American Environmental Energy, Inc. (AEEI) Warns Shareholders of Improper Proxy & Investment Solicitations by Equinox Carbon ...
20 Marzo 2009 - 1:07PM
Business Wire
American Environmental Energy, Inc. (Pink Sheets:AEEI) warns its
shareholders that it has become aware of inappropriate
solicitations of investments and proxies by Equinox Carbon
Equities, Inc., a Nevada corporation, and their affiliates. In the
course of such improper solicitations, Equinox Carbon Equities and
its representatives and agents are believed to be making
misrepresentations regarding the business and operations of
American Environmental Energy.
We have been notified by many of our shareholders that
associates of Kensington Resources, a company currently under SEC
and FBI investigation, are soliciting investments and proxies from
the shareholders of American Environmental Energy. Kensington
Resources and many of its affiliates have been ordered to cease and
desist from the offer and sale of securities by state securities
commissioners in at least two states, Texas and Pennsylvania. See
http://www.ssb.state.tx.us/Enforcement/files/1662.pdf.
Solicitations are being made by Carlton Williams, believed to be a
former agent or employee of Kensington Resources, and Billy
Barnwell, an officer of Equinox Carbon Equities. As far as we know,
Equinox Carbon Equities does not have any pre-existing business or
personal relation with the shareholders of American Environmental
Energy and solicitations have been made with inaccurate or
misleading representations. Additionally, Equinox Carbon Equities
has used subscription agreements in the name of American
Environmental Energy without authorization.
American Environmental Energy shareholders should be aware that
the Company is pursuing litigation against Equinox Carbon Equities
and its principals for breach of agreement, unfair business
practices and other claims. American Environmental Energy paid
$425,000 as investments and loans to Equinox Carbon Equities for
80% ownership. After receipt of the funds, Equinox Carbon Equities
terminated the agreement, kept the money and has refused to deliver
the ownership interest. In an effort to avoid the potential
liability for such claims, Equinox Carbon Equities and Billy
Barnwell hopes to gain voting control of American Environmental
Energy through the improper proxy and then cancel and terminate the
litigation against them.
Brent Brewer, CEO of American Environmental Energy, stated:
�Before accepting any offers or solicitations from Equinox Carbon
Equities or its agents, we encourage you to perform thorough due
diligence and call American Environmental Energy for current
information. There will be additional information available to our
shareholders in the March 24th conference call.�
About American Environmental Energy,
Inc.
American Environmental Energy, Inc. is a global developer and
manager of renewable and alternative energy sources including
carbon offsets, with current focuses in bio-diesel fuel, waste to
energy solutions that include anaerobic digesters and pyrolytic
conversions, wind, solar, and carbon sequestration applications and
technologies. American Environmental Energy supports the use of
best available technology and the integration of energy conversion
devices where the company can enhance value creation when bundled
with proprietary techniques to build �ecologically friendly power
parks� that serve the surrounding community.
The information in this press release includes certain
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, including statements
relating to prospective operations. Forward-looking statements
relate to expectations or forecasts of future events. American
Environmental Energy Inc. does not assume the obligation to update
any forward-looking statement. Many factors could cause actual
results to differ materially from American Environmental Energy
Inc.�s forward-looking statements, including the availability of
capital and credit, market forces, economic factors, current and
future competition and other uncertainties.
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