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3Power finalized the acquisition of SHALA River 126.7Mwt concession in Albania and join forces with a consortium of leading Indian companies including "BHEL", India's largest industrial group to complete the project development, finance and construction
Last update: 6/14/2012 8:44:00 AM
NEW YORK, June 14, 2012 /PRNewswire via COMTEX/ -- 3Power Energy Group Inc. ("3Power" and "the Company") (PSPW) (frankfurt:PSD), is pleased to announce that the company finalized the acquisition agreement of the 126.7Mwt electric hydro power plant on Shala River in Albania with SHALA ENERGY Shpk.
The Company SHALA ENERGY shpk, has signed a Concession Agreement, BOT form, with the Ministry of Economy, Trade and Energy of Republic of Albania for the construction of a hydropower plant cascade on Shala River, in the northern part of Albania. The Concession Agreement is approved by the Council of Ministers of Republic of Albania No. 698, dated 11.06.2009 and entered into force on 24 August 2009 (date of publication of the CMD on approval of the Concession Agreement in the Official Gazette of Albania).
Pursuant to the Albanian legislation and Concession Agreement terms, the Company SHALA ENERGY shpk holds all concession rights for 35 years (including Free Enjoyment) on construction and operation of the hydropower plant cascade on Shala River.
The scheme of utilization of Shala River preview construction of a hydropower plant cascade with total installation capacity for 127,6 MW and average energy production for about 530,350,000 kWh/year.
3power has joined forces with a consortium led by Fortune&Heavy Industries, head quartered in Bangkok Thailand (Reputable in the field of heavy industries), and having as its partners Bharat Heavy Electricals Ltd, A leading Indian company and a forefront leader in its field with varied global experience and Synergics India Ltd (a subsidiary of Synergics USA, reputable consultants in the hydro power field to complete the project. The Consortium comes with tremendous experience in design, equipment and machinery, bankable feasibility, construction and delivery of Major Hydro power plants.
Forward Looking Statements
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to 3Power, its business and prospective development plans. These forward-looking statements can be identified by the use of terminology such as "subject to," "believe," "expects," "plan," "project," "estimate," "intend," "may," "will," "should," "can," or "anticipates," or the negative thereof, or variations thereon, or comparable terminology, or by discussions of strategy. Although all of the forward-looking statements set forth in this press release are believed to be reasonable, actual results may differ materially from those expressed in forward-looking statements as a result of factors outside of the control of 3Power. 3Power cannot provide assurances that any prospective matters described in the press release will successfully close or otherwise be completed or that 3Power will realize the anticipated benefits of any such transactions. Important factors that may cause actual results to differ materially from those expressed in the forward-looking statements are discussed in 3Power's Securities and Exchange Commission filings. Readers are cautioned not to place undue reliance on forward-looking statements. 3Power does not undertake and specifically disclaims any obligation to update, republish or revise forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrences of unanticipated events. All forward-looking statements should be regarded solely as 3Power's current plans, estimates and beliefs.
SOURCE 3Power Energy Group Inc.
Copyright (C) 2012 PR Newswire. All rights reserved
Hmmm!!
Bank of America Pledges $50 Billion to Combat Climate Change
The bank's new initiative includes lending, equipment finance, capital markets and advisory activity and carbon finance, as well as advice and investment help.
Bank of America will focus on promoting energy efficiency; renewable energy, including wind, solar and hydropower; lower-carbon transportation like electric and hybrid vehicles; and water and waste treatment and disposal initiatives.
The company said it will work with third parties to assess the impact of its commitment on reducing greenhouse gas emissions and reaching other environmental goals.
http://ih.advfn.com/p.php?pid=nmona&article=52725951
All aboard #4
http://www.techradar.com/news/photography-video-capture/cameras/kodak-and-samsung-partner-for-printers-1078498
Kodak has sued Samsung in the past for patent infringement relating to its imaging portfolio, but Kodak called the new partnership a "win-win" situation which allowed Samsung to take advantage of Kodak technology with the already successful Samsung brand.
Didn't change much, just good to keep a eye on,
Contacted transfer agent today on share structure to reverify
Good Afternoon,
I have listed the current share structure information for Global Technologies Group below. Please feel free to contact me if there is anything further I may assist you with.
Authorized: 100,000,000
Issued and Outstanding: 38,778,420
Restricted: 17,926,475
If you any concerns or need additional assistance from our management team, please do not hesitate to contact my department supervisor,xxxxx@pacificstocktransfer.com
Thank you for your business!
Still Lurking
Lowtrade
where do you obtain your short chart information?
Cool site player
whats your opinion on real float these days?, I would think this is close to locking,
I have not had a chance to talk with Jim did he ever discuss share structure with you? do you have any input?
I dont post often,but read alot with accumulation over the last year, Thanks back to lurking.
TF
Interesting pulled back a little today same time frame as yesterday,
Pro traders?
Oh well back to the box it's starting to get daylight,hehe
lowtrade looking at the 10k
Could Agile be a clue to whats moving this stock,Just thinking out loud, Darkside, big guys, ect
Agile in directors position from previous post.
researching the financials
Thanks for any thoughts
Notes Payable
December 31,
2011
Samuel L. Hill $ 10,000
Gene Garrett 10,000
Agile Opportunity Fund, LLC 325,000
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8426578
Thanks, I'm feeling a haunting pressure to re-enter this after .36 exit. watching charts,
Appointment of Director and Officer. On April 16, 2012, David Propis, a business professional, was appointed as a Director of the
Company by consent of a majority of the shareholders of the Company.
