Patten Energy Contracts Current:
Patten Energy, a subsidiary of IENG has secured a contract with Los Angeles County Metropolitan Transportation Authority, $2,026,325.00 Yes that's 2 million for a one year base contract for $997,633.00, and a one year option amount for $1,028,692.00 sales tax inclusive on both.
This was a bid contract in which Patten Energy was the only qualified low bidder. They were recommended for the contract on January 15, 2015. (A little over a month ago) And they were final awarded after no protest by the Board of Directors on January 29. 2015 at the regular board meeting that started at 9:00am Pacific time in the 3rd floor board room.
MIAMI (January 23, 2015)- TCA Fund Management, “TCA”, a boutique Credit Fund specializing in small and mid-cap lending and advisory announced today the closing of a senior secured Line of Credit for a total of $3 Million USD to Integrated Energy Solutions, Inc. TCA has set the initial draw on the line at $750,000 USD.
Integrated Energy Solutions, Inc., the Company, functions as a holding company within the oil and gas sector operating three subsidiaries; Patten Energy, Ap Loops, and Atlantic Pacific. Patten Energy Enterprises, Inc. is its main subsidiary and largest revenue producing, having been successfully operating for twenty-five years.
Founded in 1990, Patten Energy Enterprises, Inc. is a diversified energy marketing and consulting firm specializing in the marketing of petroleum products, natural gas products and alternative vehicle fuels in the public and private sector. Their client base includes Fortune 500 companies, small and medium sized businesses, as well as various segments of the federal, state and local government.
Ap Lubes is a packaging company of quart motor oil targeting the industry’s “top off” segment, blending and producing their namesake motor oils, lubricants and anti-freeze. They target the Midwest and New York markets. Utilizing the line of credit from TCA, Ap Lubes plans to bolster their purchasing power of virgin oil, securing more optimal terms and increasing client volume.
The Company’s third subsidiary, Atlantic-Pacific, is an upstart waste oil collecting and processing company. TCA’s injection of capital will be used to purchase waste oil from various generators such as local service stations and quick lube facilities. This oil will be processed and prepared for several markets, including the oil burner market as fuel, the asphalt industry for road paving and the re-refining industry
Most recent share structure according to SEC filings:
As of September 30, 2014 there were 2 billion shares authorized, and 714,319,093 issued and outstanding.
On December 9, 2014 a schedule 14C was filed to raise the number of authorized shares from 2 billion to 4 billion.
On December 31, 2014 the number of authorized share were raised from 2 billion to 4 billion.
Here is communication between Ernest Remo,and the Sec in regards to the authorized share increase!
Communication between SEC and Ernest Remo (IENG)
3. Please describe briefly the transaction in which the securities are to be issued including a statement as to (1) the nature and approximate amount of consideration to be received by you from the conversion of the convertible securities and (2) the approximate amount devoted to each purpose so far as determinable for which the net proceeds are to be used, as required by Item 11(c) of Schedule 14A.
RESPONSE: The Company does not anticipate receiving new consideration or proceeds from the issuance of the newly authorized stock, as any obligations to issue such newly authorized stock arose prior to the date of the filing of the Schedule 14C and all such consideration has been previously paid.
Integrated Energy Solutions Inc. (OTCPC: IENG)
Integrated Energy Solutions Inc. is a publicly traded (OTCPC: IENG), mining company committed to progressively developing into one of the leading American players in the global Lithium industry. The Company is headquartered in Henderson, NV. Integrated Energy Solutions Inc. has amassed a Lithium portfolio consisting of ~727,779 acres, including a large project in Alberta, Canada, and a project in Western Australia, and four Nevada-based projects nearby the only Lithium producing plant in the US. Integrated Energy Solutions Inc. is moving toward becoming a vertically integrated energy service company.
ERNEST B. REMO, CEO OF Integrated Energy Solutions Inc., COMMENTED ON PROPOSED ACQUISITION OF PATTEN ENERGY:
"This marks one of the first steps in the implementation of the Company's new strategic initiatives. Over the coming weeks and months the Company anticipates making additional progress in implementing these new strategic initiatives and will advise Shareholders regarding any new developments."
"We are very excited about the future of the company and invite all Shareholders and all other interested parties to call or email our Investor Relations team with any questions, comments or concerns."
Integrated Energy Solutions Inc. is keen on making complementary acquisitions in the same vertical and horizontal business segments.
ABOUT LITHIUM: Lithium is a lightweight metal used in a wide range of consumer products the world over: the medical industry uses Lithium as an anti-depressant; industrial uses include glass, ceramic and porcelain enamel manufacture; the aviation industry uses Lithium in alloys. Of particular interest is the use of Lithium for battery production, which has expanded significantly in recent years due to rechargeable Lithium batteries being used increasingly in electrical tools and in the rapidly expanding portable electronics market. Furthermore, the next generation of hybrid and electric vehicles are being designed to use high-capacity Lithium-ion batteries as environmentally-friendly fuel alternatives while the Obama administration has introduced $5 billion in funding and incentives for the development of a secure, domestic battery industry with special focus on Lithium-ion batteries. Nevada is home to upcoming Lithium battery Gigafactory designed to reduce cell costs much faster than the status quo and, by 2020, produce more lithium ion batteries annually than were produced worldwide in 2013.
Entity Name: PATTEN ENERGY ENTERPRISES, INC.
