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Re: bababooyah post# 32024

Wednesday, 01/13/2016 9:50:01 PM

Wednesday, January 13, 2016 9:50:01 PM

Post# of 37236
Yes exactly:

On May 15, 2013 GERS entered into a contribution agreement with Cirque Energy II, LLC (“Cirque LLC”) whereby Cirque LLC would contribute all of its assets in exchange for common stock in the Company. Included in Cirque LLC’s assets were three subsidiary limited liability companies: The Prototype Company, LLC; Gaylord Power Station, LLC; and Midland Renewable Energy Station, LLC. This contribution agreement has not yet been consummated.



The Company anticipates acquiring Cirque II. Management expects that this acquisition will provide the Company the new entity with several benefits:


- Strengthen management team to successfully execute our business plan, including plant operations, project development, construction, start-up, commissioning, fuel procurement and transportation.

- Skill sets of the new team will mitigate execution risk.

- New and expanded pipeline of projects and programs in various stages of development.

- Expanded client relationships, large industrial clients, universities, hospitals, and utilities resulting in more opportunities.

- Expanded network of project finance relationships and contacts.

- Our team has experience in development, design, financing, construction, and operations, which positions us to successfully take a potential energy project from vision to completion.

ref: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11097284

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