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Interesting....
NuVim, Inc.
Who are we … Where have we been … Where are we now ... Where are we going
We are a public company marketing functional beverages in refrigerated half gallons bottles sold in the juice section of major supermarkets, Wal-Mart, military commissaries and over the internet in powder mixes. We are managed by retired senior Unilever executives. Our beverages are clinically proven to deliver on our promise to the consumer that NuVim keeps your body from having that tired run down feeling, keeping you alert all day and having that well being feeling from sunup to sundown. We accomplish this without high sugar and with no caffeine. Through our patented exclusive prebiotic fiber, lactose free whey protein concentrate, minerals and vitamins including the anti-oxidant vitamins and 9 essential amino acids our products build the immune system by controlling the e-coli, fungus and salmonella bacteria from colonizing in your intestine. Secondly, NuVim increases the absorption of minerals, vitamins and micronutrients into the blood stream to as much as 50%. The third clinically proven health benefit is because NuVim increases the absorption of calcium it helps with muscle and bone health. NuVim also is proven to aid in consistent digestion. With these health benefits the body stays in balance because it has better nutrition and is not fighting bacteria.
After NuVim was incorporated in 1999, a $5 million private equity raise was completed through Spencer Trask, NYC, NY and the NuVim CEO family and friends.
The business model was set in place with the understanding that with the investment banking firm Spencer Trask, would raise a total of $40 to $50 million targeted to gain and sustain 80% supermarket penetration encompassing slotting fees, advertising and promotion to continually support the NuVim brand. My personal friend, Dick Clark, was hired as the spokesperson on a stock-only service agreement.
In 2002, the company had revenues of $3.5 million with the back six months indicating a $7.0 million run rate with distribution in 2,000 of the major east coast supermarkets in eight states. At that time, there were 32,000 supermarkets in the country.
Spencer Trask was not able to complete the $40 million funding and the dot com era hit, which dried up private funding. It became apparent that the business model without the $40 million funding could not work. NuVim went into a survival mode until 2004 when Paulson Investments of Portland, Oregon entered the scene with the proposition to complete an Initial Public Offering. After a year of work to gain shareholder approval to recap the company, NuVim completed the IPO in late 2005.
During this time, we lost our great spokesperson Dick Clark. His stroke in 2004 no longer allowed NuVim to use him on television or radio. A major blow to gaining consumer awareness and trial.
The NuVim IPO was preceded in the Paulson syndicate by a company called VitaCube, which lost more than half the value of their IPO 30 days after entering the public market. This made it more difficult for NuVim to raise the desired funding with its IPO. Because of the disappointment of the VitaCube dietary supplement business, NuVim did not receive Paulson syndicate full participation, and therefore the raise was cut from $15 million to $2.7 million. NuVim netted $1.5 million. Hardly worth it, but the superb recapitalization of the company made it worth going forward. Post IPO NuVim was still way under capitalized.
In 2006, the business model was changed to a focus on the military, Department of Defense, profitable supermarket business segments and Wal-Mart. Total G&A was cut to $600,000 per year including SEC filing requirements, insurance, headquarters costs and management, etc. The present annual G&A of $600,000 will be able to accommodate the growth of the company to sales in excess of $10 million.
Opportunities for growth in sales and profit for the 12 months post funding include:
Military expansion from the current 26% of the U.S. commissaries to all 168 in the country plus the 80 international commissaries.
Expansion of NuVim in the Wal-Mart supercenters. There are 4,000 nationally, and we are only in 115 supercenters in the southeast.
NuVim has developed three new products: sweetened tea, green tea and lemonade. All have the same health benefits of the NuVim refrigerated products: mainly immune enhancement, mineral/vitamin absorption, bone and muscle health and aiding digestion. These products are formulated and the package design complete. They will be sold in half gallon size to the military and Wal-Mart and in a 20 ounce single serve size to hospital/business cafeterias, schools and colleges. This will put NuVim into the some of the highest volume categories of the beverage industry.
Internet sales have excellent margins and offer a high growth and profit. We will begin testing a major initiative with the Hispanic community by using our Spanish television commercials for the powder mix products on Hispanic cable networks and an e-mail effort to Hispanic households. This will be followed by testing the refrigerated NuVim products in the highly populated cities of Los Angeles, New York, Houston, Miami and Chicago. Based on the Wal-Mart store data we know we have a strong following among the Hispanic community.
Other considerations
The IPO was sold as a unit with one share of common stock, an “A” warrant that exercises at $1.50 and can be called and a “B” warrant that exercises at $2.00 but cannot be called. As value is added to the stock, we will have an option to raise additional funding to be used for faster and higher growth by calling the A warrant or discounting the warrants. These warrants could generate an additional $3 to $5.5 million.
Dick Clark and Board member Stanley Moger are the senior note holders of the $650,000 of debt outstanding. The notes mature 2011.
The info was at E trade and pinksheets . com
Thanks again....
Thanks Maybe they can confirm this
Shareholder Equity
Shares Outstanding 16.4 M
Institutional Ownership --
Number of Floating Shares 13.1 M
So far I found...
#
Outstanding Shares
16,361,959 as of Aug 1, 2008
#
Number of Share Holders of Record
181 as of Apr 15, 2008
How low is to low for a float? NUVM..........
I see NUVM starting to move last week...any ideas?
I see volume... what is up!!!!
Firms Offer Free On-Site Environmental Audits to All U.S. Hotels
* On Tuesday May 12, 2009, 9:38 am EDT
SARATOGA SPRINGS, NY--(MARKET WIRE)--May 12, 2009 -- Atlantic Energy Solutions, Inc. (Other OTC:AESO.PK - News) is announcing their partnership with EcoGreenHotel to offer free, no-obligation environmental assessments to U.S. hotels.
An engineer will conduct a thorough evaluation then based on their findings; the team prepares and submits a free, no-obligation report and proposal to each hotel. The report and proposal include concrete steps the hotel can take to increase its energy efficiency, and includes a cost/benefit breakdown and a list of funding streams for which the property might qualify.
Specifically, each hotel will receive a personalized report and proposal that includes:
-- Utility Bill Management Options
-- Commodity Procurement Pricing and Analysis
-- Energy Conservation Recommendations
-- Annual Budget Guidance
-- Ongoing Energy Audit and Tracking
-- Solar, Wind and Co-generation Options
-- Investigation of tax and grant assistance
-- Flexible and available financing for all environmental projects
"Atlantic Energy has earned a stellar reputation for helping government entities and corporations evaluate, fund and implement their conservation initiatives with positive cash flows," said Scott Parisi, EcoGreenHotel President. "Our new partnership will extend their expertise into hospitality, an industry that has a major impact on our planet's well being. By providing the free audits, we hope to encourage a greater number of properties to take that first step toward a more sustainable operation and a healthier planet."
Atlantic Energy CEO Timothy Brock said, "We've partnered with EcoGreenHotel to offer these free environmental audits because the lodging industry holds such great potential."
"Lodging is the country's second largest employer," Brock said. "There are over 50,000 hotels and motels in this country, and the typical hotel buys more products weekly than 100 families buy in a year. This is a $15 billion industry that until now has remained relatively untapped and offers tremendous revenue potential for our company. By expanding our services into the lodging industry, we have a great opportunity to continue growing Atlantic Energy and to expand our business while making a huge contribution to the environment."
"The thing that sets this environmental support program apart is that it goes beyond just providing a list of recommendations for improving a property's conservation efforts," Parisi said. "Instead, it actually demonstrates how a facility can take money that's already budgeted for energy expenses and reroute it to cover the cost of upgrades. By creating a positive cash flow, any property can afford to make energy-saving improvements, even in these difficult economic times."
Firms Offer Free On-Site Environmental Audits to All U.S. Hotels
* On Tuesday May 12, 2009, 9:38 am EDT
SARATOGA SPRINGS, NY--(MARKET WIRE)--May 12, 2009 -- Atlantic Energy Solutions, Inc. (Other OTC:AESO.PK - News) is announcing their partnership with EcoGreenHotel to offer free, no-obligation environmental assessments to U.S. hotels.
An engineer will conduct a thorough evaluation then based on their findings; the team prepares and submits a free, no-obligation report and proposal to each hotel. The report and proposal include concrete steps the hotel can take to increase its energy efficiency, and includes a cost/benefit breakdown and a list of funding streams for which the property might qualify.
