in the 2nd quarter to date. To raise further funds for our debt and working capital deficit, we have reached a tentative agreement with Duchess Equity Fund LP, subject to our Board's approval, for sale of up to 20,000,000 shares of our stock over a 36 month period. The agreement is contingent upon submission of an effective registration statement with the SEC. We believe that when we have an effective registration statement, this will facilitate raising capital and facilitate further sales. However, there is no guarantee that any effective registration statement will result in raising sufficient capital to meet our needs, if any at all. In addition, we are exploring other private equity and debt financing opportunities.
Off-Balance Sheet Arrangements
We do not have any off balance sheet arrangements, financings, or other relationships with unconsolidated entities or other persons, also known as "special purpose entities" (SPEs).
Consolidated operating expenses were $721,301 for the three months ended March 31, 2010 compared to $171,883 for the same period in 2009, an increase of $549,418 or 320%. Employee compensation increased during the three months ended March 31, 2010 by approximately $82,000 due primarily as a reflection of CLE's payroll (CLE was not acquired until July 2009) and increase of the CEO's compensation to $20,000 per month beginning January 1, 2010 versus $10,000 per month during this period in 2009. During the three months ended March 31, 2010, Board compensation was $335,500, versus no compensation to Board members during the same period in 2009. Of the increase in general and administrative expenses of approximately $142,000 for the three months ended March 31, 2010 over the same period in 2009, approximately $84,000 is attributable to the operating expenses of CLE. The increase of approximately $91,000 in professional fees during the three months ended March 31, 2010 over the same period in 2009 was a reflection of increased compliance reporting costs after the acquisition of CLE and professional costs associated with significantly increased financing activities of the Company.
Other Income/Expense -
Interest expense was $161,659 for the three months ended March 31, 2010 compared to $0 for same period in 2009. This was due substantially to interest relating to the CLE acquisition note executed in the 3rd quarter of 2009, along with interest on convertible notes issued in the 4th quarter of 2009 and 1st quarter of 2010. We incurred premium costs of $936,840 in the first quarter of 2010 resulting from issuing our common stock to extinguish debt relating to our acquisition of CLE. We also incurred premium costs in the first quarter of 2010 of $489,958 by issuing our common stock to extinguish certain of our accounts payable.
Liquidity and Capital Resources
At March 31, 2010, we had a deficit in working capital of $821,814 compared to $809,097 at December 31, 2009. Our cash and restricted cash balances at March 31, 2010 were $20,979 and $186,291, respectively, compared to our cash and restricted cash balances of $31,979 and $72,874 at December 31, 2009, respectively.
The increase in working capital deficit was attributable to both developmental activities occurring during the period relating to planned business expansion and the CLE acquisition which increased our current liabilities, the current portion of Seller-financed debt of the CLE acquisition and the convertible promissory notes issued. Our primary liquidity needs are to fund our working capital deficit acquisition debt service and acquisitions. Our primary source of liquidity is currently the issuance of convertible notes which we expect to be converted to common shares prior to their maturities.
To raise funds for working capital, during the period from January 4, 2010 to April 27, 2010, we issued a series of convertible notes to Asher Enterprises, Inc. receiving a total of $175,000 in cash in the 1st quarter of 2010, followed by $75,000 in the 2nd quarter to date. To raise further funds for our debt and working capital deficit, we have reached a tentative agreement with Duchess Equity Fund LP, subject to our Board's approval, for sale of up to 20,000,000 shares of our stock over a 36 month period. The agreement is contingent upon submission of an effective registration statement with the SEC. We believe that when we have an effective registration statement, this will facilitate raising capital and facilitate further sales. However, there is no guarantee that any effective registration statement will result in raising sufficient capital to meet our needs, if any at all. In addition, we are exploring other private equity and debt financing opportunities.
Off-Balance Sheet Arrangements
We do not have any off balance sheet arrangements, financings, or other relationships with unconsolidated entities or other persons, also known as "special purpose entities" (SPEs).
Ka explosivartig durch die Decke schießen
0,10+++ in Kürze %%%%%%%%%%%
Strog Buy
$$$$$$$$$$$$$$$$
Euer Adracs
zwei US Patente in Areit $$$$$$$$$$$$$$$$$$$$$$$$$$$
Jetzt eisteigen
GELV on Twitter. GELV - WKN: A0RMX9 Merger kommt
GELV - WKN: A0RMX9 - Green Energy - Handelbar in Frankfurt & USA $$$$$$$$$$$$$$$$$$
GELV - Green Energy - Ein aufstrebendes US - Unternehmen - 2 Revolutionäre US Patente - Alternative Energien
Sollte man sich auf die Watchlist packen oder besser gleich einsteigen.
