Patten Energy Solutions Group Inc (PTTN)

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Integrated Energy Solutions (Formerly Amerilithium) Closes Acquisition of Three Separate Synergistic Companies; Announces Rev...

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NESCONSET, NY / ACCESSWIRE / March 25, 2015 / Integrated Energy Solutions Inc. (PINKSHEETS:IENG), (the "Company" or "Integrated Energy" or "IES") (www.Integrated-Energy.co), a fully integrated large and small format downstream oil marketer as well as waste oil collector, value-adding recycler and re-distributor, Is pleased to report the closing of their previously announced acquisition of the below Companies, having satisfied the requirement under the original agreement by raising $800,000 in growth capital for the collective group of companies (see Company 8K dated December 16th, 2014):

NEW OPERATING COMPANIES

- Patten Energy Enterprises Inc. (or "Patten"), (California), is a 25 year old energy marketing and consulting company to over 80 customers, many of which are fortune 500 Companies. Patten distributes bulk oil and accompanying services throughout California with many notable customers including local and State Governments of California, AT&T, Disneyland, Pepsi and Waste Management. Patten is the cornerstone of the new consolidated group of companies and intends to link all three units synergistically to grow margins and top-line revenues;

- 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.

SALES & PROFITABILITY GUIDANCE

For the period ending December 31st, 2015, the consolidated revenue for the three companies is forecasted to be roughly $8,000,000.00 with EBITDA in the range of $800,000[1].

THE DEAL

In exchange for the three acquired Companies, IES has issued a total of 2,350,000 preferred shares, a $50,000 promissory note and a $50,000 cash payment to one of the acquired Companies. The Company also was required to raise operating and growth capital for IES and the subsidiaries in the amount of $700,000 and has surpassed that by raising $800,000.

THE BALANCE SHEET

2014 was a challenging time for a transitioning Company like Integrate Energy Solutions. And although the Company closed a series of high-profile acquisitions into the umbrella, it took almost 12 months to complete; during this time Investor Interest waned and several funders converted investments into shares at depressed levels.

Conditional upon participation by the existing lenders, the company hopes to consolidate the several groups of lenders into one new investors/ lenders who the Company feels would take a longer-term and less aggressive position in the stock.

ERNEST B. REMO, CEO, INTEGRATED ENERGY, COMMENTED:

"We are thrilled to be through the turbulent times of 2014. We feel we have turned a corner as we enter Q2 2015 and are truly excited as all three of our business units ramp-up into 2016-- We feel access to the capital markets will help the collective group grow."

"One thing we hope to report and update our patient Shareholders on in 2015 is new business synergies between our three business. IES' three subsidiaries currently operate alone in 3 separate States where we feel all 3 could be operating in each creating vertical integration, corporate cost sharing and internal sales generation."

ABOUT INTEGRATED ENERGY SOLUTIONS

Integrated Energy Solutions Inc., a publically traded SEC reporting Company on OTC Markets Exchange under the symbol (OTCBB:IENG), is a fully integrated large and small format downstream oil marketer, as well as waste oil collector, value-adding recycler and re-distributor.

Through its three wholly owned subsidiaries, Patten Energy Enterprises Inc., Atlantic Pacific LLC and AP Lubes Inc. the company seeks to expand the regional businesses of each to other states where respective Company subsidiaries operate to vertically integrate, cost-share and generate new revenues from within the existing Company "ecosystem."

FORWARD LOOKING STATEMENTS

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

INVESTOR & MEDIA RELATIONS CONTACT:

Ryan Troup, Circadian Group IR
Toll Free: 1 [phone]
Email: [e-mail]

1-- EBITDA is a non GAAP measurement and Investors are cautioned to review annual and periodic reports of the Company with the SEC for comparison to non-GAAP reports.

SOURCE: Integrated Energy Solutions Inc.