Specifically, each hotel will receive a personalized report and proposal that includes:
-- Utility Bill Management Options
-- Commodity Procurement Pricing and Analysis
-- Energy Conservation Recommendations
-- Annual Budget Guidance
-- Ongoing Energy Audit and Tracking
-- Solar, Wind and Co-generation Options
-- Investigation of tax and grant assistance
-- Flexible and available financing for all environmental projects
"Atlantic Energy has earned a stellar reputation for helping government entities and corporations evaluate, fund and implement their conservation initiatives with positive cash flows," said Scott Parisi, EcoGreenHotel President. "Our new partnership will extend their expertise into hospitality, an industry that has a major impact on our planet's well being. By providing the free audits, we hope to encourage a greater number of properties to take that first step toward a more sustainable operation and a healthier planet."
Atlantic Energy CEO Timothy Brock said, "We've partnered with EcoGreenHotel to offer these free environmental audits because the lodging industry holds such great potential."
"Lodging is the country's second largest employer," Brock said. "There are over 50,000 hotels and motels in this country, and the typical hotel buys more products weekly than 100 families buy in a year. This is a $15 billion industry that until now has remained relatively untapped and offers tremendous revenue potential for our company. By expanding our services into the lodging industry, we have a great opportunity to continue growing Atlantic Energy and to expand our business while making a huge contribution to the environment."
"The thing that sets this environmental support program apart is that it goes beyond just providing a list of recommendations for improving a property's conservation efforts," Parisi said. "Instead, it actually demonstrates how a facility can take money that's already budgeted for energy expenses and reroute it to cover the cost of upgrades. By creating a positive cash flow, any property can afford to make energy-saving improvements, even in these difficult economic times."
Long Island School District Awards $12 Million Project to AtlanticEnergy Solutions
Apr 27, 2009 08:02:16 (ET)
SARATOGA SPRINGS, NY, Apr 27, 2009 (MARKET WIRE via COMTEX) -- Atlantic Energy Solutions, Inc. (PINKSHEETS: AESO) is pleased to announce that they have just been awarded a $12.2 million energy efficiency project from a Long Island, NY School District.
This multifaceted project entails a new 200kw solar photovoltaic system, a 300kw cogeneration system, IT Network Management, Weatherization, major HVAC renovations, and boiler and lighting replacement.
These energy efficiency improvements and renovations along with $490,000 in LIPA solar incentives will realize the school district and its taxpayers almost $700,000 in annual energy savings.
Atlantic Energy Solutions CEO Tim Brock commented, "The savings we are providing for this school district is another perfect example of the impact our energy efficiency projects can make on a local municipality. Not only are we implementing state of the art green technology innovations which have a positive effect on the environment, but we are simultaneously creating much needed tax relief during these challenging economic times." Mr. Brock continued, "As our company continues on its current course of growth and expansion we are striving to become a premier player in our industry. Being a publicly traded company gives us an added responsibility to increase shareholder value. We are confident that the actions we are taking and the growth we are experiencing will help us achieve these important objectives."
Long Island School District Awards $12 Million Project to AtlanticEnergy Solutions
Apr 27, 2009 08:02:16 (ET)
SARATOGA SPRINGS, NY, Apr 27, 2009 (MARKET WIRE via COMTEX) -- Atlantic Energy Solutions, Inc. (PINKSHEETS: AESO) is pleased to announce that they have just been awarded a $12.2 million energy efficiency project from a Long Island, NY School District.
This multifaceted project entails a new 200kw solar photovoltaic system, a 300kw cogeneration system, IT Network Management, Weatherization, major HVAC renovations, and boiler and lighting replacement.
These energy efficiency improvements and renovations along with $490,000 in LIPA solar incentives will realize the school district and its taxpayers almost $700,000 in annual energy savings.
Atlantic Energy Solutions CEO Tim Brock commented, "The savings we are providing for this school district is another perfect example of the impact our energy efficiency projects can make on a local municipality. Not only are we implementing state of the art green technology innovations which have a positive effect on the environment, but we are simultaneously creating much needed tax relief during these challenging economic times." Mr. Brock continued, "As our company continues on its current course of growth and expansion we are striving to become a premier player in our industry. Being a publicly traded company gives us an added responsibility to increase shareholder value. We are confident that the actions we are taking and the growth we are experiencing will help us achieve these important objectives."
Atlantic Energy Solutions Being Awarded With 2 New Energy Efficiency Projects Worth Millions
Thursday April 16, 2009, 12:54 pm EDT
SARATOGA SPRINGS, NY--(MARKET WIRE)--Apr 16, 2009 -- Atlantic Energy Solutions, Inc. (Other OTC:AESO.PK - News) is pleased to announce that they are being awarded two new energy efficiency contracts for school districts in the state of New York. These awards represent two multimillion dollar projects for Atlantic Energy Solutions, and will create an ongoing reduction in energy expenditures for each of these municipalities which will generate ongoing savings in the hundreds of thousands of dollars.
These two projects will update the buildings within the school districts with state of the art green technology upgrades. They include solar and wind turbine configurations, lighting system upgrades, window replacements, and building envelope weatherization. Atlantic Energy will provide further details on the projects as they get underway.
Tim Brock, CEO of Atlantic Energy Solutions, commented, "Once again, our company has demonstrated the ability to deliver a comprehensive green technology platform to a municipality that will serve the client and its tax base for years to come. We're excited to work with and provide these schools this type of energy efficiency and we are thrilled to know that as a company, we continue to grow and demonstrate our capabilities in this market. Ultimately the savings that we will create for these two school districts will benefit the taxpayers of these municipalities."
Atlantic Energy Solutions Being Awarded With 2 New Energy Efficiency Projects Worth Millions
Thursday April 16, 2009, 12:54 pm EDT
SARATOGA SPRINGS, NY--(MARKET WIRE)--Apr 16, 2009 -- Atlantic Energy Solutions, Inc. (Other OTC:AESO.PK - News) is pleased to announce that they are being awarded two new energy efficiency contracts for school districts in the state of New York. These awards represent two multimillion dollar projects for Atlantic Energy Solutions, and will create an ongoing reduction in energy expenditures for each of these municipalities which will generate ongoing savings in the hundreds of thousands of dollars.
These two projects will update the buildings within the school districts with state of the art green technology upgrades. They include solar and wind turbine configurations, lighting system upgrades, window replacements, and building envelope weatherization. Atlantic Energy will provide further details on the projects as they get underway.
Tim Brock, CEO of Atlantic Energy Solutions, commented, "Once again, our company has demonstrated the ability to deliver a comprehensive green technology platform to a municipality that will serve the client and its tax base for years to come. We're excited to work with and provide these schools this type of energy efficiency and we are thrilled to know that as a company, we continue to grow and demonstrate our capabilities in this market. Ultimately the savings that we will create for these two school districts will benefit the taxpayers of these municipalities."
Atlantic Energy Solutions Announces Sponsorship of Alternative Power Blog
Tuesday April 14, 2009, 2:02 pm EDT
SARATOGA SPRINGS, NY--(MARKET WIRE)--Apr 14, 2009 -- Atlantic Energy Solutions, Inc. (Other OTC:AESO.PK - News) is pleased to announce the sponsorship of http://www.alternativepowerblog.com, a socially interactive site for information on the alternative energy industry. The interactive blog contains news articles and other social commentary on alternative energy, solar energy, and wind energy along with videos, podcasts and an email newsletter.
"Being a part of this interactive website is in keeping with our company's mindset of using creativity and progressive thinking on all fronts," states CEO Tim Brock. "This vehicle allows us to continue to develop awareness of our industry."
By becoming members of the blog, members will have access to current industry information on a continuous basis.
Alternative power blog.com can be found at www.alternativepowerblog.com. YouTube videos at www.youtube.com/altpowerblog and Twitter posts at http://twitter.com/altpowerblog are also available.
About Atlantic Energy Solutions, Inc.
Atlantic Energy Solutions is a globally accredited Energy Efficiency and Resource Company and member of NAESCO (www.Naesco.org) that identifies, implements, and finances energy efficiency projects designed to improve overall efficiency of energy, water usage and renewable resources, reducing dependency on foreign oil and diminishing our carbon footprint. Headquartered in Saratoga Springs, NY and with a satellite office in Fairfield, NJ, Atlantic Energy Solutions assesses the energy demands and usages of municipal, corporate and industrial complexes to improve conservation in applying measures to bolster savings at the business and/or consumer level.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Atlantic Energy Solutions, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include, but are not limited to, fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise any forward-looking statements.
