Patten Energy Solutions Group Inc (PTTN)

[JohnnyBlaze]

IENG .0002 ALERT & DD ***Acquisition News TO HIT THIS WEEK (no later than Thursday IMO)... Company improving social media presence and shareholder communications! TWITTER LAUNCHED TODAY! FACEBOOK SOON (maybe tomorrow)! Looks like target acquisition companies are already revenue producing!
http://investorshub.advfn.com/Integrated-Energy-Solutions-Inc-IENG-17357/

***New IENG twitter launched today @IENG_IR
https://twitter.com/IENG_IR

IENG_IR @IENG_IR • 1h 1 hour ago
$IENG plans to utilize its new #Twitter page to update shareholders as well as disseminate news & other investor materials. #FB coming soon.
0 replies 6 retweets 6 favorites
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IENG_IR @IENG_IR
Integrated Energy Solutions (OTC: $IENG) Patten Energy, Atlantic-Pacific & Orbit Oil updates. More updates to follow. biz.yahoo.com/e/141126/ieng8-k.html …
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As of November 19th 2014
O/S 714,319,093
A/S 2,000,000,000


Major partnerships and acquisitions coming! Should add HUGE value for IENG...
Following DD from Sooah

$IENG acquired two companies: Patten Energy and Atlantic Pacific, LLC. These two companies became wholly owned subsidiaries of $IENG for a consideration of 950,000 shares of Series B each. Orbit Oil is an assetpurchase agreement (APA), not a full acquisition of all of the company which usually also includes debt of Orbit Oil.

Patten Energy's information is here: They've been in business since 1996 and their experience in the business is 30 years.

http://kepler.sos.ca.gov/
Entity Name: PATTEN ENERGY ENTERPRISES, INC.
Entity Number: C1787593
Date Filed: 07/19/1996
Status: ACTIVE
Jurisdiction: CALIFORNIA
Entity Address: 3437 S MAIN ST
Entity City, State, Zip: LOS ANGELES CA 90007
Agent for Service of Process: EZEKIEL PATTEN JR
Agent Address: 3437 S MAIN ST
Agent City, State, Zip: LOS ANGELES CA 90007

They have a very impressive list of Fortune 500 clients:
http://pattenenergy.com/about/clients/

Alamo Rent a Car – Inglewood, CA
Amtrak – Santa Barbara, CA
Anheuser Busch – Van Nuys, CA
Arco Gas – Dallas, TX
AT&T – Van Nuys, CA
Ball Corporation – Torrance
California Department of Forestry & Fire – Monterey, CA
California State University – Dominguez Hills, CA
California Department of Transportation – San Diego, CA
California Highway Patrol – San Mateo, CA
California State University – Fullerton, CA
California State University – Northridge, CA
Chemical Trans – Carson, CA
City of Compton, CA
City of Inglewood, CA
City of Long Beach, CA
City of Los Angeles, CA
City of National City, CA
City of Norwalk, CA
City of Pasadena, CA
City of San Diego, CA
City of Santa Monica, CA
County of Riverside, CA
County of San Diego, CA
Crown Disposal Inc. – Sun Valley
Defense Fuel Supply – Washington, DC
Department of Fish & Game – Los Banos, CA
Department of Water Resources – Newhall, CA
Disneyland – Anaheim, CA
E&V Transmission – Los Angeles, CA
Edison Pipeline & Terminal Co. – Long Beach, CA
Energy Services Inc. – New Orleans, LA
Falcon Fuels, Inc. – Long Beach, CA
General Dynamics – San Diego, CA
Grayline/Flyaway – Los Angeles, CA
GTE – Thousand Oaks, CA
H.R. Textron – Newhall, CA
Hasco Oil Co, Inc. – Long Beach, CA
Herzog Contracting Corp. – St. Joseph, MI
Herzog Contracting Corp. – Pomona, CA
Homeland Security – San Diego
Hudson General – Los Angeles, CA
Jet Propulsion Laboratory – Pasadena, CA
Los Angeles Department of Water & Power – Los Angeles, CA
Los Angeles Unified School District – Los Angeles, CA
Laidlaw – San Diego, CA
Lockheed Aircraft Services – Burbank, CA
Los Angeles County, CA
Memo Scaffolding – Norwalk, CA
MTA – Los Angeles, CA
Metro Inc. – Los Angeles
Metropolitan Water District – Los Angeles, CA
Mock Resources, Inc. – Anaheim, CA
Montgomery Elevator Co. – Los Angeles
Narcel Corporation – San Leandro
New Orleans School District, New Orleans
Nissan Motor Corp. – Carson, CA
North County Transit District – Oceanside, CA
Northrop/Grumman – Pico Rivera, CA
Orange County Transit – Orange, CA
Pacific Energy System – Orange, CA
Pate – San Francisco
Pepsi Cola – Redondo Beach, CA
R & G Sloane Mfg. – Sun Valley, CA
Ramona Disposal Service – Ramona, CA
Rapid Transit District – Los Angeles, CA
Regional Transit Association – Los Angeles, CA
Rockwell International – Seal Beach, CA
Rocketdyne – Canoga Park, CA
Roesch Lines, Inc. – San Bernadino, CA
Rohr Industries, Inc. – Chula Vista, CA
Ron’s Petroleum Service – Inglewood, CA
San Diego Gas & Electric – San Diego, CA
San Diego Naval Hospital – San Diego, CA
San Diego Transit – San Diego, CA
San Diego Unified School District – San Diego, CA
San Quentin Correctional Facility – San Quentin, CA
Schwartz Oil Company – New Hall, CA
Seat – Oxnard, CA
Southern California Edison – Rosemead, CA
Southern California Gas – Los Angeles, CA
State of California – Sacramento, CA
Supreme Oil Company – San Diego, CA
Sweetwater School District – San Diego, CA
Texican Natural Gas – Houston, TX
Toyota – Torrance, CA
U.S. Postal Service – Los Angeles, CA
University of Southern California – Los Angeles, CA
United Airlines – Los Angeles, CA
United States Border Patrol
University of California – Irvine, CA
University of California – Los Angeles, CA
University of California – San Diego, CA
USDA Forest Service – San Bernadino, CA
VA Medical Center – Los Angeles, CA
Warner Bros. Studios – Burbank, CA
Waste Management of LA – Sun Valley, CA