GELV - Strong Buy $$$$$$$$$$$$$$$$$$$ melden
Green Energy Live Terminates Potential Acquisition 5:14p ET February 15, 2011 (Business Wire)
On September 27, 2010, Green Energy Live, Inc. (OTCBB: GELV) announced it has updated its Letter of Intent to acquire Peck Electric. Green Energy Live was unable to secure financing to complete the acquisition, and the Letter of Intent has expired. At the time that Green Energy Live is able to secure potential financing, it will undertake new discussion with Peck Electric.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements include, without limitation, plans and expectations regarding the development of GELV's gasification technology and other projects and operations. GELV has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith based upon currently available information, and is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements.
SOURCE: Green Energy Live, Inc.
Green Energy Live, Inc.
Richelle Kim, 800-557-9752
investorrelations@greenenergylive.com
Antwort auf Beitrag Nr.: 41.173.207 von Adracs am 09.03.11 19:15:34du hast aber schon gesehen das die news 1 monat alt ist oder
und kursziel 0,1 mit dem OS: uns seit dem sind 5 monate vergangen und enorm viel vol. gehandelt worden unter fallenden kursen. durch dilution sind jetzt sicher schon 3bil aktien OS. kannst froh sein hier mal 0,001 zu sehen wenn ein merger kommt, was ich stark bezweifel. ein loi ist nichts verbindliches. lois werden 100 geschlossen wovon 2 merger bei raus kommen. diese aktie ist ein SCAM. das ask ist so voll, da braucht es schon 200 mio um nur mal die 0003 zu sehen
Shares Outstanding 2,311,476,692 a/o Nov 22, 2010
und nach dem letzten R/S 2009 muss man auch noch aufpassen das bei 0,0002 nicht der nächste folgt. dann ist dein geld für immer verschwunden.
Security Notes
•Capital Change=shs increased by 15 for 1 split. Ex-date=08/13/2009. Rec date=07/25/2009. Pay date=08/12/2009
und das
macht es auch nicht glaubhafter. der name green energy hört sich gut an und passt in die zeit aber das war es auch schon. da hast du in die scheisse gegriffen. viel glück
und kursziel 0,1 mit dem OS: uns seit dem sind 5 monate vergangen und enorm viel vol. gehandelt worden unter fallenden kursen. durch dilution sind jetzt sicher schon 3bil aktien OS. kannst froh sein hier mal 0,001 zu sehen wenn ein merger kommt, was ich stark bezweifel. ein loi ist nichts verbindliches. lois werden 100 geschlossen wovon 2 merger bei raus kommen. diese aktie ist ein SCAM. das ask ist so voll, da braucht es schon 200 mio um nur mal die 0003 zu sehen
Shares Outstanding 2,311,476,692 a/o Nov 22, 2010
und nach dem letzten R/S 2009 muss man auch noch aufpassen das bei 0,0002 nicht der nächste folgt. dann ist dein geld für immer verschwunden.
Security Notes
•Capital Change=shs increased by 15 for 1 split. Ex-date=08/13/2009. Rec date=07/25/2009. Pay date=08/12/2009
und das
macht es auch nicht glaubhafter. der name green energy hört sich gut an und passt in die zeit aber das war es auch schon. da hast du in die scheisse gegriffen. viel glück
Antwort auf Beitrag Nr.: 41.182.721 von Imperator7 am 11.03.11 08:12:43Grüß dich, Ich denke aber , das sich hier ein Invest auf alle mal lohnt.
Wenn es kallt, könnte das setzen auf die Watchlist schon zu spät sein.
Ich sage, beoachten, am besten gleich rein.
Merger kann jede Zeit kommen, haben schon lange nichts gehört, das riecht nach fetten news $$$$$$$$$$$$$$
Wenn es kallt, könnte das setzen auf die Watchlist schon zu spät sein.
Ich sage, beoachten, am besten gleich rein.
Merger kann jede Zeit kommen, haben schon lange nichts gehört, das riecht nach fetten news $$$$$$$$$$$$$$
bis dann
Euer Adracs 
Site of GELV:
http://greenenergylive.com/" target="_blank" rel="nofollow ugc noopener">http://greenenergylive.com/
http://greenenergylive.com/" target="_blank" rel="nofollow ugc noopener">http://greenenergylive.com/
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