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http://www.bloomberg.com/quote/aapu:us/profile
Are they hiding the AAPU shares in England?
Back at ya jimmyt.
I really don't see AC as have been running scams with all the DD (Low SS+TA info+audited fins)He needs a public float so it just doesn't make sense here.
He is an inconsiderate cad to the SHs to be sure.
Agreed, Poster, as does every math teacher and statistics professor I ever had thru skool - hell, even a logical person who can think can figure that out.
However, look at who we are dealing with, and the names are endless.
In the meantime, Happy Father's Day to you and I'm going to watch the NASCAR and the golf. Let someone else cook for dear ole' Dad. All the best.
If AAPU=AE, and AE=AEG, then AAPU=AEG
Grab a pint before you read this one.
So AAPU SHs are hoping that if a=b, and b=c, then a=c
Hmmm....closet or drawer?
LOL. No I never saw that movie. Nor have I seen a play unfold like this. Still going by the TA merger indicator info which speaks for itself
Yes an office and another manager added on Monday
Chirico deserves a lot of hand gesters.
The AE connetion is a lot more easy to make to AEG VIA 2010 PRs and duplicate products + photos
But then the AAPU connection was easy to make to AE.
So AAPU SHs are hoping that if a=b, and b=c, then a=c
An office, eh?
Did you ever see the movie 'Porky's'? In one scene when the boyos from Angel Beach were about to take the place down, a character by the name of Meat was standing by a car with his mates and he grabbed his privates when the owner of the bar/whorehouse Porky was going to give the kids a good beating. Meat, in his best Italian backtalk, said 'here ya are' as he shook the 'meat'. I think Chirico would understand that.
Hiya doin, Poster? An update from my multiple mails to the firm for an answer as to where ours AAPU shares are. Been about three weeks or so and one would expect a reply.
Notagotdamthing.
This play reminds me of an old football kit or an old hockey sweater or an old concert t-shirt that is hanging in the closet or in the drawer and your better half says 'why don't you get rid of that'? Of course, you don't need that guff and hide it somewhere else beacuse you like it.
So, guess I'll send some notes every quarter or so of the calender year just to tell them I'm around and where is the Golden Moose.
In the meantime, hope you are doing well. All the best.
http://www.amerienergygroup.com/index.php/en/about-us/management-team
They added an office in the United Arab Emerats (UAE Dubai)
I want to see a picture of them putting a fat check in my mailbox or AC on the way to prison! LOL
Cheers,
Figs
I see another addition on the AEG photos
I offer the red flag.. i flag this stock as another case of scam where shares were issued and then reverse split and dissolved into limbo..
RED FLAG ON THESE SCAMMERS....
Good point PG3 about the German flag on the Ameri Energy Group site since there is no specific office location in Germany indicated. And as I indicated in my prior post, PROMOTION and PRICE are two of the 4 ingrediants of a successful marketing campaign. The website and web as a whole lacks both in any form from what I'm able to see. Even the old Chapco, Inc., site is lacking both of these key items but I noted a few days ago that Robert Weinstein is indicated as chairman which is unusual for a private company to have a chairman of the board.
FYI, I just tried to link the Chapco, Inc. site to review their key employee/management list and post here but the site is currently down. I was able to link the Chapco site a few days ago. Hmmm.
Perhaps further connections to prior Accel concerning German flag. Great point regarding marketing. Even if they had no intentions to IPO, why not provide pricing.
Can you imagine, buyer in Europe may be wondering what he or she is paying compared to rest of international sales.
That is if AEG is selling anything - yet.
It is interesting seeing the new country flags and translations. The site appears to still need updated and reference an Italian office location in the primary narratives in addition to the listing. Also, I wonder why a German flag and translation and no office location indicated for that location?
The 4 P's of successful Marketing are Promotion, Product, Place, and Price. So far we haven't seen any promotion and price of the products. That has to be somewhere in the future plans IMO.
FF- your frustration is well received.
now they can spell thief in 3 more languages.
Arab League, German and Spain flags have been added to site to include translations.
The share sit in my account too.. they cannot be sold except to take a tax loss at this point for how many years now... these guys are SCAMMERS... they don't even acknowledge the shares.
Those AAPU shares are still in my account albeit non-tradable but did not go BK. They reverse split 1/40 prior to the dissolution to bring the o/s down to I think about 55 mil. 2.2 bil/40 = 55 mil.
But until something happens, no matter what the dd suggests, there is obviously differences in opinion of where we go from here.
I stick to the Scammer accusation. They sold shares right... then they dissolved... you say they merged... but no one recognizes the shares and they cannot be traded or sold with out taking a hit.
it was a pure scam... and still is for those of us that still have shares.
and btw they also reverse split..
they are scammers.
Scammer? There was a "merger notice" issued subsequent to the dissolution of the AAPU shell and a "MERGER" notation early last year in my Accel Energy AG broker account with a new CUSIP number prior to the liquidation of the Accel Energy AG shell. Prior to the liquidation of the Accel Energy AG shell, there was also a "Rights of First Refusal" (ROFR) to the Accel Energy AG shareholders for an offer of new shares and a Rights of First Refusal Expiration dated last Sept as shown on my 2011 1099 Tax Form.
Subsequent to the liquidation of the Accel Energy AG shell, the Accel Energy LTD., website came forward and then a name and operational change to the current Ameri Energy Group LTD., with a new Home location being Hong Kong. The past few days there have been more changes to the Ameri Energy site.
