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I just keep AAPU around as a reminder to stay on track with my plan - solid stocks, bonds and mutual funds. And slowly but surely, shorting big board stocks a hundred shares at a crack. I need something to do in a few years when I retire.
The kid is coming along in his learning. He did stop hiting on 19 and now puts the chips on the cards. lol
Considering child labor laws were established early 1900, a compulsory education would suggest whomever is taken the helm of IR is acting in an extracurricular capacity. Our third grader has delivered what appears to be a final boom to this board. Kumbaya bretheren- barrels down below!
I think you can write them off anyway, but I wouldn't.
It is gambling more than investing I'd tell him
And you know, Poster, I could of lived with a BK declaration - final closure and tax offset. And the last of my pinky crap is over and done with.
OT - I was speaking with my son a few minutes ago and besides his 401 and Roth, he wants to open up a regular IRA. Since we both have Scottrade, it's simple. Then he said he was reading some of these pinky letters and adverts about all these fantastic gains. I relayed the saga of AAPU and told him if he ever bought a pinky...well, needless to say, a father's love of his children is endless - to a point.lol
"truthful accounting of our investment" I assume you mean Amerienergygroup/Chapco. At least we know no BK filing was ever done and I gather that is the only way to "get rid of shares"
I think TCG was always private. It did obviously had an arm that went public.Vitallabs/AACORP/AE GROUP/AAPM,U and AE AG now finally back to the 2004 AmeriEG filing with Chapco.
But I agree someone somewhere is lacking in SH consideration big time.
That's a logical deduction, Poster. And to be honest, I can't assume that it was the scoundrel that answered me. At the end of the day, I would hope that he realizes that investors are watching him. And I'm sure that there will be other opportunities to get a truthful accounting of our investment.
Actually, it's sad and it's way past being about the money.
LOL. I think what they, whomever it is, is saying that you don't have shares of TCG
Jumpin' Jehosophat - I got an answer...
RE: Contact from chiricogroup.com ? 6:52AM
Reply ?
You invested in stock market not directly to the company which never saw your money. Learn how the market works and get an accountant for you can take the write off. If you wish to send me proof of investment feel free and if you want to reimburse me for my loss it would be appreciated.
-----Original Message-----
From: Chirico Group [mailto:info@chiricogroup.com]
Sent: Saturday, February 18, 2012 6:31 PM
To: info@chiricogroup.com
Subject: Contact from chiricogroup.com
You received a message from Chirico Group website.
Sounds like someone has a bad hangover, given the time sent. Or it's the young punk that answered Figs. Not a good business reponse, to be sure.
OK let me know what it is when you're ready..lol
Let's give it a rest tonite, Mate. Have a pint or two and relax as there may be a plan forming in this meager brain of mine. Mind you, it may be along the lines of Bluto of the 'Animal House' fame, but, if you recall, that was successful.
Have a drink - all the best, Poster.
Thanks. You're right. I do think Chapco is running the show now.
Sorry to hear about that, Mate. Keep the mind going - that works for us young fellas in their 50's - lol.
Not so well. Lot's of aches + pains
No worries - that schmuck will get a mail as well.
All right this evening, Poster? I'm having a ball.
LOL. I think RW is the new CEO
I know that you are taking the micky out of me with that comment about AC...that overweight bovine etc...
But check the folks on the board - another Chirico. Of course, been there for a bit, but another avenue for contact.
You see jimmy you were thanked.
AC: honorable, respectable, decent, courteous.
The message I posted earlier went through on this link:
http://www.chiricogroup.com/index.php/en/contacts
...and I was thanked for the contact - lol.
Well boyos, that's enough for this evening concerning this male offspring of a female dog, Richard Cranium, male challenged self-motorized bi-ped, bounder, cad, and so forth.
Time for a few pints and listen to the Leafs in a massive rain storm coming through the South...RJ should be getting some snow in a few hours. Stay safe and I'll throw out a few ideas of general tomfoolery and debauchery later this weekend. All the best.