Contact:
Contact:
Rich Inza
ir@atlanticenergy.net
1-866-788-1600
http://www.atlanticenergy.net
http://www.alternativepowerblog.com
Atlantic Energy Solutions Announces Sponsorship of Alternative Power Blog
Tuesday April 14, 2009, 2:02 pm EDT
SARATOGA SPRINGS, NY--(MARKET WIRE)--Apr 14, 2009 -- Atlantic Energy Solutions, Inc. (Other OTC:AESO.PK - News) is pleased to announce the sponsorship of http://www.alternativepowerblog.com, a socially interactive site for information on the alternative energy industry. The interactive blog contains news articles and other social commentary on alternative energy, solar energy, and wind energy along with videos, podcasts and an email newsletter.
"Being a part of this interactive website is in keeping with our company's mindset of using creativity and progressive thinking on all fronts," states CEO Tim Brock. "This vehicle allows us to continue to develop awareness of our industry."
By becoming members of the blog, members will have access to current industry information on a continuous basis.
Alternative power blog.com can be found at www.alternativepowerblog.com. YouTube videos at www.youtube.com/altpowerblog and Twitter posts at http://twitter.com/altpowerblog are also available.
About Atlantic Energy Solutions, Inc.
Atlantic Energy Solutions is a globally accredited Energy Efficiency and Resource Company and member of NAESCO (www.Naesco.org) that identifies, implements, and finances energy efficiency projects designed to improve overall efficiency of energy, water usage and renewable resources, reducing dependency on foreign oil and diminishing our carbon footprint. Headquartered in Saratoga Springs, NY and with a satellite office in Fairfield, NJ, Atlantic Energy Solutions assesses the energy demands and usages of municipal, corporate and industrial complexes to improve conservation in applying measures to bolster savings at the business and/or consumer level.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Atlantic Energy Solutions, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include, but are not limited to, fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise any forward-looking statements.
Contact:
Contact:
Rich Inza
ir@atlanticenergy.net
1-866-788-1600
http://www.atlanticenergy.net
http://www.alternativepowerblog.com
Atlantic Energy Solutions Fiscal Year '08 Performance Supports aStronger 2009
Apr 8, 2009 09:01:53 (ET)
SARATOGA SPRINGS, NY, Apr 08, 2009 (MARKET WIRE via COMTEX) -- Atlantic Energy Solutions, Inc. (PINKSHEETS: AESO) is pleased to announce that they completed their 2008 fiscal year with annual revenues equaling $7.9M, a 36% increase in revenue over the same period in 2007 and that the Company is expecting much of the same in 2009 and 2010. Net income for the period ending December 31, 2008 was $535,000, or slightly less than 2007 due to Company investment in new markets and energy related projects. Shareholder value increased by over 100% and the Company market cap increased to $35.9M from $9M during 2008.
The Company submitted its YE08 annual report for publication on April 7, 2009 and is now awaiting final approval from the review board so that it may be posted on the Pink Sheets ( www.pinksheets.com ) Board.
According to Tim Brock, CEO of Atlantic Energy Solutions, "We are pleased with our results and we are confident that decisions made over the years to achieve our market position in the energy sector are now paying off. We acknowledge that global economic conditions are affecting all businesses and that Atlantic Energy is no exception. The Company is constantly assessing its capital requirements in support of shareholder value and client objectives. While the economic climate is daunting, we are confident in the stated growth of the energy sector and that Atlantic Energy will continue to be awarded with projects at a similar if not greater pace as we have in the past."
AESO
Two NYS School Districts Begin Their Energy Efficiency Projects WithAtlantic Energy Solutions
Apr 7, 2009 11:22:53 (ET)
SARATOGA SPRINGS, NY, Apr 07, 2009 (MARKET WIRE via COMTEX) -- Atlantic Energy Solutions, Inc. (PINKSHEETS: AESO) is pleased to announce that they are moving on to the next phase of their energy efficiency project with the Eldred School District, and completion of the project is expected ahead of schedule. Construction in a similar "greening" project will also begin next week in the Pleasantville School District.
These two projects will include over a million dollars in state of the art lighting system upgrades, window replacements, and building envelope weatherization. These changes will greatly improve each school district's energy efficiency, and generate immediate cost savings.
Atlantic Energy CEO Tim Brock said, "Over the past decade, Atlantic Energy has built an impressive client list which includes many school districts and municipalities, while becoming one of the premier players in the energy efficiency industry. The Eldred and Pleasantville School districts will each save over $75,000 annually, which will significantly reduce their respective budgets and directly benefit their taxpayers. These two school districts stand as classic examples of the kind of savings Atlantic Energy can help its clients realize by providing the necessary 'green' improvements that also create a lasting positive impact on the environment."
Mr. Brock further commented, "We admire the decision these two school districts have made to 'go green' and we are excited to help them take these important steps. As a company, we have been working closely with the US Department of Energy ( www.doe.gov ) which has made energy efficiency and weatherization a top priority in 2009, as demonstrated by their significant budget increases in the commercial and residential sectors. We want to take our customers into the next generation of 'green' energy efficiency technology."
About Atlantic Energy Solutions, Inc.
AESO Two NYS School Districts Begin Their Energy Efficiency Projects WithAtlantic Energy Solutions
Apr 7, 2009 11:22:53 (ET)
SARATOGA SPRINGS, NY, Apr 07, 2009 (MARKET WIRE via COMTEX) -- Atlantic Energy Solutions, Inc. (PINKSHEETS: AESO) is pleased to announce that they are moving on to the next phase of their energy efficiency project with the Eldred School District, and completion of the project is expected ahead of schedule. Construction in a similar "greening" project will also begin next week in the Pleasantville School District.
These two projects will include over a million dollars in state of the art lighting system upgrades, window replacements, and building envelope weatherization. These changes will greatly improve each school district's energy efficiency, and generate immediate cost savings.
Atlantic Energy CEO Tim Brock said, "Over the past decade, Atlantic Energy has built an impressive client list which includes many school districts and municipalities, while becoming one of the premier players in the energy efficiency industry. The Eldred and Pleasantville School districts will each save over $75,000 annually, which will significantly reduce their respective budgets and directly benefit their taxpayers. These two school districts stand as classic examples of the kind of savings Atlantic Energy can help its clients realize by providing the necessary 'green' improvements that also create a lasting positive impact on the environment."
Mr. Brock further commented, "We admire the decision these two school districts have made to 'go green' and we are excited to help them take these important steps. As a company, we have been working closely with the US Department of Energy ( www.doe.gov ) which has made energy efficiency and weatherization a top priority in 2009, as demonstrated by their significant budget increases in the commercial and residential sectors. We want to take our customers into the next generation of 'green' energy efficiency technology."
About Atlantic Energy Solutions, Inc.
Two NYS School Districts Begin Their Energy Efficiency Projects WithAtlantic Energy Solutions
Apr 7, 2009 11:22:53 (ET)
SARATOGA SPRINGS, NY, Apr 07, 2009 (MARKET WIRE via COMTEX) -- Atlantic Energy Solutions, Inc. (PINKSHEETS: AESO) is pleased to announce that they are moving on to the next phase of their energy efficiency project with the Eldred School District, and completion of the project is expected ahead of schedule. Construction in a similar "greening" project will also begin next week in the Pleasantville School District.
These two projects will include over a million dollars in state of the art lighting system upgrades, window replacements, and building envelope weatherization. These changes will greatly improve each school district's energy efficiency, and generate immediate cost savings.
Atlantic Energy CEO Tim Brock said, "Over the past decade, Atlantic Energy has built an impressive client list which includes many school districts and municipalities, while becoming one of the premier players in the energy efficiency industry. The Eldred and Pleasantville School districts will each save over $75,000 annually, which will significantly reduce their respective budgets and directly benefit their taxpayers. These two school districts stand as classic examples of the kind of savings Atlantic Energy can help its clients realize by providing the necessary 'green' improvements that also create a lasting positive impact on the environment."
Mr. Brock further commented, "We admire the decision these two school districts have made to 'go green' and we are excited to help them take these important steps. As a company, we have been working closely with the US Department of Energy ( www.doe.gov ) which has made energy efficiency and weatherization a top priority in 2009, as demonstrated by their significant budget increases in the commercial and residential sectors. We want to take our customers into the next generation of 'green' energy efficiency technology."
