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Published in House and Home on Tuesday, September 29th 2009 at 10:06 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
COSTA MESA, CA--(Marketwire - September 29, 2009) - ENVIROTEK (
ENVIROTEK President, Robert Thompson, today announced the acquisition of The Green Energy Company, a privately held commercial energy efficient products and technology distributor and manufacturer.
The company manufactures and distributes commercial lighting and energy efficient saver products.
The company has several commercial "saver" EDU approved products including the CEU "Clean Energy Unit" of which its technology is already a proven saver and has been backed by several southern California municipalities and purchased by renowned shopping Mall Groups who consistently report over 30% savings in power bills with no visible change in the lumens of the HID lighted areas.
The Green Energy Company recently received a significant LOI for their "CEU" with a large Las Vegas Casino & Hotel chain. We expect the LOI to be converted into a purchase order within two weeks, and installation of the units is scheduled to begin in late October. Several other Las Vegas Hotel and Casino groups are currently scheduling onsite testing of the technology.
The installation of this product not only produces significant energy savings, but in most cases qualifies the acquiring entities to receive government rebates towards the actual cost of the equipment. In Nevada for instance, NV Energy has the "Sure Bet Program" of which the CEU has been Pre-Approved for, thus providing an even bigger saving and reducing the ROI on the cost of the unit.
A representative from The Green Energy Company stated, "With MGM, based in Las Vegas, NV, recently announcing that City Center just received a gold LEED certification, a lot of hotel operators are realizing that the next generation of customers realize the value. Now many organizations are trying to attain the same value and quality in an expedited manner and The Green Energy Company is there to help."
To view a video of this release, visit: [ http://www.vodnewswire.com/vodnewswire/news/envirotek-20090929/ ]
Safe Harbor Statement: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as INCL or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