Hey Figs,
Thanks for the data. Got some from Poster as well. Here's what I sent:
Dear Mr. Chirico,
I am sending some links to you so that maybe you can remember where my investment is.
http://www.ariva.de/news/articles.m?secu=100079614
http://www.networksolutions.com/whois/results.jsp?domain=americaasiapetroleum.com
http://valuewiki.wikia.com/wiki/American_Asia_Petroleum_Corporation_(AAPM)
I would hope that you do the right thing and perform one of two acts. Please be so kind enough to declare AAPU officially bankrupt so that I can take a very generous tax loss on my investment or make me money by starting up the firm again.
One final thing, Mr. Chirico. I do believe in karma. What comes around, indeed, goes around. Please do the right thing.
Sincerely,
And here's what I got in reply:
This is an automatically generated Delivery Status Notification.
Delivery to the following recipients failed.
anthony@chiricogroup.com
And the other:
This is an automatically generated Delivery Status Notification.
Delivery to the following recipients failed.
info@chiricogroup.com
I get those when the addy is bad or I'm blocked. Maybe the latter as they know me. I was thinking - apparently this rabbit hole is closed; however, maybe a few mails to some of these solar fellas or a few of his business mates might stir the pot a bit. All the best
There is also anthony@chiricogroup.com which I used the first time and got the reply back from the third grader. It is now blocking my EM.
Cheers,
Figs
Jimmy,
Here is what I sent to the following addy:
info@chiricogroup.com
Dear Mr. Chirico,
I am sending a couple of links to jog some memories on your past company and maybe find out where the shareholders money is at this time. Thanks for your time.
http://www.networksolutions.com/whois/results.jsp?domain=americaasiapetroleum.com
http://valuewiki.wikia.com/wiki/American_Asia_Petroleum_Corporation_(AAPM)
Kind regards,
Figs,
How about sharing that fun. I have learned over the past few years how to, amongst other things, instruct people on how to do something to themselves which is anatomically impossible in both the male and female species, and they come away like it was a compliment.
Mail me the info - RJ has the addy and maybe Poster does as well.
I didn't think you would. But at least you have evidence linking AC to AAPU. Could be moot since Chapco could be in charge now.
Poster, they are giving me the silent treatment now. I think everyone should EM them with the same links. If nothing else it will make you feel warm and fuzzy for a minute thinking you just told AC to FO. Take care my friend.
Cheers,
Figs
Poster, I fired one off. The reply should be interesting.
Cheers,
Figs
Will do that today Poster.
Cheers,
Figs
maybe the SEC should sort it out and ask Cheerio what when down...
This has been a bad deal. I would of been more than happy to reinvest my millions in other ventures with AC if he had not been a dick about the whole thing. It all started with the shorting thing but he did say WE were protected.
Figs
True Figs. The handling of this whole process for stockholders has been outrageous. I know most CEOs don't like shorts and may think stock investors are all jerks and low lifes but we've got some decent hard working longs here with families that are pissed at the communication part of the whole saga. The communication has been terrible and not acceptable by most folks.
Scams do about that if there is no intention of every being able to make a profit. It is legal although unethical
I understand that Poster but there were some who jumped ship because they thought that was the end.
Picture this scenerio: Start a company, play the shell game and sell shares by the billions, pull the pin and head to warmer climes. All legal?
Figs
RJ, if it wasn't for this smart a$$ email that I received from TCG:
Stop emailing not our issue you bought into stock market. Speak to your broker.
-----Original Message-----
From: Chirico Group [mailto:info@chiricogroup.com]
Sent: Tuesday, November 22, 2011 5:02 PM
To: info@chiricogroup.com
Subject: Contact from chiricogroup.com
I would not be half as pissed off. These cockroaches know EXACTLY what is going on with our shares. I figure that if they were really gone they would tell me that. What have they got to worry about other than looking at themselves in the mirror every morning.