AESO - York Financial Group and Atlantic Energy Solutions Team Up to Tackle Residential Energy Opportunities
Tuesday March 24, 2009, 10:38 am EDT
SARATOGA SPRINGS, NY--(MARKET WIRE)--Mar 24, 2009 -- Atlantic Energy Solutions, Inc. (Other OTC:AESO.PK - News) and York Financial Group have implemented their strategic plan to rehabilitate homes that are preparing for sale in ten geographic markets across the country. The companies announced the first demonstration project in the Florida residential market at last week's Legislative Conference of the National Association of Hispanic Real Estate Professionals (NAHREP) and the Asian Real Estate Association of America (AREAA).
Atlantic and York have gained the necessary support from housing and bank authorities for residential underwriting to include total housing maintenance expenses such as electric, gas, and water. The companies forwarded to Fannie Mae three distinct programs in order to help 1,000 families achieve their goals of homeownership.
1. The first program, in combination with housing grants announced by the Department of Housing and Urban Development (HUD) www.hud.gov, will underwrite 100 new homebuyers with tougher qualifying standards, including energy costs, in determining whether the buyer qualifies. The grants are part of Congress' July 30 Housing and Economic Recovery Act that set out $4 billion to rehabilitate foreclosed, vacant and abandoned properties through the emergency Neighborhood Stabilization Program (NSP).
2. The second program will help 400 families improve their homes in advance of the sale, with typical energy efficiency improvements such as new energy efficient doors and windows, Energy Star appliances, blown insulation, and a solar component. The expected average cost for each home will be $25k and a $10MM "Energy Efficient Green Real Estate Fund" is being established to facilitate this.
3. The third program will train 500 prospective homebuyers with an 8 hour HUD recommended pre-purchase counseling program that includes additional training on energy efficiency. York will contract with select local HUD certified Housing Counselors to offer this expanded counseling program.
In association with local non-profit agencies, real estate brokerages and trade associations such as NAHREP and AREAA, the companies will foster a collaborative exchange of ideas and engage and train these groups in the programs so that their members can access the timely and productive opportunities in the clean, green industry. York improves technical capacities for governments, banks, non-profits and other real estate businesses while Atlantic Energy will provide energy assessment and audit services on all homes, including design, finance and construction oversight for the installation of comprehensive energy efficient improvements.
While designing the system to solve the crisis in housing and America's dependence on foreign oil, York Financial Group principal Ken York realized that many minds working together are better than a few. Said York, "Now is the best time to establish greater standards for residential underwriting because housing values will be increased with energy efficiencies in place."
With the help of Atlantic, home buyers will enjoy newly created equity and the surrounding community gets long-term financial benefits from increased building values. According to Atlantic Energy CEO Tim Brock, "There will be 5 million jobs created in the next five years in the clean, green industry and more than 3 million will be traditional blue collar jobs as the construction industry transitions to newer and updated standards with this residential model program."
York Financial Group and Atlantic Energy Solutions Team Up to Tackle Residential Energy Opportunities
Tuesday March 24, 2009, 10:38 am EDT
SARATOGA SPRINGS, NY--(MARKET WIRE)--Mar 24, 2009 -- Atlantic Energy Solutions, Inc. (Other OTC:AESO.PK - News) and York Financial Group have implemented their strategic plan to rehabilitate homes that are preparing for sale in ten geographic markets across the country. The companies announced the first demonstration project in the Florida residential market at last week's Legislative Conference of the National Association of Hispanic Real Estate Professionals (NAHREP) and the Asian Real Estate Association of America (AREAA).
Atlantic and York have gained the necessary support from housing and bank authorities for residential underwriting to include total housing maintenance expenses such as electric, gas, and water. The companies forwarded to Fannie Mae three distinct programs in order to help 1,000 families achieve their goals of homeownership.
1. The first program, in combination with housing grants announced by the Department of Housing and Urban Development (HUD) www.hud.gov, will underwrite 100 new homebuyers with tougher qualifying standards, including energy costs, in determining whether the buyer qualifies. The grants are part of Congress' July 30 Housing and Economic Recovery Act that set out $4 billion to rehabilitate foreclosed, vacant and abandoned properties through the emergency Neighborhood Stabilization Program (NSP).
2. The second program will help 400 families improve their homes in advance of the sale, with typical energy efficiency improvements such as new energy efficient doors and windows, Energy Star appliances, blown insulation, and a solar component. The expected average cost for each home will be $25k and a $10MM "Energy Efficient Green Real Estate Fund" is being established to facilitate this.
3. The third program will train 500 prospective homebuyers with an 8 hour HUD recommended pre-purchase counseling program that includes additional training on energy efficiency. York will contract with select local HUD certified Housing Counselors to offer this expanded counseling program.
In association with local non-profit agencies, real estate brokerages and trade associations such as NAHREP and AREAA, the companies will foster a collaborative exchange of ideas and engage and train these groups in the programs so that their members can access the timely and productive opportunities in the clean, green industry. York improves technical capacities for governments, banks, non-profits and other real estate businesses while Atlantic Energy will provide energy assessment and audit services on all homes, including design, finance and construction oversight for the installation of comprehensive energy efficient improvements.
While designing the system to solve the crisis in housing and America's dependence on foreign oil, York Financial Group principal Ken York realized that many minds working together are better than a few. Said York, "Now is the best time to establish greater standards for residential underwriting because housing values will be increased with energy efficiencies in place."
With the help of Atlantic, home buyers will enjoy newly created equity and the surrounding community gets long-term financial benefits from increased building values. According to Atlantic Energy CEO Tim Brock, "There will be 5 million jobs created in the next five years in the clean, green industry and more than 3 million will be traditional blue collar jobs as the construction industry transitions to newer and updated standards with this residential model program."
Getting exciting!imo
Janel World Trade, Ltd. Reports Fiscal 2009 First Quarter Operating Results: Record Total Revenue Up 6%, Including Transportation Logistics Gain
Thursday February 19, 8:00 am ET
JAMAICA, NY--(MARKET WIRE)--Feb 19, 2009 -- Janel World Trade, Ltd. (OTC BB:JLWT.OB - News), a full-service global provider of integrated transportation logistics services, today announced financial results for its fiscal year first quarter ended December 31, 2008.
For the three months ended December 31, 2008, the Company reported record revenue of $21,266,128, up 6% or $1,198,782, as compared to fiscal 2008 fiscal first quarter revenue of $20,067,346.
First quarter 2009 net revenue (revenue minus forwarding expenses) was $2,289,440, down from the prior year's level of $2,518,883. [Forwarding expense primarily comprises fees paid by Janel directly to cargo carriers to handle and transport its actual freight shipments on behalf of its customers between initial and final terminal points.] The decline in net revenue is primarily attributable to a higher proportion of transportation logistics revenue generated in the 2009 quarter from ocean freight (which carries a lower average profit margin than airfreight).
The overall revenue gain was the result of increased shipping activity, particularly ocean imports, by existing customers throughout the quarter and across most of the principal industry sectors served by the Company. The revenue gain of $1,331,007, or 7%, in the Company's transportation logistics segment was partially offset by a year-over-year decrease of $132,225, or 52%, over the period in the Company's computer software business. Significantly, as well, quarterly expenses related to both SG&A and amortization of intangible results declined year-over-year by $22,927 and $53,881, respectively.
James N. Jannello, Chief Executive Officer of the Company, stated, "Despite the continuing business problems facing most of our clients during the ongoing slowdown in the U.S. economy, we are most gratified that our transportation logistics revenue has managed to show continuing year-over-year gains. We are confident that this positive revenue trend is the result of our intensive efforts to both retain and expand our customer base has paid dividends. In addition, our fiscal 2008 acquisition of Ferrara has already substantially bolstered the ocean freight portion of our business in the past two quarters."
Mr. Jannello continued, "As we discussed in our full year earnings release last month, the lawsuit we filed in February 2008 against World Logistics Services, Inc. (from which we acquired the OLI business) is ongoing. And, as seen in the lower year-to-year results we have reported in our computer software segment, OLI's business potential has continued to fall short of our original acquisition-based forecasts."
