“The acquisition of Grupo Trébol catapults Dominovas Energy from a ‘pre-revenue’ company to an enterprise with a positive cash flow,” Eric Fresh, senior vice president of finance and investments with Dominovas, stated in the news release. “With this acquisition, Dominovas Energy has dramatically accelerated its goal to achieve net operating profits, which previously was set to commence in the next 9 – 12 months. The company now realizes immediate impact to its bottom line, while simultaneously and significantly bolstering its asset profile.”
Following this acquisition, Dominovas Energy is expected to be in a favorable strategic position to leverage a deeper suite of energy solutions for implementation across a collection of targeted global emerging markets, including those in Latin America.
(Marketwired - Feb 16, 2016)