Thanks, I feel better now.
Cheers,
Figs
We knew that dissolutions of shells is not the end based on prior dd on that subject if I recall correctly. Particularly when new company names and subsidiaries continue on. You got to have a BK to kill shareholders IMO!
But now we see an updated public stock filing showing new officers for Ameri Energy Group Ltd under the Nevada SOS filing. Obviously, updated for a reason. But then again maybe not knowing how this stock operates. lol.
I'm just pointing out that the link indicates "dissolutions" aren't necessarily the end of the company
True. It's more or less been that way since day one unfortunately for us longs that put money into the stock.
The paperwork that they had was exactly what was listed on the Nevada corporation site.
Figs
They were correct as it did, where Fidelity shouldn't have clarified that there was "nothing to follow"
Really "going dark" really since no payments from the company were made to SHSs
Poster, I think it's obvious both of the companies went private with a couple of interim intercompany mergers prior to going private. I can't imagine that CEOs can just dissolve shareholders in thin air without going the BK route. They obviously can dissolve shells when they go private. Of course, I'm not a corporate securities attorney. Just trying to use a bit of common sense.
It's the brokers at Snottrade. They look at their computer screen and give you the path of least resistance answer.
Cheers,
Figs
FIGS refer back to my 4363 post+link on dissolutions
So only a BK filing and only that can eliminate shares
Wish I had the time to pursue fun things like that Jimmy. Hope things are well with you.
Interesting link that seems to explain the status of shares in a corporation! Keep in mind the shares of AAPU and Accel Energy did not go bankrupt.
http://www.worldlawdirect.com/forum/business-finance-law-issues/34537-do-shares-expire-my-father-bought-share-private-country-club.html
Actually RJ, I might be of some small help. One of my cousins in the GWN owned a bookstore in the Acton area and she may provide some leads.
Once I get the hotmail going again - some type of technical issue going on since this past weekend - I'll just mail you what I find out. I do remember one of the firms she spoke about was very good with folks wanting to get published and had limited funds. They would bind a book, or PDF it, market it, and take a cut of the sale price. No muss, no fuss.
Of course, if you use any name, releases would be in order....hey, we can git our gotdamn money that way!
I did and I think it had to do with the disolution.
Figs
Did you ever ask ST what the # meant?
AC has the chance to make me rich and I would buy him a steak dinner and a whiskey. It's win, win all around.
Figs
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http://accelenergy.com/
Company Profile
Accel Energy AG is a mineral oil company that offers refinery, mineral oil and mineral oil-based value added products. The company has been successfully operating in China since 1985 and are considered as one of the leading companies with regard to business development. Accel Energy is active all over China with a distribution network comprising partnerships and joint ventures. Because of long-term order commitments we work in a customer-oriented way with a strong focus on team work and sound management. In 2005 Accel Energy AG generated revenues of more than US$ 58‘500‘000 by selling mineral oil products. The company obtains crude oil from various sources on order to refine and subsequently sell it as a premium product.
China Petroleum Industry
China's oil consumption is second only to the US and demand is expected to grow to equal the US by the mid 2020's. China is challenged severely by the current high oil prices as it saw its own supplies decline. Increased demand and prices and declining resources have added pressure and now shale oil represents an important, economically viable source for the increasing energy needs of China as it undergoes transformation into an economic leader. The China government will be spending $970 billion USD to build an infrastructure for petroleum and natural gas throughout the country . Present production in millions of tons are: gasoline 19.62, diesel 37.74, kerosene 5.06, chemical light oil 15.04, lube oil 0.91, LPG 5.11, fuel oil 4.5, asphalt 1.13 and petroleum coke 3.44, with an estimated grow rate of 40% by 2010.