"Accordingly, we believe it is more indicative of the core strength of our business to calculate our results adjusted for the OLI effect. Thus, on a non-GAAP basis, making the normal EBITDA adjustments and also excluding the OLI-related operating loss, Janel would have registered FY 2009 first quarter operating income of $126,814, as contrasted, on a GAAP basis, with our reported a net loss for the first quarter of $(115,490), more than all of which is attributable to the OLI results."
Mr. Jannello concluded, "We are particularly pleased that our first quarter results demonstrate the progress we are making in controlling our operating expenses and in mitigating the disappointing shortfall effects of the OLI acquisition. We are continuing to monitor the OLI business closely and will evaluate all available alternatives with respect to its ongoing effect on Janel's overall results. Nonetheless, we remain confident that the first quarter performance we have reported keeps us on track to produce the overall revenue and earnings gains we have earlier projected for the Company for the full fiscal 2009."
About Order Logistics, Inc.
Order Logistics, Inc., a wholly owned subsidiary of Janel World Trade, Ltd. that is based in Champaign, Illinois, provides solutions that allow companies to more effectively discover, manage, and execute global supply chain strategies. The Order Logistics team, technology, strategies, solutions and dedicated transportation resources allow organizations to access world-class visibility, information and controls without disrupting existing plans, processes, partnerships and information systems. By leveraging technology, business solutions, operational expertise and a centralized capacity network of transportation providers to take advantage of logistical opportunities, Order Logistics provides end-to-end solutions to its customers. This allows each customer to better control its unique distribution network and utilize existing information systems to their full capacity. For additional information, visit www.orderlogistics.com.
About Janel World Trade, Ltd.
Janel World Trade, Ltd. is a global provider of integrated logistics services, including domestic and international freight forwarding via multi-modal carriers, customs brokerage, warehousing and distribution, and other transportation-related services. With offices throughout the U.S. (New York, Chicago, Los Angeles, and Atlanta) and the Far East (Hong Kong, Shanghai, and Shenzhen), the Company provides the comprehensive services necessary to handle its customers' shipping needs throughout the world. Cargo can be transported via air, sea or land, and Janel's national network of locations can manage the shipment and/or receipt of cargo into or out of any location in the United States. Janel is registered as an Ocean Transportation Intermediary and licensed as a NVOCC (non-vessel operating common carrier) by the Federal Maritime Commission.
Janel World Trade, Ltd.'s headquarters are located in Jamaica, New York, adjacent to the JFK International Airport, and its common stock is listed on the OTC Bulletin Board under the symbol "JLWT." Additional information on the Company is available on its website at www.janelgroup.net.
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "intend," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the Company's dependence upon conditions in the air, ocean and land-based freight forwarding industry, the size and resources of many competitors, the need for the Company to effectively integrate acquired businesses and to successfully deliver its primary services, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission, including its most recent Form 8-K, Form 10-Q and Form 10-K filings. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
(Financial Highlights Follow)
JANEL WORLD TRADE LTD. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2008 SEPTEMBER 30, 2008
------------------ ------------------
(Unaudited) (Audited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 1,531,702 $ 2,428,098
Accounts receivable, net of
allowance for doubtful accounts of
$89,495 at December 31, 2008 and
$129,953 at September 30, 2008 5,941,065 6,102,205
Marketable securities 41,435 52,044
Loans receivable - officers 144,383 142,574
- other 24,817 25,632
Prepaid expenses and sundry current
assets 208,915 228,664
Tax refund receivable 83,000 83,000
------------------ ------------------
TOTAL CURRENT ASSETS 7,975,317 9,062,217
------------------ ------------------
PROPERTY AND EQUIPMENT, NET 275,146 303,855
------------------ ------------------
OTHER ASSETS:
Intangible assets, net 3,210,587 3,300,119
Security deposits 50,801 50,801
Deferred income taxes 810,000 754,000
------------------ ------------------
TOTAL OTHER ASSETS 4,071,388 4,104,920
------------------ ------------------
TOTAL ASSETS $ 12,321,851 $ 13,470,992
================== ==================
CURRENT LIABILITIES:
Convertible promissory note $ 400,000 $ 400,000
Note payable - bank 750,000 750,000
- other 125,000 125,000
Accounts payable - trade 3,249,255 3,902,719
- related party 1,653 143,422
Accrued expenses and taxes payable 166,105 303,659
Current portion of long-term debt 804,083 786,308
------------------ ------------------
TOTAL CURRENT LIABILITIES 5,496,096 6,411,108
------------------ ------------------
OTHER LIABILITIES:
Long-term debt 2,014,738 2,110,237
Deferred compensation 78,568 78,568
------------------ ------------------
TOTAL OTHER LIABILITIES 2,093,306 2,188,805
------------------ ------------------
STOCKHOLDERS’ EQUITY 4,732,449 4,871,079
------------------ ------------------
TOTAL LIABILITIES AND STOCKHOLDERS’
EQUITY $ 12,321,851 $ 13,470,992
================== ==================
See notes to financial statements
JANEL WORLD TRADE LTD. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
THREE MONTHS ENDED DECEMBER 31,
--------------------------------
2008 2007
REVENUES $ 21,266,128 $ 20,067,346
--------------- ---------------
COSTS AND EXPENSES:
Forwarding expenses 18,976,688 17,548,463
Selling, general and administrative 2,277,613 2,300,540
Amortization of intangible assets 107,931 161,812
--------------- ---------------
21,362,232 20,010,815
--------------- ---------------
OPERATING INCOME (LOSS) (96,104) 56,531
--------------- ---------------
OTHER ITEMS:
Interest and dividend income 3,876 17,254
Interest expense (58,262) (33,636)
--------------- ---------------
TOTAL OTHER ITEMS (54,386) (16,382)
--------------- ---------------
INCOME (LOSS) BEFORE INCOME TAXES (150,490) 40,149
Income taxes (credit) (35,000) 18,100
--------------- ---------------
NET INCOME (LOSS) (115,490) 22,049
Preferred stock dividends 3,750 3,750
--------------- ---------------
NET INCOME (LOSS) AVAILABLE TO
COMMON STOCKHOLDERS $ (119,240) $ 18,299
=============== ===============
OTHER COMPREHENSIVE INCOME, NET OF TAX:
Unrealized loss from available for
sale securities $ (10,867) $ (7,008)
=============== ===============
Basic earnings (loss) per share $ (.01) $ .0011
=============== ===============
Fully diluted earnings (loss) per
share $ (.01) $ .0011
=============== ===============
Basic weighted number of shares
outstanding 17,514,738 16,906,000
=============== ===============
Fully diluted weighted number of
shares outstanding 17,914,738 17,306,000
=============== ===============
See notes to financial statements
JANEL WORLD TRADE, LTD. AND SUBSIDIARIES
RECONCILIATION OF EBITDA AND OLI-RELATED
OPERATING LOSS/(INCOME) WITH GAAP
YEAR ENDED DECEMBER 31,
2008 2007
----------- ------------
NET INCOME (LOSS) PER FINANCIAL STATEMENT (115,490) 22,049
INTEREST EXPENSE 58,262 33,636
INCOME TAX EXPENSE (CREDIT) (35,000) 18,100
DEPRECIATION EXPENSE 26,948 31,324
AMORTIZATION EXPENSE 107,931 161,812
----------- ------------
EBITDA (Earnings before interest, taxes,
depreciation and amortization) 42,651 266,921
OLI OPERATING LOSS (INCOME) 84,163 (40,344)
----------- ------------
Earnings before interest, taxes, depreciation,
amortization and OLI-related operating
loss/(income) 126,814 226,577
=========== ============
Contact:
CONTACTS:
Consulting for Strategic Growth 1
Investor Relations:
Stan Wunderlich
CEO
1-646-205-7765
Email: Email Contact
Media Contact:
Meryl Orshan
1-800-625-2236, ext. 7770
Email: Email Contact
http://www.cfsg1.com
Atlantic Energy Solutions Positioned Perfectly for Economic Stimulus Bill
Thursday February 19, 9:15 am ET
SARATOGA SPRINGS, N.Y.--(BUSINESS WIRE)--Atlantic Energy Solutions, Inc. (OTC:AESO - News) is looking forward to its role with the stimulus bill, which is also known as the Economic Recovery and Reinvestment Act of 2009 as it contains a significant amount of money being allocated for increased energy efficiency and green technologies.