Just a quick food for thought update.
AC is a major scammer... period. They sold shares and then they dissolved it but did not follow proper procedures and then put the company out of reach.
Same to you jimmy. A toast to all the Vets that keep our country free.
BTW, nice new flags under the AEG website. Looks like we're back in Germany too.
And back at ya, Figs.
Just waiting on the sauce to be right and making some money when I retire...FOREX. Geesh, just follow the charts and a bit of dosh, I think I found a goldmine. Good eating - get off the board - lol. All the best, Figs.
Yes. I have all that, and best to the fallen vets.
I'm just saying that declaring the tax-loss, needed or not doesn't mean you have thrown the shares under the bus.
I have already blown the foam off of 2 frosty ones and now I am feeling better about things. Just need to fire up the BBQ and the day will be complete. Cheers to all of my friends here at the swamp.
Figs
Situations matter, Poster. And at the moment, at least this year so far, the loss isn't needed.
As with all of us, you get older, have a home, property, a mancave to get away from women and think...do you? lol... and there are decisions to be made.
If you think about it, you have to make a choice with what is in front of you and being mindfull of the future. So I choose to hold.
Anyway, I have some nice Tuscany pasta sauce cooking on the hob and I must tend to it. Thanks for the advice, Poster. All the best.
Why wait? Take the tax loss...IT is not giving up the shares...They are unsellable anyway..If they are re IPOed just have to report a new $0 Tax Basis
Hey RJ,
Hope all is well with you. Seven months and then decide.
As always, a toast to the Vets...never forget. All the best.
Good post and I second that. Happy Memorial Day everyone and especially to our veterans.
If that's the case, then a chat with my broker is in order.
Not doubting you Poster, but if you have no shares you have no claim to the booty from the thief. Just saying.
You can declare the loss w/o giving up the shares.
Selling the shares and a tax loss aren't the same thing
Seven months until Taxageddon. Choices all around.
LOL. AC isn't our best pal, but the TA info + DD are
Hey Poster,
Such emotion coming from you. I'll drink to that. All the best.
Actually if AC is a greedy, slobbering, foaming at the mouth, money grubbing whore he'll want to sell his shares on the public market with us.
Hey Figs,
It's always an honour to thank those who sacrificed to keep us free. Never forget.
As far as the thief...hmmmm. All the best, Mate.
Jimmy, always the best to you mate. I will be tossing a few later in honor of my fallen military brothers & sisters.
Keep me posted. It would be nice to find one person who would out AC and tell us what happened.
Cheers,
Figs
Hey Figs,
Hope all is well with you. I'll post any replies from the thiefs if I receive any. An international band of scoundrels to be sure.
As to the Golden Moose - a raise of the pint glass. All the best.
Mate, like I have said, AC will surface from the sewer at some point. He is a media whore. I hope he chokes on the steak & lobster he is eating on my hard earned dollar.
Take care my friend. I stop by these parts any time I see a flurry of posts hoping that Kid's Gloden Moose has arrived.
Cheers,
Figs
At the end of the day, Poster....
Watch NASCAR or proper football, drink beer and make money. All the best.
Thanks jimmyt. Yes backed by logic but nothing is for certain until it happens. Part of the DD is from the AE Rights and ROFR, which I know you weren't part of.
They already tax-lossed my AE shares but that doesn't mean I don't still hav e them. I think if you tax-loss AAPU or any stock, it doesn't mean you forfeit the shares if it comes back it.
Always the optimist, backed with logic, of course. Learned a lot from you, Mate, over the years and thanks for that.
But one thing concerns me. Every investor on the board may want to take this into consideration. Taxageddon. On 31 December 2012, the cap gains rate changes if Congress does nothing.
So, this play may be able to help those that have not turned in their shares yet to offset gains. Maybe not this year, but next. Something to think about. All the best.
"where is our shares".
Still in our accounts waiting for a new symbol and name as far as I can tell.
I'm just going on what info. the TA has been sending out, w/o that I would have long since kicked this aside.
Anything AC has said is so far has proven to be worthless, I agree.
And that idea the scoundrel had was what drew me to this play.
Patent, shale, roads...actually big back then in China as they forsaw the future. And are doing it. Unfortunately, the schlub bailed to the green side. We all bit into it and it ain't coming through like we wanted.
Yep, he is a whore.
And ya know, Poster. There is only one question - where is our shares.
Disagree.
Still crap, Poster. Good intentions and good money gone down the drain with this thief.
So at the end of the day, I'll await my responses, if any, from the nitwits from Ameri Energy. Their postal codes leave something to be desired, however.
Try Google World thingie on a few of them.
I'm not mad at you, Poster. I'm just having fun with the hoi polloi.
AAPU did dissolve, but w/o a BK filing and since no payments were made we can gather that they just dissolved the shell not the entire operation...Plus my 4/8/08 Merger Notice which I posted for AAPU SHs...still no change there.
AE= A holding company for AE LTD shares(AAPU)
"Something wrong with Chirico" Sure is, but just wants the benefits of a public company while running it like it as a private one.
He maybe out of the picture withRW taking over
Same with you...Hot here too for upstate NY...should be only low 70s
I think they were seperate SS. AAPU 2.2b 1:40 to 55m
AE topped out at 87.8m
I still don't think "thief"...Inconsiderate slob and cad applies though. W/O a public float, insider shares have no market value either
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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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