Oil Refining
Accel Energy operates from a refinery with a joint venture partner, a large petro chemical corporation in China. The refinery is not operating at 100% capacity. Current production rates are approximately 1,100,000 metric tons of petroleum products, chemicals, and asphalt a year. This refinery has a capacity of 3 million metric tons of crude oil production annually and Accel Energy plans to grow its production rate to achieve revenues of almost $100 million by 2008 in this facility. Some of the products that Accel energy currently produces are:
*Chemicals
*Plastics
*Gasoline
*Asphalt
*Heating fuel
*Pharmaceuticals
*Petroleum coke
*Diesel
*Kerosene
*Manufacturing fuel
Oil Retort
As the second part of its ambitious initiatives, Accel Energy plans to build a retort plant in China, where oil will be extracted from shale in a modern extraction facility. Retorting from shale oil has been used successfully in many countries as an auxiliary method of generating oil supplies. The success of developing resources from shale in Estonia encourages Accel Energy to operate its own retort technology in China and to begin with extraction. The Company will sell the resulting crude oil to local markets and use some of it to manufacture value-added products such as the Shale Asphalt Binder product which has higher profit margins than crude oil.
The proposed Accel Energy retort plant will become a source of crude oil, a well of sorts for the SAB. Below forty dollars a barrel, oil-shale oil is not competitive with conventional crude oil. However, with oil prices at $40 and higher and declining crude oil production in most areas, some investors are taking a look at the huge volume of potentially recoverable hydrocarbons in vast shale oil deposits. Accel Energy plans to extract 10,000 bpsd (barrels per stream day). The retorting process is noted for its simplicity, efficiency, and energy self-sufficiency. It employs gravity flow of shale in a moving bed through barrier-free; functional zones where the descending shale and countercurrent flow of air and recycle gas interact to provide both combustion heat for retorting and cooling for the retorted shale. The design for the commercial-size plant takes full advantage of the modular concept used in planning the 10,000-bpsd facility. It includes three full-scale module retorts, each with its own oil/gas-handling system. The design includes appropriate capacities in the mining, shalehandling, shale-disposal, fines-storage, and other auxiliary-facility areas. In addition to employing the basic retorting technology, the commercialplant design has numerous eminent features contributing to the project’s feasibility.
Oil Retort
System attributes:
*Extracts crude oil from shale Rock
*High oil yield- 99%
*Refines petroleum products
*Less shale rock waste
*Uses minimal water
*Generates electricity for local use
*Environmentally safe
*Higher profit margins
*Low water use that is recycled.
*Application of data gained from previous successful programs to ensure minimal technical problems.
*vailability of necessary utilities, water, and other resources.
*acilities that incorporate readily available, low-cost, proven equipment.
* process that requires no external heat source other than for cold start-up.
*etorting controlled by micro-processor computer-based system.
* design that permits use of relatively large shale (-3”, +3/8”) for retorting and discharges retorted shale in the same size range, facilitating disposal, stabilizing, and reclamation.
*inimal fugitive-dust problems.
*Hydrotreating facilities to improve storage, transportation, and marketing qualities.
*Use of product gas to generate electricity for both in-plant use and export purposes.
*Comprehensive planning for site specifics, environment, health, safety, and socio-economics, in addition to the technical details for mining, retorting, product recovery, and storage/transportation.
*Supplemental planning which includes alternatives to keep developments current and consistent with technical and economic needs as occasions demand.
Crude Oil Marketing
China consumed more oil than any country globally except the US and projections show that growth will continue. Oil is vital to the economic growth of China. Therefore, the government aggressively promotes the determination of new resources and is poised to make the oil industry a successful economic driver. Many factors impact the strength and viability of the oil industry in China – finding of sources, changing extraction methods, new and updated products, the quality of the oil, technology and the budget. Accel Energy has the ability to rapidly and economically extract oil from shale rock thereby adding oil to China’s undersupplied market. In addition to this, Accel Energy also has a proprietary technology to produce a binder that, when added to asphalt, strengthens it and results in a longer life and durability of roads in the largest road building initiative in history. With the current pace in the Chinese economy, there exists an opportunity for rapid growth for the Accel energy. Good products coupled with strategic marketing strategies that efficiently reach potential clients will ensure success in this economic environment and help to establish Accel as a driving force in this sector. Branding Accel Energy as reliable source for quality products with excellent customer service will be the motive behind its marketing strategy.