According to Tim Brock, CEO for Atlantic Energy Solutions, “As a company, we’ve worked hard during the past ten years to deliver on the green technology objectives established by our school district, local municipality, community colleges, and nursing home facility customers to provide exactly the kind of energy efficiencies and green technologies being presented in the stimulus bill. As a proponent for these services and the jobs they can create in any given community, we are working closely with national advocacy groups such as the National Association of Energy Services Companies (www.naesco.org) which includes energy firms such as Constellation Energy Group (CEG), Honeywell International (HON), and Johnson Controls (JCI). We have also teamed with Impact NJ, a NJ based strategic lobbying firm, so that we can engage on the opportunities that the stimulus bill represents in complimenting the objectives of our customers.”
The stimulus bill funds for energy efficiency will primarily flow through the US Department of Energy (www.energy.gov), to state, and then to local governments to implement the programs. The amounts listed below represent some of the proposed expenditures over the next two-year period:
$1 billion for loans and grants to institutions for energy efficiency audits and projects to support energy audits in each state each year.
$500 million for industrial CHP and waste heat recovery – a new area.
$6.2 billion for Weatherization Assistance Programs – up from $350 million.
$3.5 billion for Energy Efficiency and Conservation Block Grants – another new program.
$3.4 billion for the State Energy Programs administered by state energy offices – up from about $50 million.
$20 billion to educational facilities ($14 billion for K-12 schools and $6 billion for higher education) for renovations, energy efficiency and renewables.
”Atlantic Energy has been very active in several coalitions that have advocated for these programs through the years. Our vast experience working with municipalities gives us a leg up over many of our competitors and positions us to take maximum advantage of the new funding that may soon be flowing into energy efficiency and green technology. As we continue to work with school and government officials in this area, we look forward to providing these benefits to our customers,” said Atlantic Energy CEO, Tim Brock.
Atlantic Energy Solutions Positioned Perfectly for Economic Stimulus Bill
Thursday February 19, 9:15 am ET
SARATOGA SPRINGS, N.Y.--(BUSINESS WIRE)--Atlantic Energy Solutions, Inc. (OTC:AESO - News) is looking forward to its role with the stimulus bill, which is also known as the Economic Recovery and Reinvestment Act of 2009 as it contains a significant amount of money being allocated for increased energy efficiency and green technologies.
According to Tim Brock, CEO for Atlantic Energy Solutions, “As a company, we’ve worked hard during the past ten years to deliver on the green technology objectives established by our school district, local municipality, community colleges, and nursing home facility customers to provide exactly the kind of energy efficiencies and green technologies being presented in the stimulus bill. As a proponent for these services and the jobs they can create in any given community, we are working closely with national advocacy groups such as the National Association of Energy Services Companies (www.naesco.org) which includes energy firms such as Constellation Energy Group (CEG), Honeywell International (HON), and Johnson Controls (JCI). We have also teamed with Impact NJ, a NJ based strategic lobbying firm, so that we can engage on the opportunities that the stimulus bill represents in complimenting the objectives of our customers.”
The stimulus bill funds for energy efficiency will primarily flow through the US Department of Energy (www.energy.gov), to state, and then to local governments to implement the programs. The amounts listed below represent some of the proposed expenditures over the next two-year period:
$1 billion for loans and grants to institutions for energy efficiency audits and projects to support energy audits in each state each year.
$500 million for industrial CHP and waste heat recovery – a new area.
$6.2 billion for Weatherization Assistance Programs – up from $350 million.
$3.5 billion for Energy Efficiency and Conservation Block Grants – another new program.
$3.4 billion for the State Energy Programs administered by state energy offices – up from about $50 million.
$20 billion to educational facilities ($14 billion for K-12 schools and $6 billion for higher education) for renovations, energy efficiency and renewables.
”Atlantic Energy has been very active in several coalitions that have advocated for these programs through the years. Our vast experience working with municipalities gives us a leg up over many of our competitors and positions us to take maximum advantage of the new funding that may soon be flowing into energy efficiency and green technology. As we continue to work with school and government officials in this area, we look forward to providing these benefits to our customers,” said Atlantic Energy CEO, Tim Brock.
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Another New York State School District Begins "Greening" Project With Atlantic Energy Solutions
Wednesday February 4, 10:42 am ET
SARATOGA SPRINGS, NY--(MARKET WIRE)--Feb 4, 2009 -- Atlantic Energy Solutions, Inc. (Other OTC:AESO.PK - News) is announcing that a Southern New York State School District has received state approval to begin its contracted energy efficiency project with the company. The project is now underway, and Atlantic Energy will complete it in record time. With more than a decade of experience "greening" commercial buildings, including schools, school campuses, and municipalities; Atlantic Energy has compiled an impressive green platform in the energy industry.
This particular project will include measures such as lighting system upgrades, window replacements, building envelope weatherization, and transformer replacement. Atlantic Energy engineers have also recommended the school use Efco series windows using high efficiency low thermal Low-e glass for a more "green" approach to their energy savings.
This project will improve an area covering 120,000 square feet and will create a reduction in annual energy costs of $33,000 for the District. With the addition of state financial assistance they will immediately benefit from the cost savings and generate a quick return on investment during the term of the savings agreement.
"In any economy, going green and saving money is an attractive consideration and our customers can immediately recognize the benefits," said Tim Brock, CEO of Atlantic Energy Solutions. Mr. Brock continued, "By constantly rolling out projects like this one, we have laid a solid foundation that has positioned us to take full advantage of the growing trend in 'green' technology and has enabled the growth surge being experienced by our company. We are committed to providing the best possible service for our clients and in building the strongest possible company for our shareholders."
Atlantic Energy Solutions Achieves Largest Savings to Date for Property Management Company
Thursday January 29, 2009, 9:15 am EST
SARATOGA SPRINGS, NY--(MARKET WIRE)--Jan 29, 2009 -- Atlantic Energy Solutions, Inc. (Other OTC:AESO.PK - News) has implemented an extensive energy savings plan with a property management company headquartered in Baltimore, Maryland. The property management company engaged Atlantic Energy to take the lead in developing and implementing a plan to reduce its rising energy expenses that occur from its use of six million KWH per year of electricity consumption.
Atlantic Energy utilized its industry expertise of engineering resources as well as a key relationship with an energy broker to manage the property management company's supply of electricity and consumption.
The result of implementing these energy consumption plans created the means that have enabled substantial annual energy savings for the property management company and the largest savings to date for an Atlantic Energy customer. The property management company oversees energy use for over 50 buildings and 50 million square feet.
Atlantic Energy Solution's CEO, Tim Brock, said, "The service that we have provided for this customer is a great example of our company's diversification in meeting the objectives of our clients. One of my strategic objectives for Atlantic Energy is to create new recurring revenue streams that supplement our core services." Mr. Brock continued, "Developing revenue streams such as compensation for energy broker referrals creates more ways to save our customers money, continually improve the environment, and grow Atlantic Energy into a more valuable company for its shareholders."
Atlantic Energy is currently delivering a proposal for the property management company that includes a total building project involving renewable green technologies, HVAC upgrades, lighting, and other structural improvements. This combination of services will enable even greater energy savings for the Baltimore based company.
Atlantic Energy Solutions Achieves Largest Savings to Date for Property Management Company
Thursday January 29, 2009, 9:15 am EST
SARATOGA SPRINGS, NY--(MARKET WIRE)--Jan 29, 2009 -- Atlantic Energy Solutions, Inc. (Other OTC:AESO.PK - News) has implemented an extensive energy savings plan with a property management company headquartered in Baltimore, Maryland. The property management company engaged Atlantic Energy to take the lead in developing and implementing a plan to reduce its rising energy expenses that occur from its use of six million KWH per year of electricity consumption.
Atlantic Energy utilized its industry expertise of engineering resources as well as a key relationship with an energy broker to manage the property management company's supply of electricity and consumption.
The result of implementing these energy consumption plans created the means that have enabled substantial annual energy savings for the property management company and the largest savings to date for an Atlantic Energy customer. The property management company oversees energy use for over 50 buildings and 50 million square feet.
Atlantic Energy Solution's CEO, Tim Brock, said, "The service that we have provided for this customer is a great example of our company's diversification in meeting the objectives of our clients. One of my strategic objectives for Atlantic Energy is to create new recurring revenue streams that supplement our core services." Mr. Brock continued, "Developing revenue streams such as compensation for energy broker referrals creates more ways to save our customers money, continually improve the environment, and grow Atlantic Energy into a more valuable company for its shareholders."