Mr. Propis is currently the Manager and Founder of Agile Opportunity Fund, LLC, a creditor of the Company. Prior to this endeavor, he was
Director of Cresta Capital Strategies, LLC and Portfolio Manager of Jade Special Strategy, LLC. His expertise in business will be utilized to
complement current management.
We just needed a post today for review
Questions & Answers from 3power
Why things are taking long time?
The project allocation and selection is a very sophisticated process. The company has to go through a lot of procedures to make sure that the licenses, permissions, land title are all clean and clear from the legal point of view. Many hectares of land have to be visited and checked by our engineers and for the grid connected ones all the equipments, cablings, fittings will have to be examined in order to ensure the long term electricity generation. Insurances and long term financing banks documentation have to be completed. After all of the above, we have to prepare the placement memorandum digesting all these information to be presented to our cash equity providing investors. Considering the size of the projects we are trying to accumulate in our portfolio we are in fact moving on a very reasonable pace.
What are the plans for funding and when is that going to happen?
As soon as the due diligence is completed and placement memorandum as well as the S1 statement is filed we will be presenting the projects to a selected group of investors who have demonstrated their interest.
Are you planning to be on AMEX or any other main boards?
It is definitely one of our core objectives. We intend to take steps forward in this direction as soon as we complete the current projects acquisition and funding.
Why are you working on several resources at the same time, and why targeting such a large market foot print?
The answer to that is our Economic Strategy fundamental :
Balanced Risk Management+ Sustainable Revenues +Higher Margins = Shareholders Value
Thanks for your thoughts,
keeping it on a watch for a re-entry,
Thanks for your efforts choi very well put together document
These jean companies have been good moving well JOEZ OMVE are on fire
New direction here
conference call will be interesting tomorrow
Company will host an earnings conference call at 4:00 p.m. EDT on Tuesday, April 3, 2012. During the call, C. Thomas McMillen, Chairman and Chief Executive Officer, Michael T. Brigante, Chief Financial Officer and Trevor Stoffer, Chief Executive Officer of Timios, Inc. will discuss the Company's performance, financial results and operations. The telephone number for the conference call is 877-407-0778 (Toll Free US); and 201-689-8565
Judge Orders Apple to Stop Pursuing Kodak Patent Fight
re-post for review
http://www.pcmag.com/article2/0,2817,2401325,00.asp
Thanks,
All well received with LT's reply also
The corporate headquarters of PRVCY Couture, Inc., its e-commerce order implementation and certain inventory warehousing are now being deployed to its 3131 S. Broadway facility in downtown Los Angeles, CA. The move was made to facilitate its strategic brand development advisory deal with Defiance USA, Inc., an established apparel brands design, licensing and management company.
Family owned
LT
I have been looking at chart school and your older post for a good down to earth description of what to watch for on exhaustion candles, and what singles it when a stock breaks out,
Could you re-summarize,
Thanks for your time.
TF
LT
I would like to ask your thoughts on the black candlestick that happened today, I'm a bag holder here. Is this exhaustion?
I posted a 9 month to let you see were its been.
I think this may be a VC doing this, the volume is poor, no charts to anticipate this uptank
Thanks for response
http://ih.advfn.com/p.php?pid=nmona&article=51123612
At this share price, I don't think it would be much of a issue for him, he obviously well connected.
I get to meet with Khalid next week
http://www.alanabiracing.com/Khalid-alBalooshi
I will be interesting to get his Khalids thoughts on Falkan Holdings and Sports City from his home. I cant imagine he has not heard of sports city and possibly the management. Hoping for a contact for project developments over there and corporate info about.
Balasubramaniam, Uma
Rehman, Shariff
Falaknaz, Mohammed
I had to google to find out paticulars of Non-Exec sounds good to me
like you said wonder what the perks are?
Mr. Claudio Terruzzi
Non-executive director
From Wikipedia, the free encyclopedia
A non-executive director (NED, also NXD) or outside director is a member of the board of directors of a company who does not form part of the executive management team. He or she is not an employee of the company or affiliated with it in any other way. They are differentiated from inside directors, who are members of the board who also serve or previously served as executive managers of the company (most often as corporate officers).
Non-executive directors have responsibilities in the following areas, according to the Higgs Report, commissioned by the British Government and published in 2003:[1][2]
Strategy: Non-executive directors should constructively challenge and contribute to the development of strategy.
Performance: Non-executive directors should scrutinise the performance of management in meeting agreed goals and objectives and monitoring, and where necessary removing, senior management and in succession planning.
Risk: Non-executive directors should satisfy themselves that financial information is accurate and that financial controls and systems of risk management are robust and defensible.
People: Non-executive directors are responsible for determining appropriate levels of remuneration of executive directors and have a prime role in appointing, and where necessary removing, senior management and in succession planning.
Challenging situation
PIMO does not appear to move much volume at his current time, Maybe that will change, and create a exit
IMO
Hope this helps
The Board of Directors of GreenHouse and Premier Alliance Group, Inc. (“Premier”) have approved a merger between GreenHouse and a wholly-owned subsidiary of Premier, such that after the merger, GreenHouse will be a wholly-owned subsidiary of Premier, and the GreenHouse stockholders will own shares of Premier common Stock. The exchange ratio of Premier common stock for GreenHouse common stock is expected to range from 0.13 Premier shares per GreenHouse share to 0.18 Premier shares.
http://www.sec.gov/Archives/edgar/data/1272550/000114420412006750/v301769_424b3.htm
Thanks
Just one of my lumps of coal in my stock pile, soon to be liquidated, that turned green today
Huge after hours buys going thru
I took those 075's
Good find
Didn't catch that been in and out today, been pondering another 14k buy, myself,, coulda, woulda,shoulda,