Shale Asphalt Binder
Accel Energy plans to build a facility to manufacture a new-patented product, Shale Asphalt Binder (SAB). SAB is a value-added petroleum product which is made from crude oil and prolongs the life of highways and roads. Accel Energy plans to purchase a site, develop a plant and manufacture and sell this product for road building efforts in China and other markets. Currently, China is embarking on the largest road building efforts in its history that will see its network of highways become comparable to that of the US. The Shale Asphalt Binder that will be produced by Accel Energy will help to effectively prolong the life of those highways. SAB has been formulated to enable governments, Departments of Transportation and contractors to have better road surface availability at a lower cost. SAB provides improved infrastructure, creates greater longevity and has lasting benefits to peoples of all countries, whether developing or industrialized. SAB has a proven history over the past 8 years and was shown to be effective in 11 actual road test locations, within all the major weather zones. The SAB product will provide a longer life to the roads and save taxpayer dollars. The asphalt business in the China and USA is a multi-billion-dollar business, and contracts under negotiation will put Accel Energy in a key market position both in China and subsequently the US, potentially utilizing 100% of its current production and generating millions of dollars in sales revenues. Accel Energy expects to earn revenues of $36 million in the first year of operations of this manufacturing facility with continued growth projected for years to come. Sales of the SAB product are projected to be over US$61 million by 2008. SAB solves five of the major problems facing the maintenance of roads:
*Rutting
*Water stripping
*Thermal freeze-thaw cracking
*Fatigue cracking
*Aging
China Road Industry
On January 13, 2005, it was announced by Zhang Chunxian, minister of communications, that China will build a network of 85,000 km expressways over the next three decades, connecting cities with a population of over 200,000 at a total cost of 2 trillion yuan (approximately 241 billion US dollars). This will place the China highway system on par with USA interstate network of today. It is anticipated it will take 30 years to complete. Total mileage is expected to overtake the American Interstate system, the world‘s biggest, around 2020. The primary road construction material used is asphalt with binders.
Asphalt Binder Industry
Shale Asphalt Binder – China plans to construct US$242 billion in highways within 30 years. The SAB product will effectively prolong the life of those roads. Road/Highway construction is one of the largest industries throughout the world, using primarily asphalt as the building material for roads and highways. Asphalt is made from aggregate rock, road oil and binders. Binders function as the glue for the asphalt compound. About 95 percent of the paved roads in the United States are surfaced with asphalt, and most are produced using hot-mix construction. Hot-mix pavements consist of one or more compacted layers that contain (volumetrically) about 80 percent mineral aggregate, 15 percent asphalt binder, and 5 percent air voids. In the US, the asphalt binder component is valued at approximately $3 billion/year and can have a disproportionately large impact on overall pavement performance. In the United States, about 4 percent of all public sectors spending (by federal, state, and local governments) is used to build and maintain the nation’s network of roads and highways. It is in the public interest to spend this money efficiently, for example, by producing roads that have the lowest possible life-cycle costs. Asphalt providers, construction companies and Departments of Transportation are constantly seeking new products to build stronger, more durable roads. Presently, a combination of several different binders is used to meet Departments of Transportation specifications that address the cracking and deterioration of our roads. The asphalt/binder products are a multi-billion dollar industry increasing annually by an average of twelve percent (12%).