Atlantic Energy is currently delivering a proposal for the property management company that includes a total building project involving renewable green technologies, HVAC upgrades, lighting, and other structural improvements. This combination of services will enable even greater energy savings for the Baltimore based company.
Atlantic Energy Solutions Announces Cooperative Marketing Agreement With York Financial Group
Tuesday January 27, 2009, 9:15 am EST
SARATOGA SPRINGS, NY--(MARKET WIRE)--Jan 27, 2009 -- Atlantic Energy Solutions, Inc. (Other OTC:AESO.PK - News) announced today that they have entered into a Cooperative Marketing Agreement with York Financial Group. Atlantic Energy and York Financial have formed a strategic marketing partnership to help position themselves as innovators in the emerging energy performance project marketplace. The alliance was created to allow the companies to better utilize their proven technologies and expertise to help bring increased energy efficiencies through the use of new systems and equipment designed to lower energy costs and increase property values in homes.
In October 2008, the Department of Housing and Urban Development (HUD) moved forward with a plan which includes the delivery of an unprecedented blend of public and private money cemented by grants to support the stimulus bill of the new administration. The HUD funds are targeted to help provide relief for communities that have been negatively impacted by the housing crisis by providing the resources needed to rehabilitate bank owned properties. The energy efficiencies realized using solar power, efficient heating and cooling systems, and other home improvements should help these communities bring much needed stabilization to their real estate markets.
The grants are part of Congress' July 30 Housing and Economic Recovery Act that set out $4 billion to rehabilitate foreclosed, vacant and abandoned properties through the emergency Neighborhood Stabilization Program (NSP). Regions hardest hit by the foreclosure crisis should receive the most assistance. Congress is hoping the grants will alleviate some of the "blight" caused by abandoned homes left in disrepair, thereby stabilizing the downward price spiral.
York Financial Group will contract with select local Community Development leaders to administer NSP grants. Their goal is to oversee the non-profit interests that receive the grants and advise them regarding the overall tasks of sourcing, acquiring, improving and reselling the foreclosures. Atlantic Energy will provide energy audit services on all acquired homes, including design, finance and construction oversight for the installation of comprehensive energy efficient improvements. The York/Atlantic partnership will help provide newly remodeled and uniquely energy efficient homes to qualified buyers who meet HUD income guidelines.
Atlantic Energy's CEO, Tim Brock, stated, "We welcome the opportunity to be part of the solution to a very difficult problem. Atlantic is happy to help turn 'blight' into 'Green.' We think we have a valuable service to offer these hard hit communities." Mr. Brock further stated, "One in three homes that our Residential Services Team works on will have solar PV Panels on its roof."
While designing the system to administer the grants on behalf of recipient communities, York Financial Group principal Ken York realized the NSP money could do more than had been typically proposed. By matching public funds with private dollars derived from commercial lines of credit, and by using the expertise of real estate industry professionals, community development leaders could greatly extend the reach of the grants to provide more benefits to their regions.
"With the right implementation strategy, we believe we can triple benefits to these communities," stated Ken York. "In short, more money saves more homes, and input from real estate pros means faster delivery and fewer mistakes. By working with professionals like Atlantic Energy, we deliver energy efficient market-ready homes with reduced energy costs to help homeowners lower their bills, and in turn, make their mortgage easier to pay and providing incentive for longer term home ownership."
For more information on the partnership or the Neighborhood Stabilization Program, contact Ken York or visit www.YorkFinancialGroup.com. For more information on energy audits visit www.AtlanticEnergy.net. Services are available nationwide.
About Atlantic Energy Solutions, Inc.
Atlantic Energy Solutions is a globally accredited Energy Efficiency and Resource Company and member of the National Association of Energy Service Companies (NAESCO) (www.Naesco.org) that identifies, implements, and finances energy efficiency projects designed to improve the overall efficiency of energy, water usage and renewable resources, reducing our dependency on foreign oil and diminishing our carbon footprint. Headquartered in Saratoga Springs, NY and with a satellite office in Fairfield, NJ, Atlantic Energy Solutions assesses the energy demands and usages of municipal, corporate and industrial complexes to improve conservation and apply measures to bolster savings at the consumer level.
About York Financial Group, Inc.
York Financial Group is a consulting and financial services company providing technical assistance to Government and Non-Profit agencies. Headquarters are in Winter Springs, Florida.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Atlantic Energy Solutions, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise any forward-looking statements.
Contact:
CONTACT:
Rich Inza
ir@atlanticenergy.net
1-866-788-1600
http://www.atlanticenergy.net
Janel World Trade Retains Wellfleet Partners to Help Form a Strategic Partnership in China
Monday January 5, 2009, 8:00 am EST
JAMAICA, NY--(MARKET WIRE)--Jan 5, 2009 -- Janel World Trade, Ltd. (OTC BB:JLWT.OB - News), a leading international provider of logistics management services, has retained Wellfleet Partners, Inc. to evaluate and effectuate a Strategic Partnership in China, help increase business related activities in Asia and conduct various other investment banking and corporate finance activities for the Company.
"We are pleased to work with James Jannello and his staff on both expanding and extending his company's business activities in China, an area we are extremely familiar with. We believe there are great opportunities in China and we will assist Janel World Trade in taking advantage of them," said Mark I. Lev, Chairman and CEO, Wellfleet Partners.
"Our new corporate office in Beijing, in partnership with MRM Finance, LLC, is in the process of evaluating potential strategic partners and acquisition candidates in China, both public and private companies, that would greatly increase the Company's revenues and gross profit margin, helping to maximize shareholder value. I also want to thank Fred Hart of Sandgrain Securities, for making the initial introduction with Janel," Mr. Lev added.
James Jannello, Chief Executive Officer of Janel World Trade, Ltd., said, "We are pleased to partner with Mark Lev and Wellfleet, whose extensive experience with China-related companies will provide the additional strategic insight, knowledge and access to help our company grow."
[Video] Wall St. Network's 3-Minute Press Show Features Executive Interviews and Highlights Recent Press for the Following: EK, EXOU, VCRT, and AESO
Wednesday January 14, 2009, 7:00 am EST
NEW YORK, NY--(MARKET WIRE)--Jan 14, 2009 -- Wall St. Network's 3-Minute Press Show is a daily program hosted by WSN reporter Tracee Tolentino that features in-depth interviews with public company executives on their company and most recent press releases.
The show is designed to provide viewers with insight into a company's latest news, and its impact on the company's growth.
Shows air Monday through Friday at: http://tv.wallst.net/3-min-press/3-min-press.php.
4. Tim Brock, CEO of Atlantic Energy Solutions, Inc. (Other OTC:AESO.PK - News). To view this clip in its entirety, visit: http://www.tv.wallst.net/r/3-minute-press/T-Brock-AESO-PK/371/1474/. Ask Tim Brock a question, post a comment on his profile page, and join his financial social network today at: http://my.wallst.net/T-Brock-AESO-PK.
Atlantic Energy Solutions Announces the Opening of a New Florida Office; CEO Tim Brock Discusses the Company's Growth and Goals for 2009 in a Letter to the Shareholders
Tuesday January 13, 2009, 9:41 am EST
SARATOGA SPRINGS, NY--(MARKET WIRE)--Jan 13, 2009 -- Atlantic Energy Solutions, Inc. (Other OTC:AESO.PK - News) is pleased to announce the opening of a new satellite office in Orlando, Florida. This is the first of several planned new offices to be opened this year and brings the current total to three. It is also the first office for Atlantic Energy in the Southeastern United States. It will be a supplement to the energy team expected to expand and further develop energy efficiency projects that have been introduced.
Atlantic Energy Solutions' CEO, Tim Brock, has also written a letter to the shareholders, in which he discusses the successes and accomplishments of 2008 and the company's goals for 2009. The letter can be found in the investor relations section of Atlantic Energy Solutions' web site, http://www.atlanticenergy.net/.
"Opening the Florida office is the first of several planned for this year," said CEO Tim Brock. Mr. Brock continued, "While many other sectors are currently experiencing difficult economic times, our industry is thriving. We will open satellites offices throughout the different regions of the country in order to keep pace with the fast-growing 'greening' demand. In addition to the great growth we had already anticipated, the new administration has made our market even bigger by committing billions of dollars to revamp federal government buildings to make them more energy efficient in order to save tax payers billions."
