Green Energy Live, Inc. Announces Its Focus on "The Clean Side of Green"
26 Agosto 2010 - 6:00AM
Marketwired
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. Through its letter of intent to
acquire 100% of the stock of Peck Electric Inc., Vermont's leading
provider of electrical contracting services, Green Energy Live has
various opportunities to expand into new areas of clean energy
products and services.
On June 12, 2010 Green Energy Live updated its Letter of Intent
to acquire 100% of the stock in Peck Electric. Upon acquisition,
Peck will become a wholly owned subsidiary. Green Energy Live is
conducting its due diligence and has made several visits to meet
with Peck over the summer, including one last week. Upon completion
of these pre-acquisition activities, Green Energy Live and Peck
Electric will determine a closing date for this transaction.
A significant new growth area for Peck is its exclusive contract
to manufacture core electrical components for ElectroCell
Technologies, Inc.'s (ECT) patented manure treatment technology.
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 as well as potential for significant
expansion in clean energy offerings. 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 field
trials and in the recent certification of ECT as a nutrient
reduction methodology by the state of Pennsylvania's Department of
Environmental Protection. ECT is poised for explosive growth now
that its product is actively being marketed. Peck benefits as the
sole supplier of the control panels for this machine. 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 the
electrical contracting business. Peck has a 40 year history of
capitalizing on new opportunities in the electrical field, and
Green Energy Live is pleased to continue to move forward with the
acquisition of this growing enterprise."
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 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
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