Shale Asphalt Binder Marketing
The agency the Company decides upon will be independently creative with full cooperation from management. Additionally, CEO Anthony Chirico will use his wide range of political connections in both Beijing and Washington to promote the company’s Shale Asphalt Binder product that prolongs the life of highways. In June of 2005, Anthony Chirico was asked to be part of the rational energy commission of Maoming by the Central China Energy Commission. Mr. Chirico acknowledged the significant invitation and stated „Having worked with China since 1985, I am honored by the invitation. This is a great opportunity for my company, and both countries in working together.“ Mr. Chirico will visit major cities and provinces within China and use his best efforts to secure Departments of Transportation’s product approvals for the addition of the Shale Asphalt Binder produced by Accel Energy in regional road building initiatives. If a state agency was convinced of the benefit of a particular additive system, it will implement a restrictive specification that functionally excludes competitive products and regulates the inclusion of specific products that prolong the life of roads. This is done in the US and other countries. The number of Chinese road construction projects linking all their provinces with China‘s emerging highway system. It is recognized that the SAB product is required to provide their roads with the longest life possible. Professionals are a diverse group and usually fall within a specific industry segment. In order to meet potential customers, Accel Energy will attend events to help establish its name and make sales. The segments include Association, Corporate, SMERF (Social, Military, Education, Religious, and Fraternal), government and independent meetings, conferences, conventions, and trade shows can be anywhere in size from 10 to 10,000 participants, and the impact they make on sales and exposure can be significant.
http://www.accelenergy.com/language/us.html
NEWSWIRES AND PR'S
http://www.sys-con.com/read/107712.htm
http://www.sys-con.com/read/101904.htm
http://www.sys-con.com/read/101286.htm
http://findarticles.com/p/articles/mi_pwwi/is_200506/ai_n14714534
http://tv.sys-con.com/read/102962.htm
http://linux.sys-con.com/read/104129.htm
http://press.arrivenet.com/industry/article.php/667749.html
http://www5.sys-con.com/read/98301.htm
2005 Financials
http://www.accelenergy.com/financials/financials_english.pdf
2006 Financials
http://www.accelenergy.com/financials/financials_englisch06.pdf
Audited 2006 Financials (PDF in German)
http://accelenergy.com/content/file/topic/goxJzt9BZjQjgKW1iEDemX9R7eU0uQjY/action/download.html
2007 FACTBOOK (PDF)
http://accelenergy.com/images/accel_factbook_englisch_07.pdf
IR Contact: investors@accelenergy.com
Accel Energy AG
Untermüli 6
CH-6300 Zug Schweiz
Switzerland
Phone: +41 41 560 71 03
Fax: +41 41 560 71 04
Management
Mr. Anthony Chirico (Founder/CEO) has extensive worldwide Board and operational experience with multinational companies focusing upon business development and strategic planning. Mr. Chirico founded Accel Energy, Inc. in 1985 to provide goods and services to the Asia Pacific markets with a specialty in China. Mr. Chirico's role in the company is to oversee all aspects of its operations, business development, liaison, and finance. To date, under his direction, Accel Energy has achieved revenues in the millions. In June of 2005, Anthony Chirico was asked to be part of the rational energy commission of Maoming by the Central China Energy Commission. Mr. Chirico acknowledged the significant invitation and stated "Having worked with China since 1985, I am honored by the invitation. This is a great opportunity for my company, and both countries in working together." Anthony is a skilled intercultural negotiator with expertise in business development, marketing, and advertising & promotional campaigns. Anthony has conducted business in 23 countries since 1972. His first international event was the Munich Olympics in 1972 and he pioneered the market for toy/merchandise tie-ins to television programs in China. Anthony Chirico is politically active on the local, State and Federal level and he ran for Connecticut State Senate. Anthony Chirico received his B.B.A. in business administration and marketing from Boise State University.