Atlantic Energy Solutions Addresses Financial News Web Site Error
Dec 19, 2008 13:53:51 (ET)
SARATOGA SPRINGS, NY, Dec 19, 2008 (MARKET WIRE via COMTEX) -- Atlantic Energy Solutions, Inc. (PINKSHEETS: AESO) has taken immediate action to correct an incorrect link that was erroneously applied to the Company's ticker symbol on a prominent financial news web site.
The financial news web site posted a link from another company's 10-Q filing that was mistakenly provided to them from a third party news feed provider. The incorrect link occurred because of an apparent mismatch between ticker symbols and the CIK numbers. The problem has been resolved and the link has been taken down.
"This error was brought to our attention by a concerned shareholder that was reading through our headlines on the financial news site," said Atlantic Energy Solutions CEO Tim Brock. Mr. Brock further commented, "We are happy to report that both the financial news web site and the third party news feed provider acted very quickly to correct the problem as soon as we made them aware of it. We hope that anyone that may have come across this error during the time it was posted will understand that it was not a reflection of our company. We are currently wrapping up a record breaking year at Atlantic Energy Solutions with many more great things expected in 2009 as we continue on the course we have set for ourselves. We urge our shareholders to stay tuned for our upcoming press releases and news updates as developments unfold."
||||||||||AESO Proposal Submitted to Southern NJ School District for Long Term Energy Efficiency Project
Wednesday December 10, 9:52 am ET
SARATOGA SPRINGS, NY--(MARKET WIRE)--Dec 10, 2008 -- Atlantic Energy Solutions, Inc. (Other OTC:AESO.PK - News), consistent with their strategic initiatives to be the leading provider of delivering green technology to municipalities, schools, and nursing homes, continued their progress with the successful submission of a proposal to a southern New Jersey school District for Phase I of a long term energy efficiency project.
Atlantic Energy engineers and technical specialists configured several options for bringing green to the school district and district officials believe that the best solution has been provided in requesting for an agreement between the parties to be executed.
Upon commencement of the project, the first phase will begin with an upgrade of two of the facilities' gymnasiums. The lighting system will be completely replaced with the latest in ultra efficient high bay roof lighting to cut the district's gymnasium lighting energy costs by 50% as well as bringing the best in brightness to the gym floor which will improve visibility for gym sports participants and visitors.
Atlantic Energy Solution's CEO Tim Brock commented, "This particular project is a perfect example of how we can make such a significant difference by implementing changes as simple as modernizing outdated lighting systems. Our objective with every one of our clients goes beyond the obvious cost and energy savings that we strive to realize for them. We also aim to make a positive impact on the environment. In every energy efficiency project that we undertake, we are able to considerably lower the adverse emissions that are released into the atmosphere and potentially cause harm to the planet."
Proposal Submitted to Southern NJ School District for Long Term Energy Efficiency Project
Wednesday December 10, 9:52 am ET
SARATOGA SPRINGS, NY--(MARKET WIRE)--Dec 10, 2008 -- Atlantic Energy Solutions, Inc. (Other OTC:AESO.PK - News), consistent with their strategic initiatives to be the leading provider of delivering green technology to municipalities, schools, and nursing homes, continued their progress with the successful submission of a proposal to a southern New Jersey school District for Phase I of a long term energy efficiency project.
Atlantic Energy engineers and technical specialists configured several options for bringing green to the school district and district officials believe that the best solution has been provided in requesting for an agreement between the parties to be executed.
Upon commencement of the project, the first phase will begin with an upgrade of two of the facilities' gymnasiums. The lighting system will be completely replaced with the latest in ultra efficient high bay roof lighting to cut the district's gymnasium lighting energy costs by 50% as well as bringing the best in brightness to the gym floor which will improve visibility for gym sports participants and visitors.
Atlantic Energy Solution's CEO Tim Brock commented, "This particular project is a perfect example of how we can make such a significant difference by implementing changes as simple as modernizing outdated lighting systems. Our objective with every one of our clients goes beyond the obvious cost and energy savings that we strive to realize for them. We also aim to make a positive impact on the environment. In every energy efficiency project that we undertake, we are able to considerably lower the adverse emissions that are released into the atmosphere and potentially cause harm to the planet."
Atlantic Energy Solutions Partners With Evolution Solar on Solar Panels
Thursday December 4, 9:15 am ET
SARATOGA SPRINGS, NY--(MARKET WIRE)--Dec 4, 2008 -- Atlantic Energy Solutions, Inc. (Other OTC:AESO.PK - News) is pleased to announce they are in negotiations to make Evolution Solar Corporation (Other OTC:EVSO.PK - News) their provider of photovoltaic (PV) panels for several of Atlantic Energy's current solar energy efficiency projects.
After conducting extensive research with a number of global manufacturers of PV panels, Atlantic Energy has concluded that securing an Asian manufacturing partner would be a key cost reduction strategy. A collaborative effort between Evoltion Solar and Atlantic Energy is essential to ensure obtaining the Underwriters Laboratories (UL) certification for these PV panels for sales and installation in the United States.
"PV projects are a very significant source of revenues with regards to construction and ongoing electricity sales for our company," stated Timoty Brock, Atlantic Energy Solutions' CEO. Mr. Brock contiunued, "Our relationship with Evolution Solar will play a significant role in helping us capture a larger market share of the PV business."
The worldwide PV industry has been growing steadily at 20-25% per year for the last 20 years. Competitiveness in the industry is defined by the ability to reduce panel costs and the lead time between ordering and delivery. The partnership between Atlantic Energy Solutions and Evolution Solar is a natural synergy for penetrating this multi-billion dollar market. This will allow Atlantic Energy to provide low-cost panels at sufficient volumes for large projects with a much shorter lead time than many of its competitors.
Strategic Discussions Underway to Build a Solar Power Plant onFlorida's West Coast
Dec 2, 2008 09:15:40 (ET)
SARATOGA SPRINGS, NY, Dec 02, 2008 (MARKET WIRE via COMTEX) -- Atlantic Energy Solutions, Inc. (PINKSHEETS: AESO) is announcing that they are engaged in strategic negotiations with a West Coast Florida land owner to build a solar power plant that would produce enough energy to service approximately 12,500 homes and provide an alternative energy source that can be sold to one or more Florida electric companies.
These strategic discussions have involved developing a long term energy vision with the land owners and municipalities while providing a state of the art energy source that benefits all facets of municipality energy needs.
The project is in the developmental stages and would result in the installation of a 50 MW solar PV power plant. In addition to servicing the needs of homes, municipalities, and electric utility companies, Atlantic Energy would also operate and maintain the plant for a range of 20-30 years.
The energy produced by the PV solar plant will be sold as electricity and provide recurring revenues for Atlantic Energy Solutions, the land owner, and the municipality over the lifetime of Atlantic Energy's involvement with the plant.
Atlantic Energy CEO Timothy Brock said, "This large scale solar PV project is in synch with our strategic plans for delivering on 'green technology' and directly coincides with supporting initiatives within Florida's Renewable Energy Portfolio. This is a great example of the diversity we expect to show in our future projects."
Strategic Discussions Underway to Build a Solar Power Plant onFlorida's West Coast
Dec 2, 2008 09:15:40 (ET)
SARATOGA SPRINGS, NY, Dec 02, 2008 (MARKET WIRE via COMTEX) -- Atlantic Energy Solutions, Inc. (PINKSHEETS: AESO) is announcing that they are engaged in strategic negotiations with a West Coast Florida land owner to build a solar power plant that would produce enough energy to service approximately 12,500 homes and provide an alternative energy source that can be sold to one or more Florida electric companies.
These strategic discussions have involved developing a long term energy vision with the land owners and municipalities while providing a state of the art energy source that benefits all facets of municipality energy needs.
The project is in the developmental stages and would result in the installation of a 50 MW solar PV power plant. In addition to servicing the needs of homes, municipalities, and electric utility companies, Atlantic Energy would also operate and maintain the plant for a range of 20-30 years.
The energy produced by the PV solar plant will be sold as electricity and provide recurring revenues for Atlantic Energy Solutions, the land owner, and the municipality over the lifetime of Atlantic Energy's involvement with the plant.
Atlantic Energy CEO Timothy Brock said, "This large scale solar PV project is in synch with our strategic plans for delivering on 'green technology' and directly coincides with supporting initiatives within Florida's Renewable Energy Portfolio. This is a great example of the diversity we expect to show in our future projects."