It is also stated in the Share Exchange Agreement that $IENG is expected to raise $5 million in working capital, $1 million of that which will be allocated to Patten as working capital so EXPECT BIG FINANCING NEWS TO COME.

http://archive.fast-edgar.com//20141126/A3ZZS22CZ223OJZ2222A2ZZZC397ZZQR6Q62/

Atlantic Pacific LLC is a logistics company (Trucking) with proper USDOT registration:
http://www.quicktransportsolutions.com/truckingcompany/indiana/atlantic-pacific-llc-usdot-2425755.php

They own a fleet of 12 trucks

This company is owned by Robert Rosinski who is also a principal of AP Lubes, Inc (the parent company of Orbit Oils). It looks like Rosinski is selling some of AP Lubes's assets to $IENG to justify the equalization of the deal.

$IENG could potentially be a VERY, nice deal with acquisitions of already revenue generating companies.


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=108613188

Both subs are revenue generating, Patten Energy with a long history of operations since 1996 so it is quite possible that this one has a significant amount of account receivables that can be used as collateral for the $5 million raise. Atlantic Pacific, LLC as I said before is a logistics company which usually is non-asset based but this one has a fleet of 12 trucks hence it has hard assets that can also be used to give security interest for the $5 million raise...


26-Nov-2014
Entry into a Material Definitive Agreement, Completion of Acquisitions

Item 1.01 Entry Into a Material Definitive Agreement
Patten Energy Enterprises, Inc. Share Exchange Agreement

On November 20, 2014, Integrated Energy Solutions, Inc. ("Integrated Energy" or the "Company") entered into a Share Exchange Agreement (the "Patten Share Exchange") by and among the Company, Patten Energy Enterprises, Inc., a California corporation ("Patten Energy"), and Ezekial Patten, Jr. (the "Patten Shareholder"), pursuant to which the Company acquired all of the outstanding shares of Patten Energy (the "Patten Shares") from the Patten Shareholder in exchange for the right to receive 950,000 shares of Series B Convertible Preferred Stock (as defined in Section 3.03 below) of the Company upon the terms and subject to the conditions set forth in the Patten Share Exchange. As additional consideration, upon the Company entering into a credit facility in the amount of at least $700,000, the Company will allocate to Patten Energy certain funds for use as working capital.

Atlantic-Pacific, LLC Share Exchange Agreement

On November 20, 2014, the Company entered a certain Share Exchange Agreement (the "Atlantic-Pacific Share Exchange") by and among the Company, Atlantic-Pacific, LLC, an Indiana limited liability company ("Atlantic-Pacific"), and Robert Rosinski (the "Atlantic-Pacific Member"), pursuant to which the Company acquired all of the outstanding membership interests of Atlantic-Pacific (the "Atlantic-Pacific Shares") from the Atlantic-Pacific Member in exchange for the right to receive 950,000 shares of Series B Convertible Preferred Stock of the Company upon the terms and subject to the conditions set forth in the Atlantic-Pacific Share Exchange. As additional consideration, upon the Company entering into a credit facility in the amount of at least $700,000, the Company will allocate to Atlantic-Pacific certain funds for use as working capital.

Orbit Oil Asset Purchase Agreement

On November 20, 2014, the Company entered into an Asset Purchase Agreement (the "Orbit Oil Asset Purchase Agreement") by and among the Company, AP Lubes, Inc., a Delaware corporation and wholly-owned subsidiary of the Company ("AP Lubes"), and Orbit Oil, Inc., an Indiana corporation ("Orbit Oil"), pursuant to which AP Lubes purchased those certain assets of Orbit Oil on the terms and subject to the conditions set forth in the Orbit Oil Asset Purchase Agreement. As consideration, the Company issued to Orbit Oil, on behalf of AP Lubes, 450,000 shares of Series B Convertible Preferred Stock of the Company on the terms and subject to the conditions set forth in the Orbit Oil Asset Purchase Agreement. As further consideration, the Company issued to Orbit Oil, on behalf of AP Lubes, a 24-month promissory note in the aggregate principal amount of $50,000. In addition, upon the Company entering into a credit facility in the amount of at least $700,000, the Company will pay Orbit Oil a cash payment of $50,000.

The above descriptions of the Patten Share Exchange, the Atlantic-Pacific Share Exchange, and the Orbit Oil Asset Purchase Agreement do not purport to be complete and are qualified in their entirety by reference to the Patten Share Exchange, the Atlantic-Pacific Share Exchange, and the Orbit Oil Asset Purchase Agreement, which are attached hereto as Exhibit 10.1, Exhibit 10.2 and Exhibit 10.3 to this Current Report on Form 8-k, respectively.