Mr. James Smith (Vice-President/General Manager) has conducted business since 1982 in Asia concentrating his efforts in mainland China. He has developed an extensive network of relations with Chinese industrial enterprises within the garment, automotive, industrial complex, construction, petrochemical, metallurgical, petroleum and chemical industries. Mr. Smith's expertise is in project management in China and Asia. Robert's role in the company is to conduct project management and operational functions for current and new business projects. He presently lives in Shanghai and oversees the administration of the China office. Robert Smith received Masters and B.A. in economics and languages from University of Victoria and East China University.
Ms Judy King - Zeng Xiaojing (Marketing Manager) has conducted business within China for local and international companies since 1984. Her expertise includes legal affairs, documentation, translation, trade & economic law, and business & government contacts. Ms. King’s role in the company is to handle all the marketing efforts of the company and projects. Judy has been with the company since 1991 and plays an important role for the company as the primary Chinese nationalist. Judy is fluent in all Chinese languages, English, and Russian. Judy King received her degree from East China University in international business and affairs.
Mr. Peck Li (Director Asia Pacific) has been working in the chemical industry since 1988 within the United States and China locating and exporting raw materials. His expertise is identifying and developing business and maintaining relations. Peck’s role in the company is to handle all partnership and new business relationships. He has been with the company since 2005 and is a Chinese national residing in the United States. Peck Li received his MBA and BSC degrees from University of Otago and South China University of Technology in chemical engineering.
Rainer W. Gillmann (Chairman) has worked for several years in the boards of directors of numerous recognized multi-national companies around the world in differing branches. His years of experience in the development of new companies which operate successfully around the world, his continuity in the business development and his inventiveness of strategic decisions characterize all aspects of strategic decisions under his supervision. His analytical and communicative personality allows him to successfully support and plan financial-mediatory structures. In the fields of communications, services as well as business planning, he can look back to cooperations with differing large companies which are full of experience. To develop public relations, to structure and thus also guarantee a successful future strategy spanning national borders with his cooperation allows a company with a strong support to expand world wide. He completed his Economist SBS degree in later years which required a solidly founded specialist training in the business development of private banking.
Latest news:
Accel Energy AG / Half Year Results
Zurich, December 20, 2007 - Accel Energy Group (WKN:A0LFLF) has registered
very good results for the first half of 2007. Revenues climbed to US$
33,001,014, with a pre- tax profit of US$ 2,097,539. This result
represents an approximately 8% increase over the previous year´s value and
reflects Accel Energy´s continuously strong growth trend.
These consistent, positive results in great part are due to the progress
made on the Chinese market as well as to Accel Energy´s successful
management. The production of Crude Oils and concurrently Shale Asphalt
Binder (SAB) has led to the steady growth of the company´s revenues and
market strength. Accordingly, Accel Energy´s products have established
their presence in a variety of areas of industry as well as in carrier
shipping.
Based on these trends and figures and supported by the rise in oil prices,
the company´s management expects steady growth over the 2008 to 2010 period
in the Chinese market as well as in the Near and Middle East. Following
revenues for the first half of 2007, Accel Energy expects revenues of ca.
US$ 67,000,000 for the running year. However, not only will revenues grow
strongly, but profits are expected to grow more strongly than the general
market. Consequently, after a profit in 2006 of US$ 6,595,469, Accel Energy
expects a business profit for the running year of ca. US$8,000,000.
Next year, new operative locations in Jordan and in Dubai will come into
effect, as will the company´s listing on the Dubai stock exchange. Both of
these developments have not been included in the company´s prognoses. Much
of Accel Energy´s focus remains centered on its projects in China which are
expanding steadily and should generate further revenue growth.
Accel Energy AG
Untermüli 6
CH-6300 Zug
Switzerland
Tel. +41 41 560 71 03
e-mail ir@accelenergy.com
Internet www.accelenergy.com
http://accelenergy.com/language/us/content/news.html
Accel Energy and the UN profess themselves to ecological road construction in Indonesia
http://www.investor-news.de/modules/news/article.php?storyid=1180 (use Google to translate)
CHART http://aktien.wallstreet-online.de/288/chart.html
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