Entity Number: C1787593
Date Filed: 07/19/1996
Entity Address: 3437 S MAIN ST
Entity City, State, Zip: LOS ANGELES CA 90007
Agent for Service of Process: EZEKIEL PATTEN JR
Agent Address: 3437 S MAIN ST
Agent City, State, Zip: LOS ANGELES CA 90007
They have a very impressive list of Fortune 500 clients:
Current and past Clients
Alamo Rent a Car – Inglewood, CA
Amtrak – Santa Barbara, CA
Anheuser Busch – Van Nuys, CA
Arco Gas – Dallas, TX
AT&T – Van Nuys, CA
Ball Corporation – Torrance
California Department of Forestry & Fire – Monterey, CA
California State University – Dominguez Hills, CA
California Department of Transportation – San Diego, CA
California Highway Patrol – San Mateo, CA
California State University – Fullerton, CA
California State University – Northridge, CA
Chemical Trans – Carson, CA
City of Compton, CA
City of Inglewood, CA
City of Long Beach, CA
City of Los Angeles, CA
City of National City, CA
City of Norwalk, CA
City of Pasadena, CA
City of San Diego, CA
City of Santa Monica, CA
County of Riverside, CA
County of San Diego, CA
Crown Disposal Inc. – Sun Valley
Defense Fuel Supply – Washington, DC
Department of Fish & Game – Los Banos, CA
Department of Water Resources – Newhall, CA
Disneyland – Anaheim, CA
E&V Transmission – Los Angeles, CA
Edison Pipeline & Terminal Co. – Long Beach, CA
Energy Services Inc. – New Orleans, LA
Falcon Fuels, Inc. – Long Beach, CA
General Dynamics – San Diego, CA
Grayline/Flyaway – Los Angeles, CA
GTE – Thousand Oaks, CA
H.R. Textron – Newhall, CA
Hasco Oil Co, Inc. – Long Beach, CA
Herzog Contracting Corp. – St. Joseph, MI
Herzog Contracting Corp. – Pomona, CA
Homeland Security – San Diego
Hudson General – Los Angeles, CA
Jet Propulsion Laboratory – Pasadena, CA
Los Angeles Department of Water & Power – Los Angeles, CA
Los Angeles Unified School District – Los Angeles, CA
Laidlaw – San Diego, CA
Lockheed Aircraft Services – Burbank, CA
Los Angeles County, CA
Memo Scaffolding – Norwalk, CA
MTA – Los Angeles, CA
Metro Inc. – Los Angeles
Metropolitan Water District – Los Angeles, CA
Mock Resources, Inc. – Anaheim, CA
Montgomery Elevator Co. – Los Angeles
Narcel Corporation – San Leandro
New Orleans School District, New Orleans
Nissan Motor Corp. – Carson, CA
North County Transit District – Oceanside, CA
Northrop/Grumman – Pico Rivera, CA
Orange County Transit – Orange, CA
Pacific Energy System – Orange, CA
Pate – San Francisco
Pepsi Cola – Redondo Beach, CA
R & G Sloane Mfg. – Sun Valley, CA
Ramona Disposal Service – Ramona, CA
Rapid Transit District – Los Angeles, CA
Regional Transit Association – Los Angeles, CA
Rockwell International – Seal Beach, CA
Rocketdyne – Canoga Park, CA
Roesch Lines, Inc. – San Bernadino, CA
Rohr Industries, Inc. – Chula Vista, CA
Ron’s Petroleum Service – Inglewood, CA
San Diego Gas & Electric – San Diego, CA
San Diego Naval Hospital – San Diego, CA
San Diego Transit – San Diego, CA
San Diego Unified School District – San Diego, CA
San Quentin Correctional Facility – San Quentin, CA
Schwartz Oil Company – New Hall, CA
Seat – Oxnard, CA
Southern California Edison – Rosemead, CA
Southern California Gas – Los Angeles, CA
State of California – Sacramento, CA
Supreme Oil Company – San Diego, CA
Sweetwater School District – San Diego, CA
Texican Natural Gas – Houston, TX
Toyota – Torrance, CA
U.S. Postal Service – Los Angeles, CA
University of Southern California – Los Angeles, CA
United Airlines – Los Angeles, CA
United States Border Patrol
University of California – Irvine, CA
University of California – Los Angeles, CA
University of California – San Diego, CA
USDA Forest Service – San Bernadino, CA
VA Medical Center – Los Angeles, CA
Warner Bros. Studios – Burbank, CA
Waste Management of LA – Sun Valley, CA
Atlantic Pacific LLC is a logistics company (Trucking) with proper USDOT registration:
They own a fleet of 12 trucks
This company is owned by Robert Rosinski who is also a principal of AP Lubes, Inc
- Atlantic Pacific LLC (or "Atlantic"), (Indiana), Atlantic is a collector, value-added recycler and re-distributor or waste oils and water. Although being the earliest-stage company in the IES portfolio, Atlantic is on pace to potentially produce over $1 million in sales for FY 2015 not including current negotiations with several potential new customers. Atlantic's revenues have the highest gross and EBITDA margins out of all three of IES's businesses. Atlantic has considerable fixed assets now owned by IES including large tanks and tank trucks;
- AP Lubes Inc., (or "AP"), (Delaware), is an oil and antifreeze bottling Company. AP Lubes markets their own bottled oils and anti freezes under the name AP Lubes, as well as contract bottles for customers such as convenience stores and gas stations. On a yearly run-rate, AP is currently generating roughly $1.2 million per year in revenues. IES intends to improve these figures by making capital investments to the business unit as needed.
INTEGRATED ENERGY SOLUTIONS, INC
110 SMITHTOWN BLVD.
NESCONSET, NY 11767
Archived Website: TBA
Ryan Troup, Circadian Group IR
Toll Free: 1 (855) 228-7336
Transfer agent: Action stock transfer – 801-274-1088